Cobalt Blue Holdings Limited : - Strategic Financial Advisor Appointed

Cobalt Blue's Chief Executive Officer, Joe Kaderavek said: 'COB selected Cutfield Freeman given their extensive experience and reach as a global financial advisor to junior mining companies.'

Tony Butler, Managing Director of Cutfield Freeman in London, stated: 'Broken Hill is a strategically important cobalt asset, which is set to be among a new wave of environmentally and socially responsible cobalt producers. We are excited about working with management to deliver the right financing solution for the project.'

The appointment of Cutfield Freeman and the commencement of this Strategic Financial Advisory mandate represents another major step forward in the development of COB's Broken Hill Cobalt Project (BHCP).

Strategic Financial Advisor Appointed

The role of Strategic Financial Advisor includes: a Global Project Partner Search - search for and engage with project partners.

A Financial Advisory - identify potentially viable funding options and execution plans.

A Capital Raising - identity and source providers of senior and junior debt, and alternative financing

Cobalt Blue Background

Cobalt Blue Holdings Limited (ASX: COB) is an exploration and project development company. Work programs advancing the Broken Hill Cobalt Project in New South Wales continue. Our ambitious goals are subject to funding availability. Cobalt is a strategic metal in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems. Looking forward, we would like our shareholders to keep in touch with COB updates and related news items, which we will post on our website, the ASX announcements platform, as well as social media such as Facebook and LinkedIn. Please don't hesitate to join the 'COB friends' on social media and to join our newsletter mailing list at our website.

Contact:

Joe Kaderavek

Tel: [phone]

Email: [e-mail]

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