M2 Cobalt Corp. announced to provide an update on its 2019 exploration program launched in March 2019. In addition to conducting further infill sampling around its Waragi and Nile targets, ground geophysics and geochemistry have commenced across the new exploration licenses acquired in October 2018 at Bujagali and in the Kilembe area. To-date in 2019, 509 rock and 3,153 soil samples have been collected within the new and existing licences. Sample results have now been received for 463 rock and 3,010 soil samples. Of the rock grab samples collected within the new Kilembe-area licenses, 114 results have been received. Two localized, surficial copper-gold showings were discovered (named Eagle and Senator). At Eagle, 2 rock grab samples contain 18.15 grams per tonne gold ("g/t Au") and 37.8% copper ("%Cu") and 6.85 g/t Au and 24.6% Cu, respectively. At Senator, 12 rock grab samples contain from 0.12% Cu to 7.8% Cu and 24 samples contain from 0.2 to 16.3 g/t Au (including 10 samples with more than 5.03 g/t Au and 4 samples with more than 10.45 g/t Au). In addition to the rock grab samples, a 25m by 25m spaced soil grid was completed at the Senator target. From the 133 soil samples collected, a coincidental gold and copper-in-soil anomaly was identified. Soil samples contain from 30 parts per million copper ("ppm Cu") to 554 ppm Cu and from 0.011 g/t Au to 1.06 g/t Au and follow a NE-SW trend. The anomaly remains open in both directions. Of the rock grab sample results received from Bujagali, 88 samples contain results from 0.1% cobalt ("%Co") to 2.5% and 71 samples contain from 0.1% Cu to 1.82% Cu. As well, 9 samples contain from 0.43 to 1.64 grams per tonne gold ("g/t Au"). All of the rock grab samples are coincident with the Company's Katanga-Style geochemical anomalies. Rock grab samples are by their nature selective and are not necessarily indicative of the general geology or grade within the property. The Company has also commenced drilling at its Bujagali properties. This drill program is an integral piece of the Company's 2019 exploration program announced on March 14, 2019. The drill program is being funded under the USD 3 million working capital facility provided by Jervois Mining Limited ("Jervois") as part of the friendly "at market" merger currently being completed by the two companies. The company has signed a drill contract with ADT Africa for the drill program and crews and support staff have been mobilized to the Company's Waragai and Bombo targets at the Bujagali Property. The drill program will systematically test the large regional copper-cobalt geochemical anomaly and the ultramafic bodies discovered during the Company's 2018 work program and further expanded during the 2019 work program. The company continues to collect high resolution ground magnetics and induced polarization geophysics ("IP") and to conduct mapping along the Waragi trend. This, combined with geochemical results from 2018 and the recent sampling results set out above, has been used to delineate the placement of specific drill collars. Induced Polarization geophysics ("IP") is now complete at Bombo. This, combined with geochemical results from 2018, has been used to delineate the placement of specific drill collars.