Amended: Global Cobalt Announces Board Nominees For Global Cobalt And Global Energy Metals

VANCOUVER, BC / TheNewswire / June 17th, 2015 / Global Cobalt Corp. (TSXV:GCO, OTCBB:GLBCF, FRA:3P0) ("Global Cobalt" and/or the "Company") is pleased to announce the following board members who will be proposed for nomination for both Global Cobalt Corp and Global Energy Metals at the Annual General Special Meeting ("AGSM") set for July 17, 2015.

Global Cobalt Board

Erin Chutter*

Raymond Castelli*

Peter Reynolds*

Gaston Reymenants*

Paul Sarjeant*

Alexander Ordanian

Alexei Musteatsa

Julian Lowenfeld

Maximiliano Barrientos

Andrey Melnikov

Global Energy Metals

Erin Chutter

Raymond Castelli

Peter Reynolds

Gaston Reymenants

Paul Sarjeant

Once final Court approval is received on the proposed transaction, the names marked with an * will resign from the Board.

Further information will be available in the Information Circular which will be mailed prior to the AGSM.

The Company also announces that Jean-Pierre Colin has resigned from the Global Cobalt Corp. Board effective June 14, 2015 and will remain as an advisor to the Company moving forward. Both management and Board thank him for his Board tenure and ongoing services.

Global Cobalt Corporation:

Global Cobalt Corp. is a publicly traded Canadian resource company that was founded in 2007 to take advantage of the global transformation that is occurring in the strategic metals sector of the mining industry. Through a combination of acquisitions and internally developed businesses, Global Cobalt exploits market opportunities as they emerge in various sectors of the energy metals sector with emphasis on those metals, such as cobalt, used in the rechargeable battery space.

For Further Information:

Mr. Mitchell Smith, Corporate Development

Suite 1501-128 West Pender Street

Vancouver, BC V6B 1R8

Tel: +1 (604) 688-4219

Fax: +1 (604) 688-4215

Email: info@globalcobaltcorp.com

www.GlobalCobaltCorp.com

TSXV:GCO; OTCBB:GLBCF; FRA:3P0; CUSIP:37890F

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws, concerning the business, operations and financial performance and condition of the Company. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements contained in this news release include statements with respect to: expectations regarding shareholder approval of the Amendment; the delivery of a National Instrument 43-101 compliant technical report and mineral resource estimate for the Karakul cobalt project and the ability of the Company to raise the additional funds required for the continued development of its mineral properties. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from our expectations include uncertainty about the level of shareholder support for the Amendment and the share issuances contemplated thereunder; the need to obtain permits and governmental approvals; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases; fluctuations in metal prices and currency exchange rates; the impact of economic sanctions on companies conducting business in Russia; and other risk and uncertainties disclosed in reports and documents filed by the Company with applicable securities regulatory authorities from time to time. The forward-looking statements made in this news release reflect management's beliefs, opinions and projections on the date the statements are made. Except as required by law, Global Cobalt assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

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

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