Cobalt Power Group Reports 1.7% Cobalt, with Significant Additional Battery Component Metals, from Successful Drill Program at Smith Cobalt Project, Ontario

Cobalt Power Group Inc. (the “Company”) (TSX.V: CPO, OTC Pink: CBBWF) is pleased to report positive results from the Phase 1, 9-hole, 1,896 m (6,220 ft.) drill program at its Smith Cobalt project in Cobalt, Ontario.

As quoted in the press release:

“We have attained our primary objective for the drill program: to verify the trace of the vein swarms mapped from historical mine workings.  From the old mine data, we know that cobalt and silver grades within the veins are highly variable and contain an extreme nugget effect. This has been verified by extensive outcrop sampling,” Chris M. Healey, P.Geo and VP Exploration, comments. “We intersected several zones with high-grade cobalt and silver. Adding even more potential for this property is the fact that we encountered zones of base metal mineralization (Cu, Ni, Zn) as well.”

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