Bankers Cobalt Corp. (TSX-V: BANC.V) (OTCQB: NDENF) Breaking News - May 2, 2018

BANKERS DRILLS 3.69% COPPER OVER 6 METERS EXTENDING NEAR-SURFACE HIGH-GRADE DISCOVERY AT KABOLELA NORTH

VANCOUVER, British Columbia - May 2, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTC:NDENF) (the “Corporation” or “Bankers”) is pleased to announce the appointment of Grant Dempsey as President and Chief Operating Officer and discloses strategic relationship initiatives in the Democratic Republic of Congo (DRC). Stephen Barley will remain as Chairman and CEO.

Grant Dempsey Highlights:

ŸMechanical and Electrical Engineer with over 40 years of experience in all aspects of mining with 13 years’ experience in the DRC
 

ŸOne of the most respected senior mining executives in the DRC with strong relationships within the DRC mining community
 

ŸUp until this appointment, was the technical advisor to the Board of Directors of Gecamines, the DRC government owned mining company
 

ŸPresident of Boss Mining (located 3 kms from the Bankers’ Kabolela project) and Frontier operations owned by Eurasian Resources Group from June 2015 to December 2016 where he was instrumental, through plant expansion, in increasing copper cathode production by 70% and reducing operating costs by 42%
 

ŸCEO of Shalina Resources’ Chemaf project from April 2012 to August 2013 where he was responsible for implementing all required processes and certifying resources, satisfying due diligence requirements for the sale of the organization
 

ŸSeptember 2010 to March 2012 was simultaneously, Managing Director of Metorex DRC, Ruashi Mining and Kinsenda owned by Metorex (Pty) Limited and created Ruashi Mining from exploration through to construction, financing and operations. Included was the construction and operation of a Flotation Plant, Acid Plant, Solvent Extraction and Leach Plant, producing both cobalt and copper
 

ŸRecipient of the Gold Medal of Merit from the government of the DRC for adding positive sustaining value to the country

 Kevin Torudag, President of Bankers DRC states, “We are extremely pleased to have a person with Grant’s background and integrity join Bankers. Grant understands every aspect of mining in the DRC from exploration through to operating and financing of projects. He has an extensive network of relationships at all levels in the mining sector and will be a driving force behind our strategic initiatives. The dynamics in the cobalt and copper space in the DRC are undergoing a rapid change. Land speculation is escalating, and with a limited supply of properties, this is an impetus for DRC processors to commence a dialogue with Bankers. Bankers has a secure and clean portfolio as well as a proven exploration team and these unique value drivers are attractive to the processors.”

Grant Dempsey, President and COO states, “I am excited to join the Bankers team and assist with all aspects of the business in the DRC. Bankers has an attractive portfolio of 26 projects that would be very difficult to replicate and has built an efficient and effective operating team in Lubumbashi that has proven their ability to execute their business plan. Bankers is uniquely positioned to create value either as a stand alone or in conjunction with other parties who require quality properties and exploration expertise, both being in short supply in this country. This is a powerful combination of  a superior land package, a strong operating team, and the relationships we have in the DRC mining community.”

 
Strategic Relationships

The Corporation has been approached by various strategic groups focused on cobalt and copper in the DRC. The scope of strategic discussions is broad and could include, but not be limited to, a strategic investment in Bankers by third parties, joint venture arrangements, the sale of all or a portion of Corporation’s projects, a sale of Bankers, a business combination with another entity, or some combination of the foregoing.   At present, there can be no assurance as to what, if any, strategic relationships might be pursued by the Corporation. Bankers does not intend to disclose further details with respect to its strategic relationship discussions unless, and until, the board of directors of Bankers has approved a specific transaction or otherwise determined that further disclosure is warranted.

About Bankers

Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. As battery production for EV’s surges, demand for cobalt will probably exceed supply for many years. According to a recent report by Transparency Market Research, global sales of lithium-ion batteries are expected to reach US$70B by 2024, for a compound growth rate of 11.6% over the years beginning in 2016. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored. Bankers has an experienced operations team operating in the southern CopperBelt of the DRC. Bankers believes it is the front runner in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.

 “Stephen Barley”
Chairman & CEO

For further information:

Phone: 604.684.6730
Email: info@bankerscobalt.com
Website: www.bankerscobalt.com

 Reader Advisory 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

For further information:
Phone: +1-604-684-6730
Email: info@bankerscobalt.com
Website: http://www.bankerscobalt.com

SOURCE Bankers Cobalt Corp.

