Quantum Cobalt Corp. announced that it is in the process of planning a preliminary program on the Nipissing Lorrain Mine" Cobalt-Silver-Nickel Property (collectively, the 'Nipissing Lorrain Mine Property' or the 'Property') which will focus on sampling and determining the size of a dump pile of material that was excavated during historic underground development work ('development rock pile'). The program is in the initial stages of planning and may consist of reverse circulation drill holes on a tightly spaced grid to collect representative samples and dimensions of the pile. The samples collected will be assayed to understand grade distribution and geometry of the pile. Select representative samples will undergo flotation test work to determine cobalt grade recovery as well as arsenic concentrations. Permits for this work have not yet been applied for. The recently completed first phase exploration program included grab samples from the historic development rock pile of the historically mined `Staples Vein'. The average grade of the 15 previously released samples sent for assay from the pile was over 2.33% Co, with a peak value of 8.33% Co. The grab samples were carefully selected and are not necessarily representative of the mineralization hosted on the property.