DGAP-News

Cruz Proposes Name Change to Cruz Cobalt Corp.

DGAP-News: Cruz Capital Corp. / Key word(s): Miscellaneous Cruz Proposes Name Change to Cruz Cobalt Corp. 09.02.2017 / 09:01 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - February 9, 2017) - Cruz Capital Corp (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2AG5M) is pleased to announce that management is proposing to change the company's name to Cruz Cobalt Corp to accurately reflect the company's focus on high grade North American Cobalt prospects. The name change is pending exchange approval.

Cruz President, James Nelson, stated, 'By changing the name to Cruz Cobalt
Corp, management feels it will accurately reflect the company's focus on
cobalt. Cruz's advantage is that we have multiple high grade cobalt
projects in North America and have been enjoying first mover status in the
space by being able to acquire these high historical grade cobalt projects
before the recent 'rush' into the sector. We have cash on hand and plan to
have a very active work season commencing shortly. Management feels that
cobalt prices are starting a significant price climb, similar to the move
that lithium enjoyed over the past two years. Cobalt prices closed at a new
5-year high yesterday and we are extremely optimistic about the short and
long term growth drivers on Cruz Cobalt Corp.'

On Feb 7 2017, the company also reported it is now fully DTC eligible on
the USA markets. Being fully DTC eligible will now enable USA brokerage
firms to clear Cruz shares in their home market not via the Canadian market
therefore creating a much more transparent and easily accessible trading
situation for the USA market.

'Cruz employed early mover advantage as Cruz has been able to acquire, what
we feel is one of the best collections of cobalt prospects in North America
before the majority of the recent cobalt entrants were in the space. Cruz
currently has Seven cobalt projects located in Canada and one in Idaho.
Cruz's 4 separate Ontario cobalt prospects, according to government mineral
files, returned cobalt grades of 13% on the 900 acre Coleman Cobalt
Prospect and 10.5% cobalt on the 900 acre Johnson Cobalt Prospect. The 5500
acre Hector Cobalt Prospect was a past producing cobalt mine and the 1480