CobaltTech to Merge with First Cobalt

CobalTech Mining Inc., First Cobalt Corp.

TORONTO, ONTARIO--(Marketwired - June 26, 2017) - First Cobalt Corp. ("First Cobalt") (TSX VENTURE:FCC)(OTCQB:FTSSF) and CobalTech Mining Inc. ("CobalTech") (TSX VENTURE:CSK) are pleased to announce that following the non-binding letter of intent announced on June 21, 2017, both parties subsequently signed a binding letter of intent on June 23, 2017, pursuant to which First Cobalt intends to acquire all of the issued and outstanding common shares of CobalTech by way of a court approved plan of arrangement (the "Arrangement").