New World Cobalt Limited announced that it has further expanded the potential of its Colson Cobalt Copper Project, located in the premier Idaho Cobalt Belt of the USA, after receiving further highly encouraging results from geophysical surveys completed last year. The company has received the results from a second phase of Induced Polarisation ground geophysics surveying completed towards the end of last year. This 3 dimensional IP survey covered the very strong Long Tom Soil Anomaly - where very highgrade assays of up to 0.11% cobalt and 0.39% copper had been returned from surface soil sampling completed earlier in the year. Several very strong anomalies have been delineated in the new IP data. These include: A 750m x 750m anomaly that partially coincides with the Long Tom Soil Anomaly. The strongest portion of the source of this "Long Tom IP Anomaly" is modelled to lie within about 250 metres of surface; and A shallower, smaller, strong "Shallow Long Tom IP Anomaly" that coincides with the strongest surface geochemistry assays (1,095 ppm Co and 724 ppm Co). This anomaly is modelled to lie within about 100m of surface and may be a shallow extension of the deeper Long Tom IP Anomaly. Data collected during the second phase of IP surveying has also confirmed and refined the location of the undrilled Salmon Canyon IP Anomaly. This is a very strong IP anomaly located in a very prospective position - immediately along strike from the Salmon Canyon Deposit - and will also be targeted during the Company's next drilling program. Due to permitting limitations, all of the holes drilled during the company's maiden drilling program in 2018 evaluated the strike extensions of the Salmon Canyon Deposit, rather than the strongest IP anomalism. Assays returned included 5.5m @ 0.20% Co, including 0.3m @ 1.26% Co, with the results demonstrating that mineralization is closely associated with even moderate IP anomalism. Accordingly, there is considerable potential for these stronger IP anomalies to be associated with thicker and/or highergrade mineralization. The maiden 2018 drill program confirmed that significant cobalt copper mineralization is closely associated with IP anomalism and stronger IP anomalies are likely to be associated with thicker and/or higher grade mineralization; and Commercial terms to complete the acquisition of 100% of the Salmon Canyon Deposit revised.