M2 Cobalt Corp. announced it is expanding its recently announced drill program with the mobilization of a second drill to its Bombo license, located at Bujagali. This drill will conduct an initial program of diamond core drilling at Bombo. The Company's successful Phase I work program included the discovery of three key target areas on this license (Bombo, Bombo NW and Bombo Central) with ultramafic mineralization and highly anomalous nickel, copper and cobalt rock and soil samples. The Phase 1 program at Bombo included in depth fieldwork comprised of detailed geochemical sampling (rock grabs, soils and trenching) and in depth geophysics, including a VTEM Helicopter Borne Survey. Subsequent work includes infill sampling and gravity surveys. Following the success of these results, the company is finalizing locations for drill collars at Bombo and Bombo NW and has also launched an induced polarization ("IP") program. It is anticipated the IP program will conclude shortly and that a drill will be mobilized to Bombo within the next 10 days.