/THIS NEWS RELEASE IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES ./
TORONTO, March 9, 2018 /CNW/ - Further to the news release of
First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the "Company") dated December 21, 2017 and
the management information circular of the Company dated January 29, 2018, the Company is pleased
to announce that the shareholders have approved all resolutions provided for in the management information circular.
Accordingly, the common share purchase warrants (the "Warrants") which formed part of the Company's December 2017 bought deal private placement and non-brokered private placement (the "Placements") have been
approved by the shareholders for issuance and the Warrants will be issued to the subscribers promptly.
The securities offered pursuant to the Placements have not been and will not be registered under the United States Securities
Act of 1933, as amended, or state securities laws and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable
exemption from the U.S. registration requirements. This news release does not constitute an offer to sell.
About First Cobalt
First Cobalt assets include almost half of the historic mining properties in the Cobalt Camp in Ontario, Canada. The Company controls 50 historic mines over 10,000 hectares as well as a mill and the only
permitted cobalt refinery in North America capable of producing battery materials. First Cobalt
began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth
opportunities.
On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE First Cobalt Corp.
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