DGAP-News

Cruz Corporate Update

DGAP-News: Cruz Capital Corp. / Key word(s): Miscellaneous
Cruz Corporate Update

26.10.2016 / 09:01
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia--(Newsfile Corp. - October 26, 2016) - Cruz
Capital Corp (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2AG5M) is pleased to
announce that company representatives will be presenting at the New Orleans
Investment Conference held at the Hilton New Orleans October 26-29th. The
New Orleans Conference has had a long tradition of gathering some of the
most influential people in the investment community, and brings together
many high net worth investors and fund managers. This year 'O'Rourke,
Grant, Krauthammer, Faber, Schiff, Moore, Altucher, Larson, Gartman, Casey,
Rule' will be speaking at the show as well. Management is excited to be
afforded the opportunity to present at this prestigious show.

Cruz recently increased the size of its Bucke Cobalt Prospect in the Larder
Lake mining division of Ontario. According to Province of Ontario Mineral
file MDl31M05NE00117, the property returned assays grading 13% COBALT and
240 g/t SILVER on this cobalt-focused prospect. Management expects to
commence exploration on this property shortly, utilizing the flow through
funds already on hand to fully assess this property. The Bucke Cobalt
Prospect is one of 4 cobalt prospects in Ontario currently held by Cruz.

Cruz President, James Nelson, stated, 'We are very pleased to be presenting
at the New Orleans Show. We are extremely optimistic about the future of
cobalt and feel that Cruz is at the forefront of this pending boom. Cruz
currently has 8 cobalt projects across North America as we only look to
work in politically stable and ethical jurisdictions.

We also plan to FORWARD split the shares in mid-November. Cruz is coming
into a very active time on our projects while cobalt prices are making 6
month highs. With cobalt being a key mineral in lithium-ion batteries, and
world demand rising for this market, we anticipate cobalt prices to
increase given no new cobalt mines have come into production in the last 45
years in North America, thus giving Cruz a distinct advantage being a first
mover into the space.'

Cruz is also proposing a Forward Split subject to acceptance by the TSX
Venture Exchange. The ratio being proposed will be 3:1. For example, this
means that if you are shareholder of record of 10,000 shares you would then
hold 30,000 shares upon completion and approval of the split. Subject to
such approval, the Company anticipates the record date to be approximately
November 14. An announcement will be made once the final date has been
confirmed by the exchange. Management feels that this split will be a
positive event for the company as this will create greater liquidity for
the shareholders, thus enabling a more transparent and consistent market.

Cruz is actively engaged in acquiring and developing Cobalt assets globally
and has already acquired several high-grade cobalt projects across North
America. Seven cobalt projects are located in Canada and one in Idaho. The
goal of the company is to make Cruz the foremost cobalt project generator
and developer on the TSX Venture Exchange. Management feels that cobalt is
at the early stages of a significant bull market and we are pleased to be
positioning Cruz at the forefront of this cycle.

The technical contents of this release were approved by Greg Thomson, PGeo,
a qualified person as defined by National Instrument 43-101. The property
has not been the subject of a National Instrument 43-101 report.

Cruz has also granted 50,000 incentive stock options to directors, officers
and consultants at an exercise price of .63 cents per share for six months.
The options have been granted in accordance with the company's stock option
plan.

If you would like to be added to Cruz's email list please send an email to
[e-mail] or twitter @CruzCapitalCorp

James Nelson
President
604.899.9150
Toll free 1.885.599.9150

www.cruzcapitalcorp.com
twitter @CruzCapitalCorp


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/23203

News Source: Newsfile


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26.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Cruz Capital Corp.


Canada
ISIN: CA22888P1053


End of News DGAP News Service
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514643 26.10.2016