Bankers Identifies New Cobalt and Copper Targets in DRC

VANCOUVER, British Columbia - April 11, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTCQB:NDENF) (the “Corporation” or “Bankers”) is pleased to provide an update on new cobalt and copper targets identified at the Comipad-Comima and Kankutu projects in the Democratic Republic of Congo (DRC).

Highlights:

Recent trenching at Kankutu discovers a 3km strike of Mine Formation (Roan 1-2) series rocks which are host to nearby Kimpe Mine
Ground magnetics interpretation of Kankutu indicate a potential extension onto the concession of the structure which controls the nearby operating Kimpe Mine
400m long +200 ppm elevated copper in soil anomaly at Comipad-Comima

Stephen Barley, President and CEO states, "Kabolela North, Hole KADD013 returned 3.69% Copper over 6m from 72m - 78m depth extending the zone originally discovered in Hole KADD011(3.17% copper over 4m from 28m) and Hole KADD012 (2.01% copper over 6m from 34m; including 1m @ 0.3% cobalt from 39m). Drilling is continuing at Kabolela North and results will be released as assays come available. Soil sampling at Kabolela South has shown encouraging elevated cobalt and copper results tracking the same stratigraphy as a former operating pit on the southern border of the Kabolela property. Our team has found highly encouraging cobalt and copper in soil samples or trenches on both the Comipad-Comima and Kankutu concessions. We are having exploration success on all three property areas where our initial activities have been focused."

Adam Anderson, Bankers' DRC Exploration Manager states, "Exploration at the Comipad-Comima and Kankutu projects has been progressing well. At Comipad-Comima, the team has setup a camp, created a 17 km vehicular access and completed soil sampling and infill soil sampling to define a 400m long +200ppm copper in soil anomaly and an adjacent 150m by 50m long +200ppm copper in soil anomaly. The copper in soil anomalies are interesting as they have coincident associated multi-element anomalies. Both are associated with an EW trending tectonic breccia which appears to be hydrothermally altered. At Kankutu, based on ground magnetics interpretation, we have identified a potential extension of the Kimpe Fault which hosts the operating Kimpe Mine located 3.5kms from our Kankutu project."

Kankutu Project (PE 13370; PE 13371; PE 13372; PE 13441)

Kankutu covers a total of 14 sq kms and consists of four contiguous concessions on the border of the operating Kimpe copper and cobalt mine where a recent trenching program has discovered a 3km strike of Mine Formation series of rocks which are the host rocks at the nearby Kimpe Mine.

A total of 1110 soil samples were collected over the project area on a 200m by 50m grid and handheld XRF analysis indicated areas of anomalous copper in soils. A total of 149 pits up to 8m in depth have been completed highlighting an anomalous zone of copper in the SW corner of PE 13371. A trenching program has discovered a 3km strike of Mine Formation series of rocks which are the host rocks at the nearby Kimpe Mine.

Ground magnetics were collected over the four licenses and the data processed by MSA in South Africa. License 13441 in the north of the project has deep soil cover up to 9m and geochemical sampling using a RAB rig drilling vertical holes across the interpreted geology is being utilized. The RAB drilling program is being delayed due to access difficulties associated with the wet season and is expected to be completed by the end of April. The target area is an area of structural complexity highlighted by the reprocessed ground magnetics where the Kimpe Fault is interpreted to extend into the license. The Kimpe Fault is the main control on cobalt and copper mineralization at the Kimpe Mine 3.5km to the SE of the license.

Planned work at Kankutu includes the following:

complete trenching and geochemical drilling program and interpretation of the results
RC drilling on identified targets

(Click here to review Kankutu maps)

Comipad-Comima Project (292)

Three trenches have subsequently been completed over the soil anomalies and the breccia zone has clearly been defined in all three trenches. The breccia in trench 2 contains zones of specular hematite with relict sulfides now replaced by goethite. Handheld XRF readings show these zones to have elevated cobalt and silver but no copper has been identified in the rocks at surface to date. The anomalous copper in soil anomaly suggests there may be leaching at surface and this will require further work. Additional 50m spaced trenches east and west of the breccia zone in trench 2 are currently in progress. Results of the trenching are expected to take approximately 1-2 months as the samples are sent to ALS Johannesburg for multielement ICPMS analysis.

