Puget Ventures Inc. has Changed its Name to Global Cobalt Corporation

Global Cobalt Corporation is an exploration-stage mining exploration and development company. The Company is a junior mining company focused on the acquisition, exploration and development of base metals properties. The Company focuses its operations on its Karakul Cobalt Project in the Altai Republic, Russia. The Karakul Cobalt Project includes a subsoil license issued to AltaiRudaMetall LLP (RuMetall), which permits exploration and extraction of copper-cobalt ore on the property. The Company's interests in exploration and evaluation assets are located in Altai, the Russian Federation. The Kuruozek property is located approximately 500 meters north of the Karakul property boundary. The Company has no producing resource properties. The Company has not generated any revenues.