[ferro-alloys.com]First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to announce that results of recent drilling have further extended the strike length of the mineralized zone in the Kerr area to over 350 metres. Results to date from this recently-identified mineralized zone located south of Kerr Lake in the Cobalt North area of the Canadian Cobalt Camp confirm the area hosts a near-surface network of cobalt veins and disseminated mineralization associated with silver and nickel, as well as copper, zinc and lead.

Trent Mell, President & Chief Executive Officer, commented:

“These results have reinforced our confidence in the geological model we have developed for drill targeting in the Cobalt Camp. The Kerr area results support our thesis for the Camp that there is considerable potential for near-surface cobalt mineralization. We have extended the strike length of mineralization and established a more robust understanding of the geologic controls to cobalt mineralization that can be applied to future targeting.”

Recent drilling in the Kerr #2 target in Cobalt North has extended the length of the zone of cobalt mineralization initially recognized by First Cobalt (see March 26, 2018 and May 3, 2018 press releases) to more than 350 metres. A network of multiple veins at various orientations containing cobalt and several other metals has been intersected along with disseminated mineralization.

To date, 13 drill holes have been completed targeting the Kerr #2 mineralized zone with assay results now received from eight holes. The initial drill holes were planned using a 3D geological model based on digital compilation of historic mine workings, integrated with exploration drilling and surface bedrock geology maps of the entire Kerr area compiled by First Cobalt. At the Kerr #2 target, elevated silver was intersected by historic drilling but not developed by underground mining, so the cobalt potential in the area remains high.

Assay results from the first two holes returned, FCC-18-0021 and FCC-18-0023 collared over 160m apart, showed cobalt mineralization occurs with elevated silver including 10.4m of 0.15% Co and 44 g/t Ag. Mineralization in these two holes is considered continuous and was extended by two additional holes, FCC-18-0022 and FCC-18-0032, based on oriented drill core interpretation. The two most recent holes, FCC-18-0033 and FCC-18-0034, extend the mineralized zone from Kerr #2 an additional 150m to 350m and may be part of the vein networks developed at the Drummond Mine

The Kerr #2 target area is roughly parallel to the silver-rich vein system mined at the Kerr Lake, Lawson and Drummond Mines to the north where the vein network is extensive.

• [Editor:王可]