VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 22, 2016) - Cobalt Power Group Inc. (TSX
VENTURE:CPO) is pleased to announce the staking of an additional 20 acre (8 hectare) mineral claim located immediately west of
the Smith Cobalt Property extensions. Also, further to our successful initial sampling program, (see news release dated November
17, 2016), a technical team is currently on the Smith Cobalt property collecting additional ground samples, clearing access to
underground workings, and meeting with a mining engineer to review options for re-opening historical mine shafts.
"The late arrival of snow in the Cobalt area allows us to continue with ground exploration work. We are excited to
start the process of gaining access to the underground intersections of the veins for further exploration, including direct vein
sampling and underground drilling," Dr. Andreas Rompel, President & CEO, comments. "As well, we continue to acquire prospective
cobalt targets, adding to our already sizeable land package in the Cobalt, Ontario region."
About the Smith Cobalt Properties
The Smith Cobalt properties are underlain by a sequence of Archaean volcanics which are uncomformably overlain by
Huronian sediments. These formations have been intruded by the Proterozoic-age Nipissing diabase sill. Faulting, on both a
regional and local scale, has been found by surface mapping and in drill cores. Polymetallic veining, and especially
pinkish-white carbonate veins, has also been reported. Thus, all the necessary geological components of accepted mineralization
models for cobalt-silver have been identified on the properties.
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX VENTURE:CPO)
focused on cobalt exploration and development.
The Company has made a series of strategic property acquisitions over the past several months, seeking cobalt
mineralization near Cobalt, Ontario - a region with a long history of silver and associated cobalt production. Property holdings
total 720 ha (1780 acres) in contiguous blocks. There are several historic mining operations on the property that are potentially
accessible, including the Smith Cobalt shaft and its underground workings.
On behalf of the Board of Directors
Dr. Andreas Rompel, President and CEO, Cobalt Power Group Inc.
We seek safe harbor.
The company's profile may also be viewed on www.sedar.com.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither
approved nor disapproved the contents of this press release.
Forward Looking Information
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content
of this News Release. WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could
differ materially from those described in the news release as a result of numerous factors, some of which are outside the control
of the Company. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.