Cameo Resources Corp. Effects 3-for-1 Forward Stock Split and Changes Name to Cameo Cobalt Corp.

VANCOUVER, British Columbia, May 23, 2018 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX-V:CRU) (OTC:CRUUF) (FWB:SY7D) (the "Company" or "Cameo") is pleased to announce that the Company's common shares will be split on a (1) one old for (3) three new basis. The Company is also pleased to report it will also change its name to "Cameo Cobalt Corp." Cameo's name change reflects the Company's new strategic focus on energy-metals exploration. The Company's trading symbol, "CRU", will remain unchanged.

Effective at the opening on Friday, May 25, 2018, the common shares of Cameo Cobalt Corp. will commence trading on a split basis on TSX Venture Exchange. Common shareholders of record at the close of business on May 28, 2018 will be mailed additional certificates.  The new certificates will be mailed on or about May 31, 2018.  The push-out method will be used to effect the split.

Outstanding stock options and share purchase warrants will also be adjusted by the forward split ratio, and the respective exercise prices of outstanding stock options and share purchase warrants will be adjusted accordingly. Shareholders of the Company, with or without a physical share certificate, do not need to take any action with respect to the forward split. The Company's transfer agent will send registered owners of common shares a share certificate or DRS advice which will represent the additional number of common shares to be received as a result of the forward split.

Post split Cameo will have 55,674,156 shares issued and outstanding.

CAMEO RESOURCES CORP.
 "Akash Patel"                                  

Akash Patel
President
(778) 549-6714
Email: [email protected]
www.cameoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.