Planned work at the 292 license includes the following:

A series of 50m spaced EW trenches centered on Trench 2 to expose the breccia and provide samples of the breccia.
RC drilling is planned soon to test areas highlighted by the trenching

(click here to review Comipad-Comima maps)

Assay QAQC

Bankers Cobalt has implemented an industry best practice QAQC program. All samples are picked up on site by Bankers' geologists or delivered by the drillers to Bankers' personnel. All samples are delivered by Bankers' personnel to the SGS Laboratory in Lubumbashi, DRC for cobalt and copper determination. Check assay standards and blanks are submitted every 20 samples with each assay job and are then reviewed for accuracy.

Qualified/competent person -- National Instrument 43-101 and JORC Code

The geological information in this announcement has been reviewed by Mr. Adam Anderson, a competent person (as defined in the JORC Code, 2012 edition) and Member of the Australian Institute of Geoscientists (AIG), a recognized professional organization for the purposes of the Australian Securities Exchange listing rules. Mr. Anderson, who has reviewed and approved the contents of this news release, is also a Qualified Person as defined by National Instrument 43-101.

Mr. Anderson is the DRC Country and Exploration Manager for Bankers. He has sufficient experience that is relevant to the style of mineralization, the type of deposit under consideration and to the activity being undertaken to qualify as a competent person as defined in the JORC Code and as a Qualified Person as defined in National Instrument 43-101.

About Bankers

Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. As battery production for EV's surges, demand for cobalt will probably exceed supply for many years. According to a recent report by Transparency Market Research, global sales of lithium-ion batteries are expected to reach US$70B by 2024, for a compound growth rate of 11.6% over the years beginning in 2016. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored. Bankers has an experienced operations team operating in the southern Cobalt-Copperbelt of the DRC. Bankers believes it is the front runner in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.
"Stephen Barley"
President & CEO

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable securities laws including statements relating to the outlook of the business of the Corporation, including statements relating to the Corporation's drilling and soil sampling programs, timing, execution and results of such programs; the Corporation's intention to acquire additional concession, the Corporation's ability to explore and develop the concessions, the results of any development and exploration, the ability of the Corporation to meet standards for verifiable supply chain custody, and the Corporation's status as a leader in the junior mining sector for cobalt and copper in the DRC. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation its securities, or its financial or operating results.

For further information:
Phone: +1-604-684-6730
Email: info@bankerscobalt.com

Website: http://www.bankerscobalt.com

SOURCE Bankers Cobalt Corp.

Bankers Discovers Elevated Cobalt and Copper in Soil Sampling at Kabolela South

VANCOUVER, British Columbia - April 05, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTCQB:NDENF) (the “Corporation” or “Bankers”) is pleased to provide an update on elevated cobalt and copper soil sampling at the Kabolela South project in the Democratic Republic of Congo (DRC).

Stephen Barley, President and CEO states, “Kabolela North, Hole KADD013 returned 3.69% Copper over 6m from 72m – 78m depth extending the zone originally discovered in Hole KADD011(3.17% copper over 4m from 28m) and Hole KADD012 (2.01% copper over 6m from 34m; including 1m @ 0.3% cobalt from 39m). Soil sampling at Kabolela South has shown encouraging elevated cobalt and copper results tracking the same stratigraphy as a former operating pit on the southern border of the Kabolela property. The exploration efforts at Kabolela continue to increase the potential for this project. Updates on activities at our Kankutu (Kimpe) and Comipad-Comima (292) projects will be released shortly.”

Adam Anderson, Bankers’ DRC Exploration Manager states, “The soil program has highlighted two areas with elevated cobalt and copper. These areas have been infill sampled and results are pending. The soil results are interesting as they are constrained to the Roan-4 formation in the southern area which hosts the nearby 48hr pit in the same stratigraphy.”

