M2 Cobalt Corp. announced that it has further defined and expanded the key targets that form part of its previously discovered sediment hosted cobalt-copper play at Bujagali. The regional targets previously identified have been further expanded by continued, detailed infill sampling. Recent work has shown that these targets continue across the licence boundary into the company's newly-acquired exploration licence ('EL') 1827. Limited sampling within EL 1827 has resulted in select rock grab samples containing 0.65% Co and 0.18% Cu, hosted in meta-sediments on strike with both the Nile and Waragi discoveries previously announced. Recent results have also shown highly anomalous copper and cobalt rock and soil samples on EL 1682, the company's most northerly EL at Bujagali. To date (excluding recent sampling on EL 1827), the company has received results for 12,116 soil and 1,347 rock samples within its Bujagali properties (ELs 1665, 1666, 1682, 1683, 1686) with the results of these summarized in Table 1 below. Along the regional cobalt-copper trend, 87 surficial rock grab samples contain more than 0.1% Co to maximum values of 1.75% Co with 8 samples containing greater than 1.1% Co. As well, 75 rock grab samples contain more than 0.1% Cu to a maximum of 1.2% Cu. Exploration license for ELs 1665 & 1683, 6,075 Soils; 957 Rock Grabs; Trench Samples results received, 5 discrete targets (Nile; Waragi; Bell; Ridge; Club). Up to 1.75% Co and 1.2% Cu at surface. 87 rock grab samples contain greater than 0.1% Co. 8 rock grab samples containing greater than 1.1% Co.0.27% Co and 0.13% Cu across 3m in trench.75 rock grab samples contain more than 0.1% Cu, up to 1.2% Cu. For EL 1666, 3,212 Soils; 293 Rock Grabs; Trench Samples results received, 3 discrete anomalies (Bombo; Bombo NW and Bombo Central). Rock grab samples with up to 1% Cu, 0.5% Ni and 0.68% Co. 20m at 0.22% Ni 0.51% Cu in trench. For EL 1682, 1,994 Soil; 69 Rock Grab Samples results received, Discrete cobalt /copper in soil anomalies which require additional sampling. Up to 0.28% Cu and 0.48% Co in rock grab samples. For EL1686, 835 Soil; 28 Rock Grab Samples results received with two discrete copper in soil anomalies which require additional sampling. Rock grab samples with up to 0.1% Cu.