LiCo Energy Metals Inc. provided an initial report on the mineral assay results that have been recently returned from 5 of 33 holes completed on its 2018 Diamond Drilling Exploration Program on its Glencore-Bucke and Teledyne Cobalt Properties (the "Ontario Cobalt Properties") located in Cobalt, Ontario. During the late fall of 2018, LiCo completed a total of 4,272 m /14,016 ft. of diamond drilling in 33 holes on both the Glencore-Bucke and Teledyne Cobalt Properties: 2,559 m /8,396 ft. were completed in 24 drill holes on the Glencore Bucke Property, and 1,713 m /5,620 ft. in 9 drill holes on the Teledyne Cobalt Property. On the Glencore-Bucke Property, drill holes GB18-22 to GB18-40 (assays pending) tested the Northwest and Main Zones with the intent of intersecting mineralized zones along strike and vertically above and below previous intersections reported in the 2017 drilling program completed on the same properties. To the east of the Main Zone, a single hole (GB18-41) was completed to test for mineralization at depth beneath a historical trench and intersected anomalous cobalt mineralization. To the south, drill holes GB18-42 to GB18-45 were completed in a fence 200 m south of recent drilling on the Main and North West Zones (2017 and 2018 LiCo) in an area where no known historical drilling has been completed. Highlights from diamond drill holes GB18-41 to GB18-45 includes GB18-44 0.26 % Co, 1.16% Cu over 3.15 m from 110.60 to 113.75 m, including 0.57% Co, 0.27% Cu over 0.65 m from 110.60 to 111.25 m. GB18-44 0.17% Co, 4.21% Cu over 1.65 m from 113.00 to 114.65 m. GB18-45 0.43% Cu, 1.04% Zn over 7.90 m from 104.00 to 111.90 m, including 2.01% Cu, 0.55% Zn. over 0.70 m from 109.00 to 109.70 m. LiCo Energy Metals Inc. has implemented a quality assurance/quality control (QA/QC) program for both the Glencore-Bucke and Teledyne Property drill programs. Diamond drill cores were logged, and where marked for sampling, split in half, with one half placed in a labelled sample bag, and the remaining half placed back into the core tray and stored in a secured compound. A blank and a standard were inserted in the assay sampling sequence at every 26 th and 27th place respectively. All samples were shipped to Activation Laboratories in Ancaster, Ontario. Each sample was coarsely crushed and a 250 g aliquot is then pulverized and made ready for analysis. A 0.25g portion of the pulverised material is digested with a near total digestion (4 acid) and then analyzed using an ICP. QC for the digestion is 14% for each batch, 5 method reagent blanks, 10 in-house controls, 10 samples duplicates, and 8 certified reference materials. An additional 13% QC is performed as part of the instrumental analysis to ensure quality in the areas of instrumental drift. If over limits for Cu, Pb, Zn, and Co are encountered, a sodium peroxide fusion, acid dissolution followed by ICP-OES is completed. Where Ag over limits, a four-acid digestion is completed followed by ICP-OES.