Global Cobalt Corporation has appointed Mr. Oleg Scherbina as Chief Financial Officer as the company builds further general and administrative capacity with Russian experience. Mr. Scherbina is a financial manager with broad experience in all aspects of accounting and financial management and has been involved with numerous mining companies including Uranium One, Eureka Mining Plc and Bema Gold Corporation. The company announced the departure of Dr. Michael Hitch as Chief Operating Officer who tendered his resignation due to his increasing role as an Associate Professor at the Norman B. Keevil Institute of Mining Engineering, UBC.

Dr. Hitch will remain a pivotal component of the company as a member of the Advisory Board and as an engineering consultant to the company.