Soil Sampling with Anomalous Copper and Cobalt

A total of 384 soil samples were collected over the entire Kabolela license on a 50m (along line) and 200m spaced lines. The copper and cobalt XRF/Laboratory results are then plotted, and anomalous areas are contoured. Further infill samples are collected to better define the areas with anomalous cobalt and copper in soils. Once the infill soils have been processed and plotted on the map, areas with anomalous copper and coincident cobalt will be trenched to verify the soil anomaly prior to drilling. Near surface leaching of metals is a common issue in the DRC CopperBelt. RC drilling will be utilized to test anomalous areas as access improves with the expected end of the wet season in late April. (Click here to see Kabolela South soil sampling grid and results)

Dump

Near the southern boundary of the Kabolela concession is a large dump from the previously operated 48 Hours mine. This mine was operated between 2014 and 2016 on the basis that only high-grade copper was targeted, and cobalt was discarded as most local processing facilities did not have a cobalt processing capability. Selected grab samples from this area have provided encouraging cobalt and copper results based on laboratory analysis at SGS Lubumbashi.

RC drilling is an effective method to test the composition and continuity of the visual mineralized material contained in the dump to determine the average grade of cobalt and copper that was dumped rather than removed from site. RC drilling on a grid is planned as access improves with the expected end of the wet season in late April.

Assay QAQC

Bankers Cobalt has implemented an industry best practice QAQC program. All samples are picked up on site by Bankers’ geologists or delivered by the drillers to Bankers’ personnel. All samples are delivered by Bankers’ personnel to the SGS Laboratory in Lubumbashi, DRC for cobalt and copper determination. Check assay standards and blanks are submitted every 20 samples with each assay job and are then reviewed for accuracy.

Qualified/competent person -- National Instrument 43-101 and JORC Code

The geological information in this announcement has been reviewed by Mr. Adam Anderson, a competent person (as defined in the JORC Code, 2012 edition) and Member of the Australian Institute of Geoscientists (AIG), a recognized professional organization for the purposes of the Australian Securities Exchange listing rules. Mr. Anderson, who has reviewed and approved the contents of this news release, is also a Qualified Person as defined by National Instrument 43-101.

Mr. Anderson is the DRC Country and Exploration Manager for Bankers. He has sufficient experience that is relevant to the style of mineralization, the type of deposit under consideration and to the activity being undertaken to qualify as a competent person as defined in the JORC Code and as a Qualified Person as defined in National Instrument 43-101.

About Bankers

Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. As battery production for EV’s surges, demand for cobalt will probably exceed supply for many years. According to a recent report by Transparency Market Research, global sales of lithium-ion batteries are expected to reach US$70B by 2024, for a compound growth rate of 11.6% over the years beginning in 2016. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored and developed. Bankers has an experienced operations team operating in the southern Cobalt-Copperbelt of the DRC. Bankers believes it is the front runner in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.

“Stephen Barley”

President & CEO

For further information:
Phone: 604.684.6730
Email: info@bankerscobalt.com
Website: www.bankerscobalt.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” within the meaning of applicable securities laws including statements relating to the outlook of the business of the Corporation, the Corporation’s intention to acquire additional concession, the Corporation’s ability to explore and develop the concessions, the results of any development and exploration, the ability of the Corporation to meet standards for verifiable supply chain custody, and the Corporation’s status as a leader in the junior mining sector for cobalt and copper in the DRC. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation its securities, or its financial or operating results.

For further information:
Phone: +1-604-684-6730
Email: info@bankerscobalt.com

Website: http://www.bankerscobalt.com

SOURCE Bankers Cobalt Corp.

BANKERS DRILLS 3.69% COPPER OVER 6 METERS EXTENDING NEAR-SURFACE HIGH-GRADE DISCOVERY AT KABOLELA NORTH

VANCOUVER, British Columbia - April 4, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTC:NDENF) (the “Corporation” or “Bankers”) is pleased to announce further high-grade copper results from the ongoing drill program at the Kabolela North concession in the Democratic Republic of Congo (DRC).

Kabolela North, Hole KADD013 has returned 3.69% Copper over 6m from 72m – 78m depth extending the zone originally discovered in Hole KADD011(3.17% copper over 4m from 28m) and Hole KADD012 (2.01% copper over 6m from 34m; including 1m @ 0.3% cobalt from 39m).

1,537 meters have been drilled to date on the first ever drilling campaign conducted at Kabolela Thirteen holes have been released to date with additional holes pending from the Kabolela discovery zone.

Stephen Barley, President and CEO states, “We are excited by our initial drilling at Kabolela North. To place our results in perspective, public records for the operating Boss Mine located 3 kilometers west of Kabolela, show an estimated mineral resource of 75.1Mt averaging 2.2% copper and 0.2% cobalt Copper is an important aspect of our business plan as cobalt invariably comes as a credit to copper in the DRC and regional geology indicates the frequent occurrence of high grade copper with pods of higher grade cobalt similar to our recent results.”

