COB - Chairman's and CEO's Address to Shareholders

Cobalt Blue has had a constructive year, making significant progress on the Broken Hill Cobalt Project. We’ve also recut the BHCP mineral resource to include nickel as a potential revenue stream and expanded the Broken Hill tenure, now holding 5 Exploration Licences and 2 Mining Leases, for a total area of approximately 220 km2. Additionally, we have begun to report on our sustainability by adopting the Cobalt Institute - Responsibility Assessment Framework, which provides a means of assessing and implementing global best practice standards. The Chairman also noted that it’s very pleasing to see the Company's share price recover throughout the year, increasing by around 80% since our last AGM. Please see the Chairman’s Address for the full list of milestones and accompanying presentation.