64NORTH OPERATIONS UPDATE - DRILLING PREPARATIONS CONTINUE

Executive Summary

Road construction to the Aurora Creek Prospects has reached priority drill targets.
A water well contractor has commenced drilling a water bore for a diamond core drilling program planned for Q1 2020.
Q1 2020 - winter drilling program has all necessary drill permits in place.
An infill geophysics survey (ELF-EM) to refine drilling targets at Aurora Creek Prospects has commenced.
New compilation of eight historic geophysical magnetic data sets shows Pogo look-alike signatures.
Historic drill core from the ER and Eagle Prospects has been recovered, which will be geologically logged and geochemical analysis undertaken, to assist the Company in defining the various regional mineral systems and prioritising prospects.
Detailed planning of the 2020 field programs, final due diligence on the project is ongoing under the one hundred day exclusive option period.

“The unique logistical advantage we have with the all year access Pogo Gold Mine road through our project is a massive advantage over the usual helicopter hungry Alaskan projects”; “our team on the ground remains undaunted by the cold conditions and road construction is continuing to secondary drill targets” – Duncan Chessell, Managing Director – Northern Cobalt.

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