Cobalt 27 Announces Further Postponement of Annual General and Special Shareholders Meeting

TSX Venture: KBLT

OTCQX: CBLLF

FRA: 27O

TORONTO,Sept. 19,2019 --Cobalt 27 Capital Corp.("Cobalt 27" or the "Company") (TSXV:KBLT)(OTCQX:CBLLF)(FRA:27O) announced today thatits annual general and special meeting of shareholders (the "Meeting"),which was previously scheduled for September 23,2019,has been postponed and rescheduled to October 10,2019 at 10:00 a.m. (Toronto time). The record date of the Meeting will remain August 12,2019 and the location of the Meeting will remain the offices of Stikeman Elliott LLP,5300 Commerce Court West,199 Bay Street,Toronto,Ontario.

Cobalt 27 Capital Corp

Shareholder Information and Questions

Cobalt 27 shareholders who have questions or need assistance with voting their shares,can contact our proxy solicitation agent,Kingsdale Advisors:

Kingsdale Advisors

North American Toll-Free Number: +1.888.518.6554

Outside North America,Banks,Brokers and Collect Calls: +1.416.867.2272

Email:contactus@kingsdaleadvisors.com

North American Toll-Free Facsimile: +1.888.683.6007

Facsimile: +1.416.867.2271

About Cobalt 27 Capital Corp.

Cobalt 27 Capital Corp. is a leading battery metals streaming company offering exposure to metals integral to key technologies of the electric vehicle and energy storage markets.Cobalt 27 holds an 8.56% joint venture interest in the long-life,world-class Ramu operation which currently delivers near-term attributable nickel and cobalt production. Cobalt 27 also manages a portfolio of 11 royalties. Cobalt 27 also owns physical cobalt and a cobalt stream on the Voisey's Bay mine.

For further information please visit the Company website atwww.cobalt27.comor contact:

Betty Joy LeBlanc,BA,MBA

Director,Corporate Communications

+1-604-828-0999

info@cobalt27.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.

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