Cobaltech Appoints New Chief Financial Officer

CobalTech Mining Inc.

77 King St W #400

Toronto, ON M5K 0A1

www.cobaltechmining.com

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO

U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

COBALTECH APPOINTS NEW CHIEF FINANCIAL OFFICER

Toronto, ON , March 22, 2017 – COBALTECH MINING INC . ( TSX-V: CSK FSE: 9BN1 WKN:

A2DG59 OTCMKTS: BNCIF ) (the “Company ”) announces that Mr. Christopher P. Cherry will

assume the role of Chief Financial Officer ("CFO").

Mr. Cherry has over 15 years of corporate accounting and audit experience. Mr. Cherry has extensive

corporate experience and has held senior level positions for several public mining companies including

Director, Chief Financial Officer, and Secretary. Mr. Cherry has been a Chartered Accountant since

February 2009 and a Certified General Accountant since 2004. In his former experience as an auditor, he

held positions with KPMG and Davidson and Co. LLP in Vancouver, where he gained experience as an

auditor for junior public companies, and an IPO specialist. Mr. Cherry replaces Mr. Bryce Clark as CFO.

The Company would like to thank Mr. Clark for his services and dedication while in the role of CFO of

the Company. Mr. Cherry will be play a more active role as CFO and is able to devote more time to the

Company to support the Board of Directors.

Contact Person: Mr. Antoine Fournier | President & CEO

Telephone: (819) 354-5215

Email: [email protected]

About CobalTech

CobalTech Mining Inc. is a North American cobalt company with assets in Ontario, Canada. The company owns

the Duncan Kerr Property located outside of Cobalt, Ontario, in an area known for its geological setting responsible

for unique mineralization composed of quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic. The

company is committed to operating within the strict environmental, health, and safety framework governed by the

e3 Plus regulation put forth by the Prospectors & Developers Association of Canada (PDAC).

ON BEHALF OF THE BOARD

(signed) “Antoine Fournier”

Antoine Fournier

Chief Executive Officer

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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.