Global Cobalt Corporation (TSXV:GCO) is currently under way on a review of the company's business and alternatives in order to protect value for its shareholders. The strategic review will encompass a careful evaluation of the Global Cobalt's existing properties and projects, business plan, development strategy and capital structure and will consider various alternatives for it. The Board of Directors has established an ad hoc committee to oversee the strategic review and will then recommend options to shareholders.

It is the management's current intention not to disclose developments with respect to the strategic review process until the Board of Directors approve a specific action or it otherwise concludes pursuant to legal counsel's written opinions its review of strategic alternatives and determines that disclosure is necessary or appropriate.