/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRES./
TSX.V: CPO, Pink Sheets: CBBWF
VANCOUVER, Sept. 26, 2017 /CNW/ - Cobalt Power Group Inc.
(the "Company") (TSX.V: CPO, OTC Pink: CBBWF) is pleased to
announce that pursuant to the recently announced alliance with
Hochschild Mining PLC ("Hochschild") (see news release date
August 30, 2017), Hochschild has
appointed Mr. Isac Burstein to the
Company's Board of Directors, expanding the number of members to
seven.
Mr. Burstein joins the Company from well-established senior
mining producer Hochschild Mining, where he has been a geologist
since 1995. Prior to his current position as VP Exploration and
Business Development, Mr. Burstein served as Manager for Project
Evaluation, Exploration Manager for Mexico, and Exploration Geologist. He holds a
BSc in Geological Engineering from the Universidad Nacional de
Ingenieria in Peru, an MSc in
Geology from the University of
Missouri, and an MBA from Krannert School of Management at
Purdue University in Indiana, USA.
"We would like to welcome Mr. Isac
Burstein to the board of directors," comments Dr.
Andreas Rompel, President & CEO.
"His extensive experience in exploration and business development
will be an invaluable asset to the company."
About Cobalt Power Group Inc.
Cobalt Power Group Inc. is a publicly traded Canadian
exploration company listed on the TSX-Venture Exchange (TSX-V: CPO)
focused on cobalt exploration and development.
The Company has made a series of strategic property acquisitions
over the past year, seeking cobalt mineralization near Cobalt, Ontario - a region with a long history
of silver and associated cobalt production. Property holdings
including the Canadian Cobalt Project and the Coleman Township properties total
approximately 8,544 hectares (21,100 acres) in contiguous and
strategic claim blocks. There are several historic mining
operations on the properties that are potentially accessible,
including the Smith Cobalt shaft and its underground workings.
On behalf of the Board of Directors
"Andreas Rompel"
_________________
Dr. Andreas Rompel, President and
CEO
Cobalt Power Group Inc.
www.cobaltpowergroup.com
We seek safe harbor.
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.
Forward-Looking Information
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release. WARNING: The Company relies on litigation protection
for "forward-looking" statements. Actual results could differ
materially from those described in the news release as a result of
numerous factors, some of which are outside the control of the
Company. This news release does not constitute an offer to sell or
a solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Cautionary Statement on Forward-Looking
Statement
Certain information contained in this news release, including
information as to our strategy, projects, plans or future financial
or operating performance and other statements that express
management's expectations or estimates of future performance,
constitute "forward-looking statements". Actual results may differ
materially from those indicated by such statements. All statements,
other than historical fact, included herein, are forward-looking
statements that 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.
In connection with the forward-looking information contained in
this news release, CPO has made numerous assumptions. While CPO
considers these assumptions to be reasonable, these assumptions are
inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could
cause CPO's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information contained herein.
A more complete discussion of the risks and uncertainties facing
CPO is disclosed in CPO's continuous disclosure filings with
Canadian securities regulatory authorities at www.sedar.com. All
forward-looking information herein is qualified in its entirety by
this cautionary statement, and CPO disclaims any obligation to
revise or update any such forward-looking information or to
publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future
results, events or developments, except as required by law.
SOURCE Cobalt Power Group Inc