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Bankers Announces Completion of Share Consolidation

Corporate Actions

Bankers Cobalt Corp |Suite 1080, 789 West Pender Street, Vancouver, B.C., Canada, V6C 1H2 1

BANKERS ANNOUNCES COMPLETION OF SHARE CONSOLIDATION

Vancouver, British Columbia - (May 19, 2020) – Bankers Cobalt Corp. (TSXV: BANC; FSE:

BC2; OTCQB: NDENF) (the “Corporation” or “Bankers”) announces that further to its news

release dated April 24, 2020, announcing the Corporation’s intention to consolidate all of its issued

and outstanding common shares (each, a “Common Share”, the “Common Shares”) on the basis

of ten (10) existing Common Shares for one (1) new Common Share (the “Consolidation”), the

Consolidation will be effective May 21, 2020 (the “Effective Date”).

Bankers’ Common Shares will commence trading under the current trading symbol “BANC” at

the opening of trading on May 21, 2020 on a post-consolidated basis.

On the Effective Date, letters of transmittal will be mailed to all registered shareholders holding

share certificates with instructions on how to exchange existing share certificates for new share

certificates and a copy of the letter will be available under the Corporation’s profile on SEDAR

(www.sedar.com).

The Corporation’s news CUSIP number is 06612P200 is and its new ISIN is CA06612P2008.

About Bankers

Bankers is a natural resource company with a primary focus on the acquisition, exploration,

development and operation of cobalt and copper mineral projects in the DRC. Bankers holds rights

to nine mineral projects strategically located in the southern DRC CopperBelt. Bankers has the

intention to acquire interests in additional concessions or relinquish concessions in the normal

course of business. Bankers has an experienced management team in the southern CopperBelt of

the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.

“Stephen Barley”

Chairman & CEO

For further information:

Phone: (604-834-2968)

Email: [email protected]

Website: www.bankerscobalt.com

Reader Advisory

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.

This news release contains “forward-looking information” within the meaning of applicable securities laws including,

without limitation, statements relating to the timing and completion of the Consolidation and other factors beyond the

Corporations’ control. Although the Corporation believes considering the experience of its officers and directors, current

conditions and expected future developments and other factors that have been considered appropriate, that the

expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them

as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ

materially from those contemplated by these statements. The statements in this press release are made as of the date of

this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third

parties in respect of the Corporation its securities, or its financial or operating results.