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August 30, 2016

eCobalt Solutions Inc. Reports Annual Meeting Voting Results

Vancouver, B.C. August 30, 2016 - eCobalt Solutions Inc. (TSX:ECS) (the “Company” or “eCobalt”, formerly known as Formation Metals Inc.) announces the voting results from its 2016 Annual and Special Meeting (the ”Meeting”) held Monday, August 8th, 2016 in Vancouver, B.C.

A total of 40,173,279 common shares of the 105,892,405 common shares outstanding were voted, representing 37.94% of the issued and outstanding common shares of eCobalt. Shareholders voted in favour of all items of business before the Meeting, including the election of all directors as follows:

Nominee

Votes In Favour

Votes Withheld

Robert J. Quinn

26,919,340

111,320

David Stone

26,919,340

111,320

Robert Metka

26,919,337

111,323

Gregory Hahn

26,925,123

105,537

Scott Hean

26,873,907

156,753

David Christie

26,999,640

31,020

Paul Farquharson

26,925,337

105,323

The other resolutions passed at the Meeting were (1) the re-appointment of Smythe Ratcliffe LLP, Chartered Accountants, as the auditor of the Company; (2) reconfirmation of the Company’s Shareholder Rights Plan; and (3) amendment of the Company’s Articles, implementing advance notice procedures relating to the nomination of directors.

Detailed voting results for the 2016 the Meeting are available on SEDAR at www.sedar.com.

At the Board of Directors meeting following the Meeting the following officers were appointed:

Robert Quinn

Chairman

J. Paul Farquharson

President and CEO

Marcus Tran

CFO and Corporate Secretary

E.R. (Rick) Honsinger

Senior Vice President

About eCobalt Solutions Inc.

eCobalt Solutions is well established Toronto Stock Exchange listed company committed to providing a unique opportunity for consumers to acquire an ethically sourced, environmentally sound, transparent supply of battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, produced safely and responsibly in the United States.

eCobalt Solutions Inc.

“J. Paul Farquharson”

J. Paul Farquharson
President & CEO

For further information please contact:
eCobalt Solutions Inc., 1810 – 999 West Hastings Street, Vancouver, BC, V6C 2W2
Tel: 604-682-6229 - Email: [email protected] – Web: ecobalt.com


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August 8th, 2016, President’s Letter to Shareholders
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