M2 Cobalt Corp. announced the identification of new, high priority anomalies following the completion of four Geotech Ltd. helicopter borne VTEM™ B-Field horizontal magnetic gradiometer geophysical surveys at its Kilembe-area properties and at the Waragi and Bombo targets at its Bujagali property. A total of 3,075 line kilometres of high resolution airborne data was acquired. The high-resolution data was collected at 100 metre line spacing. Initial results have now been completed for one of the Company’s two licenses at its Kilembe-area properties and have delineated two high priority anomalies which have coincidental magnetics, electromagnetics and significant Tau values (decay time constants). These anomalies have been modelled as steeply south dipping conductors likely indicative of sulphide mineralization. The anomalies occur within similar stratigraphy and along strike of the past producing Kilembe Copper Cobalt Mine which was also comprised of a series of steeply dipping semi-massive to massive sulphide bodies. In addition to the two high priority targets outlined above, a further 184 priority anomalies were identified ranging from weak to strong. A similar priority target list will be generated for the other M2 Cobalt License in the Kilembe-area over the coming weeks.