Canada Cobalt Shareholders Overwhelmingly Vote in Favor of Name Change

Canada Cobalt Shareholders Overwhelmingly

Vote in Favor of Name Change

ROUYN NORANDA, QC

,

May 8, 2020

/CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC:

CCWOF) (

Frankfurt

: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that

shareholders in a Special Meeting yesterday voted 99.92% in favor of changing the Company's

name to Canada Silver Cobalt Works Inc. in order to better reflect its immediate and longer-term

direction.

The name change is expected to be effective in the coming days, pursuant to filing Articles of

Amendment and subject to TSX Venture Exchange approval, followed by a major update on

company activities including the high-grade silver discovery at Castle East next to three significant

past producers. There will be no change in the company's stock symbol.

Matt Halliday

, VP-Exploration, commented: "Work continues at Castle East, with all necessary

precautions during the COVID-19 pandemic, and we look forward to a major ramping up of activity

this quarter as we further position CCW as the leading silver-cobalt company in

Canada's

silver-

cobalt heartland."

About Canada Cobalt Works Inc.

Canada Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration

upside for silver, cobalt, nickel, gold and copper in the prolific past producing

Gowganda

high-grade

Silver District of

Northern Ontario

. With underground access at Castle, a pilot plant to produce

cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-

2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC)

formulations, Canada Cobalt is strategically positioned to become a vertically integrated North

American leader in cobalt extraction and recovery while it also exploits a powerful new silver-gold

market cycle.

"Frank J. Basa"

Frank J. Basa

, P. Eng.

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service 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 including but not limited to

comments regarding the timing and content of upcoming work programs, geological interpretations,

receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements

address future events and conditions and therefore, involve inherent risks and uncertainties. Actual

results may differ materially from those currently anticipated in such statements.

SOURCE

Canada Cobalt Works Inc.

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http://www.newswire.ca/en/releases/archive/May2020/08/c9217.html

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For further information:

Frank J. Basa, P.Eng., President and CEO, 1-416-625-2342; Marc

Bamber, Director, [email protected], +44-7725-960939

CO: Canada Cobalt Works Inc.

CNW 16:15e 08-MAY-20