Global Cobalt Corporation reported the most recent results from the Winter 2013 diamond drill program at the Karakul Cobalt Project that continue to duplicate and support a metal zonation geological model that demonstrates Karakul Cobalt Deposit includes high grade cobalt, high grade copper and higher grading tungsten and bismuth zones than previous work had indicated. Karakul Western Zone - NW Extension, Drill holes 193 and 194 where drilled on section 54-4 skewed to test for the extension of mineralisation 100m south from section 54-8 skewed where intersections in historic drill holes KK028 (11.8m at 0.749% Co, 0.414% Cu, 0.231% Bi and 0.031% WO3), KK078 (10.4m at 0.171% Co, 0.023% Cu, 0.03% Bi and 0.026% WO3), KK079 (15.9m at 0.127% Co, 1.179% Cu, 0.059% Bi and 0.276% WO3) and KK120 (23.3m at 0.120% Co, 0.133% Cu, 0.016% Bi and 0.199% WO3) outlined a thick zone of polymetallic mineralisation. Drill holes 193 and 194 were also drilled in an attempt to explain relatively weak mineralisation in KK036 (5.0m at 0.003% Co, 0.030% Cu and 0.08% WO3) on Section 54-4 skewed.

The key intercepts in drill holes 193 (45.3m to 51.9m) and 194 (77.7m to 83.8m) correlate well on section and demonstrate the mineralised zones persists south to Section 54-4 skewed. Intercepts in drill holes 193 and 194 show little correlation with historic drill hole KK036 (on section) and confirms structural complexity of the area. Further, closer spaced drilling is required for greater understanding.

Drill hole 181 was drilled 400m to the north of section 54-4 skewed and did not intersect any significant results. Karakul Western Zone - South Adit Area Drill hole 213 was drilled to confirm and extend mineralised zone in Soviet era historic drill hole KK022 (8.6m at 0.102% Co, 0.579% Cu and 0.167% Bi). Mineralisation at 108.40m to 117.70m appears to spatially correlate well with the primary historical intercept in KK022.

Results provide up dip confirmation of the mineralised zone - approximate 100m separation on section. Deepest intercept in historic drill hole KK022 shows good grades and demonstrate mineralised zones remain open at depth. Drill holes 214 and 215 were drilled to test extension of mineralised zones on this section that had not been previously drilled from surface.

Both drill holes were targeted to trace mineralisation encountered in horizontal underground historic drill holes KK115 (no significant results) and KK116 (8.6m at 0.039% Co, 0.299% Cu and 0.013% Bi and 3.0m at 0.10% Co and 0.01% Cu). The key mineralised zones are represented in drill hole 214 by intercepts at 88.40m to 91.40m and 94.1m to 94.9m and they correlate well with the mineralised zone defined in KK116. Mineralisation intercepted in drill hole 215 at 195.9m to 198.2m appears to extend the mineralised zone to depth approximately 80m down dip from historic drill hole KK116.

Overall, drill hole results indicate that mineralised zones are present as predicted, though grade variability is evident with lower cobalt grades but stronger copper and bismuth grades as compared to historic results. Mineralisation remains open to depth with deepest intercept in drill hole 215 exhibiting strongest overall grades. Drill hole 216 was targeted to confirm and extend mineralisation in historic drill hole KK136 (6.7m at 0.102% Co, 0.484% Cu and 0.024% Bi).

Drill hole 216 successfully intercepted mineralisation from 237.1m to 242.0m and correlates well with the location of the main mineralised zone identified in KK136. The deepest intercept in drill hole 216 is approximately 220m below surface. Mineralisation remains open to depth.

Results appear to confirm interpretation of mineralised zones.