AMN - NAMIBIA: High-grade copper and silver samples

Bankers Cobalt Corp has received high-grade copper and silver assay results from grab samples taken at the Kamanjab project in the Republic of Namibia. The samples returned up to 5.5%, 24.6% and 16.6% copper, and up to 3 g/t, 98 g/t and 239 g/t silver.

Kamanjab is a 135sqkm exclusive prospecting licence about 500km north of Windhoek, the capital of Namibia, and 90km from the town of Kamanjab. In July, Bankers Cobalt entered into a 70% option agreement on the project.

The company's president and COO Grant Dempsey said, “We are extremely excited about the high-grade results obtained from this preliminary assessment of the Kamanjab project.

"The project has visible copper over a large area at surface. The significant size of the licence gives the project the necessary area to have the potential for a major discovery.

"The mineralisation at the Kamanjab project is a supergene style of high-grade copper oxide mineralisation at surface and suggests the potential for high-grade oxide or sulphide mineralisation at depth. The widths and strike extent will be further defined with surface work programs planned for 2018.

"Namibia is a politically stable country with excellent infrastructure for mining and the Kamanjab project is in a semi-arid region of Namibia and is readily accessible for year-round exploration and development activity. Bankers primary focus will remain on the DRC portfolio of projects.”

During a site visit to Kamanjab in early August 2018, a total of seven grab samples were taken and sent to ALS Laboratories in Johannesburg South Africa for ICPMS multi-element analysis.

The results show potential for a large high-grade supergene copper zone to be present in the Dolomite sequence at Kamanjab.

Further work is planned in 2018 to determine the possible widths and strike length.

Bankers is a natural resource company with a primary focus on the acquisition, exploration and development of cobalt and copper mineral properties in the DRC to world-class Canadian standards.

As battery production for EV’s surges, demand for cobalt will probably exceed supply for many years.

According to a recent report by Transparency Market Research, global sales of lithium-ion batteries are expected to reach US$70 billion by 2024, for a compound growth rate of 11.6% over the years beginning in 2016. B

Bankers holds rights to 26 separate mineral concessions strategically located in the southern DRC Copperbelt and having a total area of more than 391sqkm.

www.bankerscobalt.com