Note: Mineralization at Kabolela North may not be necessarily indicative of mineralization at the Boss Mine which will be determined with additional work at Kabolela North.

Adam Anderson, DRC Exploration Manager states, “The drill target at Kabolela North is a shallow, fault hosted, sub vertical high-grade supergene copper zone of dominantly chalcocite mineralization with more abundant malachite at surface and with zones of cobalt. Drilling to date has now demonstrated continuity between three sections and a possible south plunge to the fault hosted mineralization which appears open to the south west. Further drilling is required to confirm the concept at this early stage of exploration.” (Click here for maps of the Kabolela property)

All drill core has been submitted to SGS Lubumbashi for copper and cobalt determination by AAS. The initial drilling program is intended to provide information on the orientation, width, and strike length of the mineralization discovered to date. Mineralization is contained in two sub-parallel fault hosted zones and is open along strike at this early stage of exploration. Drill hole KADD013 intersected a 6-meter-wide (downhole width) zone of carbonate altered breccia with disseminated and blebby chalcocite mineralization.

Drilling is continuing to follow up these results and provide additional structural information on the mineralization. Drill sections are being developed to further display the deposit parameters and this will require additional drill holes.

Note: Intercepts calculated using a 0.35% Cu cutoff and all samples are 1m in length, no internal waste and sample lengths are measured downhole as true widths of the mineralization are not known at this time.

The Company also plans to release additional geochemical results from Kabolela South and an update on its 600,000m3 dump located to the south of the property shortly.

Assay QAQC

Bankers Cobalt has implemented an industry best practice QAQC program. All core samples are picked up on site by Banker’s geologists or delivered by the drillers to Banker’s personnel. All samples are delivered by Banker’s personnel to the SGS Laboratory in Lubumbashi, DRC for cobalt and copper determination. Check assay standards and blanks are submitted every 20 samples with each assay job and are then reviewed for accuracy. Coarse reject splits will be done every 20 samples for duplicate samples of diamond core. Umpire assaying will be performed by ALS Chemex in Johannesburg, South Africa at a rate of 5% of submitted samples. Selected core samples are also being sent to ALS Chemex in Johannesburg, SA for multi-element analysis to identify geochemical signatures associated with mineralization in the concession.

Qualified/competent person -- National Instrument 43-101 and JORC code
The geological information in this announcement has been reviewed by Mr. Adam Anderson, Member of the Australian Institute of Geoscientists (AIG), a competent person (as defined in the JORC code, 2012 edition) and (being a recognized professional organization for the purposes of the Australian Securities Exchange listing rules). Mr. Anderson is also the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release.

Mr. Anderson is the DRC Country and Exploration Manager for Bankers. He has sufficient experience that is relevant to the style of mineralization, the type of deposit under consideration and to the activity being undertaken to qualify as a competent person as defined in the JORC code and under National Instrument 43-101.
About Bankers

Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. As battery production for EV’s surges, demand for cobalt will probably exceed supply for many years. According to a recent report by Transparency Market Research, global sales of lithium-ion batteries are expected to reach US$70B by 2024, for a compound growth rate of 11.6% over the years beginning in 2016. Bankers efforts are intendedto supply feedstock for processors having excess capacity and address the supply chain custody and verifiable sources of ore issue being imposed on processors in the DRC by consumers. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored and developed. Bankers has an experienced operations team operating in the southern Cobalt-Copperbelt of the DRC. Bankers believes it is the front runner in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.

“Stephen Barley”

President & CEO

For further information:
Phone: 604.684.6730
Email: info@bankerscobalt.com
Website: www.bankerscobalt.com

Reader Advisory

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” within the meaning of applicable securities laws including statements relating to the outlook of the business of the Corporation, including statements relating to the Corporation’s drilling program, timing, execution and results of such program, the Corporation’s intention to acquire additional concession, the Corporation’s ability to explore and develop the concessions, the results of any development and exploration, the ability of the Corporation to meet standards for verifiable supply chain custody, and the Corporation’s status as a leader in the junior mining sector for cobalt and copper in the DRC. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation its securities, or its financial or operating results.

SOURCE Bankers Cobalt Corp.
 

