First Cobalt Appoints Chief Financial Officer

First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) is pleased to announce that Mr. Ryan Snyder has joined the executive team as Chief Financial Officer.

Trent Mell, President & Chief Executive Officer, commented:
“As a we sharpen our focus on our flagship Iron Creek Project, we are consolidating the organization by closing the Vancouver office and moving the finance and accounting function to the Toronto head office. I look forward to working with Ryan, who brings extensive financial and strategic experience including financial reporting, business planning, project modeling and M&A.”

Mr. Snyder spent five years in operations finance with Inmet Mining Corporation, where he led a project to build the life-of-mine model for Cobre Panama, one of the largest copper development projects in the world. He also led the worldwide annual budgeting and quarterly forecasting processes, oversaw operational financial reporting and analysis, and conducted scenario analysis for strategic decision-making. He then joined Enirgi Group Corporation where he oversaw financial planning, asset modeling and corporate governance.  Most recently he was with Primero Mining Corp., initially as Director of Finance and Treasurer and later as Chief Financial Officer, where he was part of the team that negotiated the friendly merger of Primero with First Majestic Silver in 2018. Prior to entering the mining industry, Mr. Snyder obtained his Chartered Professional Accountant designation with KPMG LLP.

The Company would like to thank Mr. Kevin Ma for the very significant contributions that he has made to First Cobalt since the formation of the company. Mr. Ma has stepped down as Chief Financial Officer and Mr. Snyder will assume the role effective immediately. Mr. Ma will remain with First Cobalt in an advisory capacity during a transition period.