TORONTO, May 14, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC,
ASX: FCC, OTCQX: FTSSF) (the "Company") today announces President and CEO Trent Mell will be
giving a keynote presentation on the cobalt market supply and demand fundamentals at a Benchmark Mineral Intelligence event in
Vancouver on Wednesday, May 16, 2018 at 11:30 a.m.
The presentation will take place within the Benchmark Pavilion at the International Mining Investment Conference Vancouver at
the Vancouver Convention Centre East. The Pavilion will focus on the lithium-ion battery and
electric vehicle markets. Mr. Mell's presentation will include a review of cobalt exploration and development projects in the
context of increasing demand for cobalt in the drive towards vehicle electrification.
To register for free to attend the Benchmark Mineral Intelligence Pavilion, visit https://www.eventbrite.com/e/benchmark-world-tour-2018-vancouver-tickets-41699263620. Separate registration is
required for the Cambridge House International Mining Investment Conference 2018, available here http://cambridgehouse.com/e/international-mining-investment-conference-2018-73/register, but is not necessary to
attend the BMI Pavilion.
First Cobalt recently announced a friendly merger with US Cobalt Inc. (TSX-V: USCO, OTCQB: USCFF) that will strategically
position First Cobalt as a leading non-DRC cobalt company with three significant North American assets: the Canadian Cobalt Camp,
with more than 50 past producing mines; the Iron Creek Project in Idaho, which has a historic
mineral resource estimate (non-compliant with NI 43-101) of 1.3M tons grading 0.59% cobalt; and the
only permitted cobalt refinery in North America capable of producing battery materials. US
Cobalt shareholders will vote on the transaction on May 17, 2018 and the transaction expected to
close by the end of May 2018.
About First Cobalt
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. The Company
controls over 10,000 hectares of prospective land covering over 50 historic mines as well as mineral processing facilities in the
Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the only permitted facility in
North America capable of producing cobalt battery materials.
First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus
on North America.
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.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking
statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates",
"believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might",
"occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual
results, performance and opportunities to differ materially from those implied by such forward-looking statements. In particular,
forward-looking information included in this news release includes, without limitation, the anticipated closing date of the
Transaction, the receipt of final court approval and other regulatory approvals. Factors that could cause actual results to
differ materially from these forward-looking statements are set forth in the management discussion and analysis and other
disclosures of risk factors for each of First Cobalt and US Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt and US Cobalt believe that the information and
assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in
the disclosed times frames or at all. Except where required by applicable law, First Cobalt and US Cobalt disclaim any intention
or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or
otherwise.
Historic Estimates
US Cobalt considers the cobalt and copper tonnage and grade estimates above as historical estimates. The historical
estimates do not use categories that conform to current CIM Definition Standards on Mineral Resources and Mineral Reserves as
outlined in National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") and have not been redefined to
conform to current CIM Definition Standards. They were prepared in the 1980s prior to the adoption and implementation of NI
43-101. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources and US
Cobalt is not treating the historical estimates as current mineral resources. More work, including, but not limited to, drilling,
will be required to conform the estimates to current CIM Definition Standards. Investors are cautioned that the historical
estimates do not mean or imply that economic deposits exist on the Iron Creek property. US Cobalt has not undertaken any
independent investigation of the historical estimates nor has it independently analyzed the results of the previous exploration
work in order to verify the accuracy of the information. US Cobalt believes that the historical estimates are relevant to
continuing exploration on the Iron Creek property.
SOURCE First Cobalt Corp.
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