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First Cobalt Corp.

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Summary

Project:

Iron Creek

Deposit:Iron Creek
Location:United States
Commodities:Cobalt-Copper
Date:4/5/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:5-4-2019: First Cobalt Corp. announces a Resource Estimation report for its Iron Creek deposit at the Iron Creek project. Amended mineral resource estimate for Iron Creek project. Mine Development Associates (“MDA”) has prepared this Technical Report on t
Resources:(Resource, Inf.): 29.6Mt @ 0.08% Co, 0.30% Cu for 45.4Mlbs Co, 175.4Mlbs Cu contained
CP/QP:[Resources]: Steven Ristorcelli (Mine Development Associates)
ABSTRACT:Mine Development Associates (“MDA”) has prepared this Technical Report on the Iron Creek cobalt and copper project, located in Lemhi County, Idaho, at the request of First Cobalt Corp. (“First Cobalt”), a Canadian company based in Toronto, Ontario, that is listed on the TSX Venture exchange (TSX-V: FCC), the Australian Stock Exchange (ASX: FCC) and is also traded over the counter (OTCQB: FTSSF). The purpose of this report is to provide a technical summary of the Iron Creek cobalt-copper project and public disclosure of the first formal estimate of mineral resources for the project prepared by MDA. 163BThis report and the resource estimates have been prepared in compliance with the disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43- 101”), Companion Policy 43-101CP, and Form 43-101F1, as well as with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards - For Mineral Resources and Reserves, Definitions and Guidelines” (“CIM Standards”) adopted by the CIM Council on May 10, 2014. The authors are qualified persons under NI 43-101 and have no affiliations with First Cobalt or the property, except that of independent consultant-client relationships. The effective date of this report is September 18, 2018.

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