/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRES./
TSX.V: CPO, Pink Sheets: CBBWF
TORONTO, May 2, 2018 /CNW/ - Cobalt Power Group Inc.
("Cobalt Power" or the "Company") (TSX.V: CPO, OTC Pink: CBBWF) is
pleased to announce the appointment of Mr. Greig Hutton, P. Eng., MSc (Geology) as
President and CEO.
Mr. Hutton has over 20 years of experience in mining and
business development, and has worked as a mining analyst with a
focus on energy metals, including cobalt. He has worked for a
number of resource companies including McIntyre Porcupine
(Timmins, ON), Inco (Thompson, MB) and Syncrude (Ft. McMurray, AB).
Mr. Hutton has a Masters of Science in Geology from the
University of Western Ontario.
Mr. Hutton has served as a director of numerous companies
including Continuum Resources Ltd., Arco Resources Corp. and Atomic
Minerals Ltd.
Mr. Hutton will be replacing Dr. Andreas
Rompel following his resignation as CEO, President and
Director. The board of directors wish to thank Dr. Andreas
for his service in advancing the Company's cobalt projects.
"Greig has a wide range of management skills and also strong
board experience which will help guide the company through the next
stage of exploration and development in the Cobalt, Ontario region," stated Chris Healey, VP Exploration, Director. "The
next phase of exploration and development will benefit greatly from
Greig's extensive mining background."
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian
exploration company listed on the TSX-Venture Exchange and U.S.
Pink Sheets (TSX-V: CPO, OTC Pink: CBBWF) focused on cobalt
exploration and development. The Company has made a series of
strategic property acquisitions over the past two years seeking
cobalt mineralization near Cobalt,
Ontario, a region with a long history of silver and
associated cobalt production. Property holdings total approximately
8,736 hectares (21,600 acres) in contiguous and strategic claim
blocks. There are several historic mining operations on the
properties that are potentially accessible, including the Smith
Cobalt shaft and its underground workings.
The TSX Venture Exchange Inc. nor its Regulation Service
Provider accepts responsibility for the adequacy or accuracy of the
release and has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents
of this press release.
We seek safe harbor.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release. WARNING: The Company relies on litigation protection
for "forward-looking" statements. Actual results could differ
materially from those described in the news release as a result of
numerous factors, some of which are outside the control of the
Company. This news release does not constitute an offer to sell or
a solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Cautionary Statement on Forward-Looking
Statement
Certain information contained in this news release, including
information as to our strategy, projects, plans or future financial
or operating performance and other statements that express
management's expectations or estimates of future performance,
constitute "forward-looking statements". Actual results may differ
materially from those indicated by such statements. All statements,
other than historical fact, included herein, are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements.
In connection with the forward-looking information contained in
this news release, CPO has made numerous assumptions. While CPO
considers these assumptions to be reasonable, these assumptions are
inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could
cause CPO's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information contained herein.
A more complete discussion of the risks and uncertainties facing
CPO is disclosed in CPO's continuous disclosure filings with
Canadian securities regulatory authorities at www.sedar.com. All
forward-looking information herein is qualified in its entirety by
this cautionary statement, and CPO disclaims any obligation to
revise or update any such forward-looking information or to
publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future
results, events or developments, except as required by law.
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SOURCE Cobalt Power Group Inc