Bankers Cobalt Corp. Has Positive View on Mining and Demand for Cobalt in the DRC

VANCOUVER, British Columbia, Feb. 23, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTC:NDENF) (the “Corporation” or “Bankers”) responded to recent events and news regarding mining and the demand by end-users for certified cobalt supplies in the Democratic Republic of Congo (DRC).

There has been significant press coverage and commentary speculating end-users such as Apple intend to directly source cobalt from miners in the DRC as this country produces 60% of the world supply of cobalt. End-users are insisting on certified supplies and this is an issue for DRC processors currently deriving a portion of their ore from uncertified small-scale miners. Bankers offers a solution to DRC-based processors. The Bankers business model is to focus on the acquisition and development of high potential cobalt and copper exploration targets in the DRC CopperBelt and explore the acquired land package in accordance with Canadian exploration standards. Concessions having resources will be made available to be acquired on a transparent and certifiable basis by existing DRC processors to meet the demand of end-users for certified cobalt and copper ore. Bankers has the land package, an experienced board and an operating team concurrently exploring seven of its 26 concessions.

There has also been a reaction to approved, but not yet signed into law, DRC mining taxation changes and to statements made by the DRC government-owned mining company, Gecamines, regarding amendments to property and operating agreements. The proposed taxation changes have no immediate or direct impact on Bankers and Bankers has no agreements with Gecamines. Bankers’ 26-concession 391 km² land package is owned 100% by Bankers or under agreement with reputable private DRC corporations with a majority of the concessions being new licenses. The statement by Gecamines is considered positive by Bankers as it may serve to further restrict the already tight supply of quality cobalt and copper exploration properties in the DRC Copperbelt.

Kevin Torudag, President of Bankers’ DRC subsidiary states, “Bankers controls a superior DRC exploration land portfolio, has an experienced board, and a first-class operating team fully functioning in the DRC. We are firmly established in the DRC where the needs of end-users will drive the demand for certified cobalt and copper resources. Bankers is the front runner among the juniors and is well positioned to benefit from the expected increased demand for certified cobalt and copper.”

About Bankers
Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. Bankers efforts will address the supply chain custody and verifiable sources of ore issue being imposed on processors in the DRC by consumers. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored and developed. Bankers has an experienced operations team operating in the southern Cobalt-Copperbelt of the DRC. Bankers believes it is the front runner in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.
“Stephen Barley”
President & CEO
For further information:
Phone: 604.684.6730
Email: info@bankerscobalt.com
Website: www.bankerscobalt.com

Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” within the meaning of applicable securities laws including statements relating to the outlook of the business of the Corporation, the Corporation’s intention to acquire additional concession, the Corporation’s ability to explore and develop the concessions, the results of any development and exploration, the ability of the Corporation to meet standards for verifiable supply chain custody, and the Corporation’s status as a leader in the junior mining sector for cobalt and copper in the DRC. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation its securities, or its financial or operating results.

SOURCE Bankers Cobalt Corp.
 

Bankers Cobalt Corp. Announces Appointment of Royston Denysschen to Board of Directors

VANCOUVER, British Columbia, Feb. 20, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTC:NDENF) (the “Corporation” or “Bankers”) is pleased to announce that Mr. Royston Denysschen has been appointed to the Bankers Board of Directors.

Kevin Torudag, President of Bankers’ Democratic Republic of Congo (DRC) operating subsidiary stated, “We are pleased to welcome Mr. Royston Denysschen to the Board of Directors of Bankers. Mr. Denysschen is a respected metals trader and business developer with responsibility for the African market for Transamine Trading. Royston conducts a substantial portion of his copper trading business in the DRC and brings his years of experience and Africa-focused mining sector business network to Bankers. Bankers’ business model is to acquire concessions in the DRC possessing a high potential for cobalt and copper; develop those assets utilizing world-class Canadian exploration standards to delineate a resource; and sell the resource to DRC processors having excess capacity and a need for certified supplies of cobalt and copper ore. Mr. Denysschen’s in-depth knowledge and relationships with DRC processors will be of great assistance in fulfilling our business plan.”

Mr. Denysschen replaces Mr. Len Clough, who has resigned due to other business commitments. Bankers thanks Mr. Clough for his contribution to the Bankers board and wishes him continued success in his business ventures.

