M2 Cobalt Corp. announced that results from rock and soil sampling and high-resolution ground magnetics have confirmed the discovery of a large scale nickel-cobalt-copper anomaly at Bombo, one of the company's principal exploration targets at its Bujagali Licenses in South-Central Uganda. The soil samples collected at Bombo delineate a well-defined nickel, cobalt, and copper anomaly of approximately 1,200 metres by 900 metres. The soil anomaly closely mimics a well-defined magnetic high confirmed by high resolution ground magnetics carried out by the company's ground geophysics teams. Soil samples which form the anomaly comprise: ninety-one samples with more than 101 parts per million nickel ('ppm Ni') including 13 samples with between 0.1% nickel ('% Ni') and 0.16% Ni; 86 samples with more than 100 ppm cobalt ('ppm Co') including eight samples with between 206 and 416 ppm cobalt; and, elevated platinum, palladium and chromium in soils coincidental with the nickel anomaly. In addition to the soil samples, rock grab samples contain anomalous nickel (0.15% Ni) anomalous cobalt (0.14% to 0.65% Co) and, anomalous copper (0.05% to 0.4% Cu). The results are believed to be indicative of ultramafic host rocks containing sulphides. Anomalous rock samples were either breccias or ultramafic rocks. All samples were sent to ALS Chemex South Africa (Pty) Ltd. for analysis for gold multi-element Induction Coupled Plasma Spectroscopy. M2 Cobalt also has a regimented Quality Assurance, Quality Control program where at least 10% duplicates and blanks are inserted into each sample shipment. Infill sampling has now been completed at Bombo to better define the anomaly ahead of large-scale trenching and targeted drilling to test mineralization at depth. This next phase of the program is expected to start shortly.