CobalTech Welcomes New Director

TORONTO, ON--(Marketwired - May 03, 2017) - COBALTECH MINING INC. (TSX VENTURE: CSK) (FRANKFURT: 9BN1) (WKN: A2DG59) (OTC PINK: BNCIF) (the "Company") announces the results of its shareholders' annual general meeting held on April 28, 2017. Management nominees Bruce Bragagnolo, Antoine Fournier and Erik Ostensoe were elected at the meeting. Subsequent to the meeting, the Board of Directors appointed Alexander Peter Tsakumis as a director of the Company to fill a vacancy. The Company would like to thank outgoing director Alex Bayer for his service to the Company.