Quantum Cobalt Announces Settlement with Mr. David Schmidt
NEWS RELEASE
March 20, 2020
QUANTUM COBALT ANNOUNCES SETTLEMENT WITH MR. DAVID SCHMIDT
Vancouver, British Columbia – Quantum Cobalt Corp. (CSE: QBOT; OTC: BRVVF; FRA: 23B)
(“Quantum” or the “Company”) announces that it has entered into a settlement agreeme nt with
its former director and chief executive officer, Mr. David Schmidt.
The terms of the settlement are confidential, save and except the terms are satisfactory to the
Parties. The Company has provided Mr. Schmidt a full and final release.
QUANTUM COBALT CORP.
“David Greenway”
_______________________
David Greenway, CEO and Director
Contact Information:
400 – 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Tel.: 604.283.1722 / Fax: 1.888.241.5996
Forward-Looking Informatio n This news r elease includes certain stat ements that may be deemed "forw ard-looking
statements". All statements in this release, other than statements of histo rical facts, that address events or developments that
Quantum Cobalt Corp. (the "Company") expect s to occur, a re forward-looking statement s. Forward-looking statements a re
statements t hat a re not historical facts and are generally, but not always, identifi ed by the wor ds "expect s", "plans",
"anticipates", "believes", "intends", "estimates", "projects" , "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes the expect ations expressed in suc h forward-
looking statements are ba sed on reasonable assumptions, such sta tements are n ot guarantees of future perf ormance and
actual results may differ materially from those in the forward -looking statements. Factors that could caus e the actual results to
differ materially from thos e in fo rward-looking statements include market prices, exploitation and exploration suc cesses, and
continued availabil ity of capital and f inancing, and general economic, market or business conditions. Inve stors are cau tioned
that any such statements are no t guarantees of future performance and actual results or de velopments may differ materi ally
from those projected in the forward -looking statements. Forward-looking statements are based on the beliefs, esti mates and
opinions of the Company's management on the date the statements are made. Except as req uired by applicable securities laws,
the Company undertakes no obligation to updat e the se fo rward-looking statements in t he event that management's beliefs,
estimates or opinions, or other factors, should change.