Quantum Cobalt Corp. has appointed David Schmidt as the Company's CEO and to the board of directors. Mr. Schmidt has over 15 years of experience working as a consultant to private and public companies, advising on financings, corporate and financial disclosure, as well as corporate development.

He holds a bachelor of applied science (mining) from the University of British Columbia. He is currently a director of White Gold Corp. Greg Burns has resigned from the board of directors and as the Company's CEO.