Global Cobalt Receives Support From Russian Ambassador; Appoints Russian-Based Director To Board


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TSX.V:GCO
03/17/2014 [ACCESSWIRE]

VANCOUVER, BC / ACCESSWIRE / MARCH 17th, 2014 / GLOBAL COBALT CORP. (TSXV:GCO) ("Global Cobalt" and/or the "Company") (TSXV:GCO) announces the continued support and commitment by Russian government officials for Global Cobalt's activities in the region.

Mr. Georgiy Mamedov, Russia's Ambassador to Canada commented in a written statement on March 14, 2014: "I would like to reiterate that Russia is committed to inviting Canadian companies to invest and work in Russia. We welcome foreign investment and will work closely with mining and exploration companies as part of that strategy. Global Cobalt Corporation is the type of company that we encourage to be active in Russia and we are very supportive of the Company's efforts to be successful in its activity."

The Company is also pleased to announce the appointment of Mr. Marc Thomas, P.Eng to its Board of Directors.

"We are very pleased to welcome Marc Thomas to the Board of Global Cobalt," said Erin Chutter, President and CEO. "His strong analytical, entrepreneurial and business skills, along with his operational experience in Russia will be invaluable to the Company as we continue resource development and mine planning activities at Karakul."

"I am delighted to be asked to join Global Cobalt's board of directors, a team of experience developing quality projects such as the Karakul Cobalt Deposit," stated Mr. Thomas.

Mr. Thomas, PEng is an EU National who is fluent in Russian and has worked and traveled extensively throughout Russia and the former CIS countries for the past fifteen years. Mr. Thomas is currently the General Director and Partner in IST, a technology company representing European and American industrial equipment in the Russian marketplace and serves as Director at Imperial Mining Holding Limited. He has served in a series of leadership roles of increasing responsibility and is a high performing leader, with strategic and commercial acumen obtained from start-ups and business development in blue chip and fast growth Russian companies. Mr. Thomas has also been involved with three corporate re-structurings in the natural resource sector. He holds an MBA from INSEAD (France) and a BSc., Engineering from the Colorado School of Mines.

Global Cobalt Corporation:

Global Cobalt Corporation is a Canada-based strategic metals company focused on the development of a new mining region in the Republic of Altai. Global Cobalt will build upon the success of the Altai Projects while aggressively expanding and exploring existing properties to meet the demand for cobalt and other strategic metals.

For Further Information:

Mr. Mitchell Smith, Corporate Development

Suite 1510-1050 West Pender Street

Vancouver, BC V6E 3T4

Tel: +1 (604) 688-4219

Fax: +1 (604) 688-4215

Email: info@globalcobaltcorp.com

www.GlobalCobaltCorp.com

TSXV:GCO; FRA:3P0; CUSIP:37890F

Cautionary Statement on Forward-Looking Information: The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The shares offered will not be and have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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