Global Cobalt Corporation released further drill results from the Karakul Project in the Altai region of Russia. Drill hole highlights: drilling validates presence of expected mineralization with good correlation at depth and along strike; additional drill holes targeted untested ground intersected mineralization; mineralization remains open at depth; hole 208 intersected 0.481% Co (1.643% CoEq.) over 1.30m; hole 209 intersected 0.240% Co (0.581% CoEq.) over 2.10m; hole 203 intersected 0.311% Co (0.516% CoEq.) over 1.50m. Drill holes 207, 208 and 209 were drilled in the central area of the deposit, proximal to the adit area, and were targeted to validate mineralized zones as predicted from historic drilling on neighboring sections.

Section 41-5 had previously not been drilled during any previous drilling program. Drill hole 206 targeted untested ground between historic drill holes KK062 (3.9m @ 0.147% Co, 1.138% Cu and 0.083% Bi) and KK063 (9.1 m @ 0.151% Co, 0.127% Cu and 0.072% Bi). Drill holes 203, 204 and 205 were drilled to provide continuity and increased drill density on Section 42-5 that had not been previously drilled.

The company looks forward to receipt of the final set of drill hole results from the 2013 program. Final selection is underway of appropriate environmental consultants to direct the Environmental Impact Assessment (EIS) necessary for permitting under the Russian regulatory system.