M2 Cobalt Corp. (the “Company”) (TSXV: MC) is pleased to announce that results from rock and soil sampling and high-resolution ground magnetics have confirmed the discovery of a large scale nickel-cobalt-copper anomaly at Bombo, one of the Company’s principal exploration targets at its Bujagali Licenses in South-Central Uganda.

 The soil samples collected at Bombo delineate a well-defined nickel, cobalt, and copper anomaly of approximately 1,200 metres by 900 metres. The soil anomaly closely mimics a well-defined magnetic high confirmed by high resolution ground magnetics carried out by the Company’s ground geophysics teams.

 Soil samples which form the anomaly comprise: ninety-one samples with more than 101 parts per million nickel (“ppm Ni”) including 13 samples with between 0.1 per cent nickel (“% Ni”) and 0.16% Ni; 86 samples with more than 100 ppm cobalt (“ppm Co”) including eight samples with between 206 and 416 ppm cobalt; and, elevated platinum, palladium and chromium in soils coincidental with the nickel anomaly. In addition to the soil samples, rock grab samples contain anomalous nickel (0.15% Ni) anomalous cobalt (0.14% to 0.65% Co) and, anomalous copper (0.05% to 0.4% Cu). The results are believed to be indicative of ultramafic host rocks containing sulphides. Anomalous rock samples were either breccias or ultramafic rocks. A map providing more details on the results can be found on M2 Cobalt’s web site www.m2cobalt.com/index.php/projects/bujagali. Table 1 below shows the rock grab sample highlights.