European Cobalt Limited announced Mr. Tolga Kumova and Mr. Robert Jewson have been appointed as Non-Executive Chairman and Managing Director respectively. Both Mr. Kumova and Mr. Jewson have recently returned from Dobsina and are in the process of finalising a substantial exploration program to be undertaken across the high grade Dobsina Nickel-Cobalt Sulphide Mine. Mr. Kumova is a resource industry entrepreneur and corporate finance specialist with over 15 years' experience in stockbroking, IPOs and corporate restructuring.

Tolga was previously Managing Director and founding shareholder of Syrah Resources Limited. Mr. Jewson is a geologist with 11 years of experience from junior to major mining and exploration companies throughout a variety of jurisdictions and commodities. He has conducted both corporate and technical roles within the mining and exploration sectors inclusive of due diligence, business development, exploration management, acquisitions/divestment and corporate structuring.

Mr. Nathan Taylor has resigned as Non-Executive Director in order to pursue other business interests. Mr. Don Carroll has transitioned from Chairman to Non-Executive Director.