CobalTech Mining Inc. announced the appointment of Mr. Bruce Bragagnolo, LLB as the Chairman of its Board of Directors. Mr. Bragagnolo was the co-founder and former Chief Executive Officer of Timmins Gold Corp. He was also the co-founder and the former CEO of Silvermex Resources Ltd., a silver explorer which was acquired by First Majestic Silver in 2011 for a market capitalization of $120 million. Mr. Bragagnolo is also the Chairman of the Board of Directors of Inca One Gold Corp. Spiro Kletas resigned as a director of CobalTech but has agreed to continue acting an advisor to the company to assist with the transition in the change of management.