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CBLT.V ·

CBLT ANNOUNCES BOARD ADDITION (Burlington, ON. September 1 1, 2 023)

Management Changes

CBLT ANNOUNCES BOARD ADDITION

(Burlington, ON. September 1 1, 2 023) CBLT Inc . (CBLT: TSX -V) (“CBLT” ) is pleased to

announce James R. Atkinson, M.Sc, P.Geo, has joined its board of directors.

Mr. Atkinson is an experienced exploration geologist and project manager with over 40 years of

experience. Mr. Atkinson has spent his career in mineral exploration, mining and environmental

attaining positions of Vice President, Exploration, Manager and Regional Manager with junior

and major mining companies. He has reviewed, evaluated and acquired projects around the

world and recently has also been part of the team responsible for mergers and acquisitions. He

has designed and managed multi -million dollar programs searching for and discovering various

commodities, including p rograms for gold, Magmatic Massive Sulphides (MMS), Platinum

Group Metals (PGM), Volcanic Massive Sulphides (VMS), porphyry copper, tin, tungsten,

molybdenum, industrial minerals and coal.

Mr. Atkinson is currently the CEO and a director of Advance United Holdings Inc. (AUHI:CSE).

“We are thrilled to have Jim join the team,” said Peter M. Clausi, CBLT’s CEO. “His global on-

the-ground experience will be invaluable.”

CONTACT INFORMATION

Peter M. Clausi

CEO and Director

1 416 890 1232

[email protected]

@ClausiPeter

Neither TSX Venture Exchange nor its Regulat ion Services Provider (as that term is de fined in the policies of the

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

This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and

its management. Forward-looking statements are not historical facts but represent management's current expectation

of future events, and can be identified by words su ch as "believe", "e xpects", "will", "intends", "plans", "projects",

"anticipates", "estimat es", “should”, "c ontinues" and similar expressions. Although management believes that the

expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will

prove to be correct or will come to pass.

By their nature, forwar d-looking statements include assumptions an d are s ubject to inhe rent risks and uncertaintie s

that could cause act ual future results, conditions, act ions or events to d iffer materially from those in t he forward-

looking statements. If and when forward-looking statements are set out in this new releas e, CBLT will also set out

the material risk fact ors or ass umptions use d to develop the forward -looking st atements. Except as expressly

required by applicabl e securities law s, CBL T assumes no oblig ation to update o r revise any forward -looking

statements. Th e futur e o utcomes tha t relate to forward -looking statements may be inf luenced by many factors,

including but not limited to; SARS-CoV-2; rel iance on key per sonnel; the perf ormance of the Ciscom Co rp.

leadership team; shareholder and regulatory approvals; the ability of Powerstone’s team to receive a receipt for its

prospectus and to achieve a listing of its common shares on a Canadian stock exchange; First Nations and other local

communities; jurisdictional r isk; risks o f fut ure legal proceedings; income tax matters; availability and terms of

financing; d istribution of s ecurities; commodities p ricing; environmental issues; forest fires a nd other natural

phenomena; rising costs relat ed to i nflation; effect of m arket intere st on price of securities; failing to i dentify an

economically viable mineral deposit; and, potential dilution.

CBLT’s operati ons could be sig nificantly adversely affected by the effects of a widespread global outbre ak of a

contagious disease, including th e recent outbre ak of illness caused by COVID-19. It is not possible to accurately

predict the impact C OVID-19 will have on ope rations and the ability of others to meet th eir obligations, including

uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease , the duration of the

outbreak, and the length of travel and qu arantine restrictions im posed by governm ents of affected coun tries. In

addition, a s ignificant outbreak of contagi ous diseases in th e human po pulation could result in a widespread health

crisis that could adversely affect the economies and financial markets of m any countries, res ulting in an eco nomic

downturn that could further affect operations and the ability to finance its operations.