About Royston Denysschen
Mr. Denysschen is based in Johannesburg, South Africa, and has been the lead trader for the Africa operations of Transamine Trading since February 2010. Transamine Trading, established in 1953, focuses on trading of primarily ores and concentrates of copper, cobalt, zinc, nickel, lead, tin, lithium, gold and silver. He is responsible for managing the network and business for Transamine in Africa including DRC. Mr. Denysschen maintains client relationships with an established network of suppliers, customers, service providers and general business contacts and assesses projects for investment or finance.

About Bankers
Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. Bankers efforts will address the supply chain custody and verifiable sources of ore issue being imposed on processors in the DRC by consumers. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored and developed. Bankers has an experienced operations team operating in the southern Copperbelt of the DRC. Bankers believes it is one of the front runners in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP
“Stephen Barley”
President & CEO
For further information:
Phone: 604.684.6730
Email: info@bankerscobalt.com
Website: www.bankerscobalt.com

Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” within the meaning of applicable securities laws including statements relating to the outlook of the business of the Corporation; the Corporation’s intention to acquire additional concession; the Corporation’s ability to explore and develop the concessions and the results of any development and exploration. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation its securities, or its financial or operating results.

SOURCE Bankers Cobalt Corp.

Bankers Cobalt Corp. Announces Appointment of Simon Tuma-Waku to Board of Directors

VANCOUVER, British Columbia, Feb. 06, 2018 - Bankers Cobalt Corp. (TSX-V:BANC) (OTC:NDENF) (the “Corporation” or “Bankers”) announces that Mr. Simon Tuma-Waku has been appointed to the Bankers Board of Directors.

Kevin Torudag, President of Bankers Democratic Republic of Congo (DRC) operating subsidiary stated, “Bankers is delighted to announce Mr. Simon Tuma-Waku has been appointed to its Board of Directors, replacing Mr. Geoff Balderson who has resigned due to other business commitments. Mr. Tuma-Waku is one of the most respected senior mining individuals in the DRC, not only for his expansive mining experience and success, but also for his ethical approach to business and relationships. Bankers could not be associated with a better person in the DRC to guide our Board of Directors through the complexities of DRC mining and business practices.

Bankers wishes to thank Mr. Balderson for his key involvement through the recent amalgamation as President and CEO of Nomad Ventures Inc., the predecessor company to Bankers. We wish Mr. Balderson success in his multiple business ventures.”

About Simon Tuma-Waku

Mr Tuma-Waku was Minister of Mines & Hydrocarbons for the DRC between 2001 and 2003. In this role, he was responsible for the drafting and implementation of the mining code and regulations currently in force in the DRC. Most recently, Mr. Tuma-Waku acts as the representative of La Generale des Carrieres et des Mines S.A. (Gecamines) the DRC government mining company, in a joint venture with China Molybdenum on the Tenke Fungurume DRC mining operations that were acquired by China Molybdenum from Freeport McMoRan and Lundin Mining in 2016. He remains a board member of Standard Bank (DRC), Non-Executive Chairman of Mongwalu Gold Mines (MGM) DRC, and National Vice-President in charge of Mining Federation des Enterprise Du Congo. Mr. Tuma-Waku was formerly CEO of Congo Railways Solutions and Executive Chairman of Kamoto Copper Company (KCC), a division of Katanga Mining Limited (KML). Mr. Tuma-Waku holds a Master of Sciences (Mining) degree as well as a Diploma in Business Administration.

About Bankers

Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. Bankers efforts will address the supply chain custody and verifiable sources of ore issue being imposed on processors in the DRC by consumers. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391 km². Bankers has the intention to acquire interests in additional concessions. All concessions were obtained as either new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored and developed. Bankers has an experienced operations team operating in the southern Copperbelt of the DRC. Bankers believes it is one of the front runners in advancing cobalt and copper exploration by a junior mining company in the DRC.

ON BEHALF OF THE BOARD OF BANKERS COBALT CORP
“Stephen Barley”
President & CEO
For further information:
Phone: 604.684.6730
Email: info@bankerscobalt.com
Website: www.bankerscobalt.com

Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” within the meaning of applicable securities laws including statements relating to the outlook of the business of the Corporation, the Corporation’s intention to acquire additional concession, the Corporation’s ability to explore and develop the concessions and the results of any development and exploration. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation its securities, or its financial or operating results.

SOURCE Bankers Cobalt Corp.

