BERWYN, PA / ACCESS Newswire / March 10, 2026 / Chilean Cobalt Corp. (OTCQB:COBA) ("Chilean Cobalt" or the "Company") is pleased to announce the appointment of Paul Smith to its Advisory Board. Paul is an experienced resource sector executive and investor.

The addition of Paul to the Advisory Board reflects the Company's continued focus on strengthening its strategic and commercial expertise as it advances development of the La Cobaltera and El Cofre projects, as well as the continued earn-in work program at the NeoRe Rare Earth Project. Paul's extensive experience in the global mining sector, including leadership in major capital markets and mergers and acquisitions ("M&A") transactions, is expected to provide valuable strategic perspective as Chilean Cobalt evaluates development pathways, financing alternatives, and broader growth opportunities within the critical minerals supply chain in the Americas.

In the past 15 years, Paul has led in excess of USD $100 billion of capital raisings and M&A. Most recently, he was Chairman of Solgold plc, where he oversaw its $1.1 billion sale to JXCC. Paul is currently a Non-Executive Director of Echion Technologies and Seadrill Limited (NYSE:SDRL). He is also a founding partner of Energy Reach Partners, which advises and invests in companies involved in the production and processing of critical minerals.

Paul was previously the Head of Strategy at Glencore plc and a buy-side analyst at Marshall Wace Asset Management. He is a qualified Chartered Accountant and a graduate of Oxford University.

This press release does not constitute an offer or sale of, or the solicitation of an offer to buy, securities of the Company nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Chilean Cobalt Corp.

Chilean Cobalt Corp. is a US-based critical minerals exploration and development company focused on the La Cobaltera cobalt-copper project in northern Chile, one of the world's few primary cobalt districts. Chilean Cobalt is committed to creating ecological and social value for all stakeholders; economic value for Chile and the Chilean communities in which it operates; and financial value for its shareholders.

Safe Harbor Statement

This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Examples of forward-looking statements, include, among others, statements the Company makes regarding its ability to leverage the expertise of Paul Smith to uncover creative financing and growth opportunities, ability to establish "Proven" or "Probable" Reserves, as defined by the SEC under Industry Guide 7, through the completion of a Definitive Feasibility Study for the minerals that the Company seeks to produce and the inherent risks of mining, exploration, development, and processing operations that may negatively impact the business. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the Company. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

CONTACTS:

Chilean Cobalt Corp.
Duncan T. Blount
Chairman & CEO
Duncan.Blount@chileancobaltcorp.com

SOURCE: Chilean Cobalt Corp.

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Chilean Cobalt Corp. Announces Appointment of Paul Smith to the Advisory Board