Cobalt Power Group Inc. Announces Non-Brokered Flow-Through Private Placement

Cobalt Power Group Inc. Announces Non-Brokered Flow-Through Private

Placement

TSX.V: CPO

VANCOUVER, Oct. 12, 2017 /CNW/ - Cobalt Power Group Inc. (TSX.V: CPO) wishes to announce that it

has arranged a non-brokered flow-through private placement of up to 5,000,000 flow-through shares ("FT

Shares") of the Company at a price of $0.16 per FT Share for total gross proceeds of up to

CDN$800,000.

The securities issued pursuant to the private placement will be subject to a four month hold period fr om

the closing date.

Finder's fees may be payable in whole or part on the private placement in accordance with the policies of

the TSX Venture Exchange.

The proceeds of the Offering to be raised will be used by the Issuer for an exploration program on the

Issuer's Canadian cobalt mineral properties. The private placement is subject to final approval by the TSX

Venture Exchange (TSX.V).

About Cobalt Power Group Inc.

Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture

Exchange (TSX-V: CPO) focused on exploration and de velopment of prospective cobalt exploration

properties.

On behalf of the Board of Directors

_________________________________

Dr. Andreas Rompel, President and CEO

Cobalt Power Group Inc.

We seek safe harbor.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed

transaction and has neither approved nor disapprove d the contents of this press release.

Forward Looking Information

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or

accuracy of the content of this News Release. WARNI NG: The Company relies on litigation protection for

`forward looking" statements. Actual results could differ materially from those described in the news

release as a result of numerous factors, some of which are outside the control of the Company. This

news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in

the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act') or any state securities laws and may not be

offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securitie s Act

and applicable state securities laws or an exemption from such registration is available.

SOURCE Cobalt Power Group Inc

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http://www.newswire.ca/en/releases/archive/October2 017/12/c5347.html

%SEDAR: 00029608E

For further information: Dr. Andreas Rompel, President & CEO or Judy A. McC all, Corporate

Secretary at: 604.620.7737. The company's profile m ay also be viewed on www.sedar.com.

CO: Cobalt Power Group Inc

CNW 06:00e 12-OCT-17