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About Bankers Cobalt Corp.:

Bankers Cobalt Corp is a mineral exploration and development company focusing on the acquisition, development and enhancement of a portfolio of high quality cobalt properties and interests around the world. The Company was founded by a small group of highly experienced individuals to take advantage of pure cobalt plays created by the current market environment. Our strategy for cobalt exploitation is to carefully control the chain of custody so that all extracted cobalt is not tainted by the use of child labor or other unethical labor and business practices. We plan to invest in opportunities if the anticipated competitive opportunities materialize and comply with our rigorous pre-defined investment criteria.

Proven team experienced across the entire spectrum of Co-Cu exploration & development and in-country experience backed by geopolitical know-how
Exploring and developing a leading portfolio of high-grade Co-Cu projects to exacting Canadian mining standards and transparency in the Central African Copperbelt with an aim to expand and diversify globally

Building a portfolio of assets that will provide clean, certified and non-conflict Co-Cu supply in a symbiotic relationship with DRC based processors with existing excess capacity and a lack of available certified resources to meet burgeoning market demands

210 km2 portfolio Co-Cu concessions in the DRC – one of the early movers actively exploring and developing Co-Cu in the DRC and possessing clean title to all concessions

BUSINESS MODEL

Bankers Cobalt is filling a void in the resources supply chain and reasonably expects to receive a premium for its efforts. This model has been strongly endorsed by the affected parties in the mining industry in the DRC. We have a strong team in place already implementing this model and will continue to add new members to strengthen our team. This approach will be beneficial to Bankers and all its stakeholders.

ACQUIRE
We acquire high quality projects in the DRC and develop them by applying Canadian standard highly professional exploration techniques seldomly
practiced in the DRC.

DEVELOP
Develop certified cobalt and copper resources.

SELL
Sell them to the predominantly Chinese owned processors in close proximity that are being fined due to noncertified supplies of cobalt and
copper

OUR PROJECTS
Bankers is a natural resource company focused on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards. This will address the supply chain custody and verifiable sources of ore issue being imposed on processors in the DRC by consumers. Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt with a total area of more than 391 km². All existing concessions were obtained as new grants or through reputable DRC partners and have clean title with no government involvement, making Bankers one of the few, and perhaps only, junior public mining company in the DRC to have 26 concessions capable of being currently explored and developed.

Bankers Cobalt has begun active exploration work including drilling and sampling in the DRC on its Kankutu property (PR 13372), adjacent to the Kimpe deposit and 110 km southeast of Lubumbashi. Mineralization has been found to the east, south-east of the property with the strike of 320 degrees of mineralized layers running diagonally into the concession from the Kimpe Cu-Co deposit which originally was identified with a resource of 3 Million tonnes of Cu @ 4.4% Copper and 0.54% Cobalt.

Below is a map of our concessions with the Bankers concessions marked in red. Please mouse-over each concession marker to display information related to each concession.

CORPORATE TEAM
Bankers Cobalt Corporation is led by a highly experienced team who offer world-class operational and technical management skills combined with extensive experience with building companies and creating shareholder value. Our management team is led by our Chief Executive Officer, Steve Barley, an experienced executive with over 35 years in the public corporate arena structuring mergers & acquisitions. Mr. Barley is joined by our Chief Financial Officer, Murray Flanigan who complements our team with his extensive background in corporate finance, mergers & acquisitions, international taxation and corporate restructuring. In addition, Andrew Stibbs, VP, Corporate Development & Compliance, provides Bankers with corporate project management and compliance services.

J. STEPHEN BARLEY
Chief Executive Officer

MURRAY G. FLANIGAN
Chief Financial Officer

ANDREW STIBBS
VP, Corporate Development & Compliance

OUR RESPONSIBILITY
At Bankers Cobalt Corp we believe in doing the right things in the right way. We believe in demonstrating accountability and transparency in our actions and decisions. While achieving our long term strategic goals is important to us, we also need to balance and protect the interests of our primary stakeholders such as shareholders, employees, business partners, and the community at large.

To reach this standard, we require effective leadership and high standards of behaviour to support a culture based upon openness and honesty which creates an external focus on the needs of our partners and the community. This in turn requires a set of robust systems, processes, and procedures to ensure adherence to established industry best practices relating to safety, the environment, and ethical business conduct specifically in the area of labour practices.


SOURCE: http://www.bankerscobalt.com/

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