Edison Arranges Private Placement

TSX VENTURE EXCHANGE: EDDY NEWS RELEASE OTCMARKETS: EDDYF FRANKFURT: VV01

EDISON ARRANGES PRIVATE PLACEMENT

Vancouver, British Columbia – May 27, 2021 – Edison Cobalt Corp (“Edison Cobalt” or the "Company")

(TSX-V: “EDDY”) announces it has closed the previously announced (05-18-21) non-brokered private placement for aggregate gross proceeds of $108,000 through the issuance of 800,000 units at a price of $0.135 per unit.

Each unit consisted of one common share and one warrant. Each warrant entitle the holder to acquire one common share of the company at a price of $0.18 per common share for a period of 24 months following the date of issuance.

In connection with the Offering, the Company paid finders' fees of $7560.00 in cash and issued 56,000 finders warrants. The Finders' Warrants have the same terms as the warrants forming part of the above units.

All securities to be issued pursuant to the above private placement are subject to a four-month hold period expiring on September 29, 2021, in accordance with applicable securities legislation. Proceeds of the private placement will be used for work on the Company's mineral properties and general working capital.

About Edison Cobalt Corp.

Edison Cobalt Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals. Edison Cobalt Corp.’s acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company is looking to build a portfolio of quality assets capable of supplying critical materials to the battery industry. The Company intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.

On behalf of the Board of Directors: For more information please contact:

“Nathan Rotstein” Tel: 416-526-3217 Nathan Rotstein Email: [email protected] Chief Executive Officer, Director Website: www.edisoncobalt.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Suite 820, 1130 West Pender Street, Vancouver, BC V6E 4A4 Tel: 416-526-3217 / Fax: 888-909-1033 / www.edisoncobalt.com