Pacific Rim Cobalt Appoints SE Asia-based Executive G. B. Fielding to Board

VANCOUVER, British Columbia, July 05, 2018 (GLOBE NEWSWIRE) -- Pacific Rim Cobalt Corp. (CSE:BOLT) (FRANKFURT:NXFE) (OTCQB:PCRCF) (the “Company” or “Pacific Rim Cobalt”) a resource company with assets located proximal to the world’s largest cobalt market, is pleased to announce the appointment of Mr. Geoffrey Baille Fielding to its Board of Directors.

Mr. Fielding was educated at the Sorbonne in Paris and has an LLB from the faculty of law at the London School of Economics. He was an equity partner at Grenfell & Colegrave, one of the oldest city of London stockholding firms before the company was acquired by CIBC, Canada's largest retail bank. As a London director of CIBC's investment division, Mr. Fielding founded the overseas investment division in the Caribbean where over a three-year period he built up and managed funds valued at over USD$1-billion.

In 2007, Mr. Fielding moved to Southeast Asia where he is now based. He is currently president and chief executive officer of a Chinese investment management company and chairman of a Malaysian wealth fund. He represents both companies as well as several other Hong Kong and international clients regarding strategic investment opportunities.

Ranjeet Sundher, President of Pacific Rim Cobalt notes, “I am delighted to welcome Mr. Fielding as the most recent addition to our board today. His appointment is a singular opportunity that will pay dividends in terms of increasing our presence in China. Our strategy has always been focused on gaining a foothold in this rapidly growing marketplace. China is a global leader in the production of batteries to service the burgeoning electric vehicle industry and Mr. Fielding brings extraordinary access to numerous market influencers both in Hong Kong and across the nation. We look forward to working closely with him as we continue our quest to build demonstrable asset worth and ultimately shareholder value in what appears to be a robust battery minerals sector for the foreseeable future.”  

About Pacific Rim Cobalt (CSE:BOLT) (FRANKFURT:NXFE) (OTCQB:PCRCF) Pacific Rim Cobalt Corp. is a Canadian publicly listed company currently focused on the development of cobalt projects within Indonesia. Its Cyclops project encompasses cobalt and nickel mineralization as well as excellent infrastructure for year-round development activities. The Company believes cobalt will be the next dominant investment trend related to the critical components of lithium-ion batteries. Cobalt is currently in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary potential. Pacific Rim believes that the quality of our assets and our proximity to markets give us the opportunity to be a leader in the cobalt development space. For more information, visit:

Pacific Rim Cobalt Corp.

Ranjeet Sundher – President and CEO
(604) 922-8272

Steve Vanry – CFO & Director
(604) 922-8272

Sean Bromley – Director & Investor Contact
(778) 985-8934

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Notice Regarding Forward-Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Pacific Rim Cobalt’s continuous disclosure and periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "plan", "estimate", "expect", "intend", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding future oriented events and other statements that are not facts. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Pacific Rim Cobalt operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. Although Pacific Rim Cobalt has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Pacific Rim Cobalt disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Pacific Rim Cobalt does not assume any liability for disclosure relating to any other company herein.