Global Cobalt Corporation announced that Erin Chutter, Raymond Castelli, Gaston Reymenants, Paul Sarjeant and Peter Reynolds have resigned as directors or, if applicable, as directors and officers of the Company. Alexander Ordanian, Stanley Swartz and Andrey Melnikov will continue as directors of the Company. Effective January 21, 2016, Erin Chutter and Oleg Scherbina will resign as President & CEO and CFO respectively.

A new executive management team will be announced in due course.