CCW Announces Effective Date of Name Change to "Canada Silver Cobalt Works"

CCW Announces Effective Date of Name

Change to "Canada Silver Cobalt Works"

COQUITLAM, BC

,

May 14, 2020

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

CCWOF) (

Frankfurt

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

to its news release dated

May 8, 2020

, the TSX Venture Exchange has approved the name change

to "

Canada Silver Cobalt Works Inc.

".

The Company's shares will commence trading effective at the opening on

Tuesday, May 19, 2020

,

under the new name and current stock symbol "CCW". The Company's CUSIP number will not

change.

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.

View original content:

http://www.newswire.ca/en/releases/archive/May2020/14/c0724.html

%SEDAR: 00022378E

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 07:30e 14-MAY-20