Fuse Cobalt Announces Forward 2:1 Share Split

1220-789 West Pender St

Vancouver BC V6C 1H2

Phone : (236) 521-0207

FuseCobalt.com

Fuse Cobalt Announces Forward 2:1 Share Split

PRESS RELEASE

Vancouver, BC – June 3, 2020 – Fuse Cobalt Inc. (“the Company“ or “Fuse”) (TSXV: FUSE, OTCQB:

WCTXF FRA:43W2 is pleased to announce that as permitted by the Company’s Articles, the Board

of Directors of the Company has approved and will proceed with a forward share split of its

outstanding common shares on the basis of two (2) new shares for every one (1) old share (the

“Forward Split”). The record date for the Forward Split will be Wednesday, June 10, 2020, subject

to TSX Venture Exchange approval.

The Company believes that having a greater number of common shares at a reduced price will

enhance long-term liquidity and increase investor interest in the Company and its business.

Currently the Company has 33,168,283 common shares issued and outstanding and following the

Forward Split, the Company will have 66,336,566 common shares issued and outstanding. The

Company’s name, CUSIP number and trading symbol will remain the same.

All outstanding stock options and share purchase warrants will be adjusted on the same split ratio

and the respective exercise prices will be adjusted accordingly.

Shareholders of the Company do not need to take any action with respect to the Forward Split. The

Company’s transfer agent, Odyssey Trust Company, will send registered shareholders a Direct

Registration System advice (DRS) representing the additional number of shares to be received as a

result of the Forward Split.

About Fuse Cobalt Inc. www.fusecobalt.com

Fuse Cobalt Inc. is a Canadian based exploration company that trades under the symbol FUSE on the

TSX Venture Exchange. The Company’s focus is on exploration for high value metals required for the

manufacturing of batteries.

Ontario Cobalt Properties: Fuse owns a 100% interest its Glencore Bucke Property, situated in

Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production

royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along

the west boundary of Fuse’s Teledyne Cobalt Project. The Company also owns a 100% interest,

subject to a royalty, in the Teledyne Project which consists of 785 hectares of land and is also located

near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that

hosted the Agaunico Mine, a former producer of both silver and cobalt.

On Behalf of the Board of Directors

“Robert Setter”

Robert Setter, President &CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking

statements which include, but are not limited to, comments that involve future events and conditions, which are subject to

various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming

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work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are

forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary

materially from those statements. General business conditions are factors that could cause actual results to vary materially

from forward-looking statements.