First Cobalt to Acquire 70% Interest in 190 Square Kilometres in the DR Congo

TORONTO, ONTARIO--(Marketwired - May 1, 2017) - First Cobalt Corp. (TSX VENTURE:FCC) ("First Cobalt" or the "Company") is pleased to announce that it has signed an exclusive letter of intent with an associate of Madini Minerals ("Madini"), to form a strategic alliance and earn a controlling interest over seven prospective copper-cobalt ("Cu-Co") exploration properties covering 190 square kilometres ("km") in the Democratic Republic of the Congo (the "DRC").