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Former LG Chem Power CEO, Prabhakar Patil, Joins Cobalt 27 AdvisoryBoard


June 5, 2017

Toronto, Ontario.  June 5, 2017 – Cobalt 27 Capital Corp. (TSX.V – KBLT) (the “Company” or “Cobalt 27”) announces that Dr. Prabhakar Patil has joined the Company’s Advisory Board.

Dr. Patil served as the CEO of LG Chem Power Inc. (LGCPI), the North American subsidiary of lithium-ion battery maker, LG Chem (LGC), Korea from 2005 until 2015.  During that period he was responsible for the strategic direction, business development, engineering, and manufacturing activities.  He later served as Senior Advisor to LGCPI until December of 2016.

Prior to joining LGCPI in 2005, Dr. Patil spent his entire professional career of 27 years at the Ford Motor Company in various engineering and management positions.  He served as chief engineer for Ford’s hybrid technologies during 2003 and was also chief engineer for the Ford Escape hybrid from 1998 to 2003.

Dr. Patil received his undergraduate degree from the Indian Institute of Technology, Bombay, and his PhD in Aerospace Engineering from the University of Michigan, Ann Arbor.  He has 18 patents, published 27 articles and received the Henry Ford Technology Award in 1991 for his work in Electric Vehicle Powertrain Development.  He was elected a Fellow by the Society of Automotive Engineers (SAE) in 2007.

Dr. Patil joins Robert Mitchell, Phil Day, Andrew Ferguson, Stephen Gill, Vincent Metcalfe, Mark Selby and Neil Warburton on the Company’s Advisory Board.

About Cobalt 27 Capital Corp.

Cobalt 27 Capital Corp. is a minerals company that offers pure-play exposure to cobalt, an integral element in key technologies of the electric vehicle and battery energy storage markets.  The Company intends to acquire and hold physical cobalt, as well as manage and grow a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt.

Neither the 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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