European Cobalt Ltd. provided an update on activities presently underway and advise of a restructure of the Board of the Company. Appointment of Dale Ginn as Non-Executive Director: He is the founder of numerous exploration and mining companies and has led and participated in a variety of gold and base metal discoveries, many of which have entered production. His experience has included both senior and junior companies such as Goldcorp, Harmony Gold, Hudbay, Westmin, San Gold, Bonterra, Gatling Exploration and others. While specialising in complex, structurally controlled gold deposits, he also has extensive mine-operations, development and start-up experience. Mr. Eddie King and Mr. Don Carroll have resigned as Non-Executive Directors of the Company in the interests of reducing corporate overheads.