CobalTech Announces Resignation of Director
TORONTO, ON --(Marketwired - June 30, 2017) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED
STATES
COBALTECH MINING INC. (TSX VENTURE: CSK) (FRANKFURT:
9BN1) (WKN: A2DG59) (OTC PINK: BNCIF) (the "Company") announces the
resignation of Erik A. Ostensoe from the Company's Board of Directors. The Board of Directors and Management wish Mr. Ostensoe
the very best in his future endeavours and express their appreciation for his service as a director over the years.
About CobalTech
CobalTech Mining Inc. is a North American cobalt company with assets in Cobalt, Ontario. The Company's properties
are strategically located in an area known for its geological setting responsible for unique mineralization composed of
quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic. CobalTech has entered into a binding Letter of Intent
with First Cobalt Corp. whereby First Cobalt intends to acquire all the issued and outstanding common shares of CobalTech by way
of court-approved plan of arrangement. Completion of the arrangement is subject to a number of conditions, including the entering
into of definitive documentation, approval by the shareholders of CobalTech and receipt of all required regulatory approvals,
including the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
(signed) " Bruce Bragagnolo "
Bruce Bragagnolo. CEO
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.