Fuse Cobalt Inc. announced the Company has received the final geophysical report from Simcoe Geoscience and has commenced a diamond drill program at the Glencore Bucke Property. The IP survey successfully detected geophysical signatures possibly related to narrow veins and sulphide and/or cobalt mineralization. The drill program has begun and is expected to be completed in approximately three weeks The IP Survey Highlights: Forty (40) individual chargeability anomalies across all eight (8) geophysical line-sections.

Two main anomalous zones that correlate across the line-sections (AZ-1 and AZ-2). Four (4) linear features traceable across a minimum of two line-sections that have potential to be a structure of interest. These are classified as æFirst Priority Targets'.

The west side of the grid contains the strongest of the geophysical anomalies and has the longest correlate able linear feature trending roughly North-South. The anomalies on the North-West part of the grid seem to positively correlate with the historical drilling assay results. The drill program has been planned to follow-up existing intercepts from the 2017-2018 drilling at depth as well as test the First Priority Target's outlined in the geophysical report.

This year's drill program has an initial budget of $500,000. Prior diamond drilling results from the 2017-2018 drill campaign include: GB17-07 intersected 7.64% Co over 0.26m from 99.79 to 100.05m. GB17-10 intersected0.55% Co over 5.00m from 28.00 to 33.00m.

GB17-15 intersected 0.90% Cu over 20.20m from 42.50 to 62.70m, including 8.42% Co over 0.30m from 62.40 to 62.70m. GB17-21 intersected 1.25% Cu over 6.10m from 67.50 to 73.60m, including 0.73% Co over 0.60m from 69.7 to 70.30m. GB18-44 intersected 0.11% Co and 1.04% Cu over 8.40m from 110.60 to 119.00m.

The Glencore Bucke Property consists of two patented mining claims totaling approximately 16.2 ha in area located on the west boundary of Fuse's Teledyne Cobalt Project. In 1981, Teledyne leased mining claim 585, now the "Glencore Bucke Property") from Falconbridge Nickel Mines Ltd. The company recognized the significant exploration potential that the Property had due to the possible southern extensions of veins from the Cobalt Contact Mine property adjoining to the north that could project southward onto the Property. Their work delineated two mineralized zones, named the Main Zone and Northwest Zone, measuring 500 ft (152.4 m) and 200 ft (70.0 m) in length respectively on the Glencore Bucke property.