Cobalt Energy Ltd. (TSX VENTURE:CB.A) (TSX VENTURE:CB.B) ("Cobalt" or the
"Company") today announces that it has filed the following reports for the year
ended December 31, 2008, as required under National Instrument 51-101 "Standard
of Disclosure for Oil and Gas Activities": Form 51-101F1 "Statement of Reserves
Data and Other Oil and Gas Information", Form 51-101F2 "Report on Reserves Data
by Independent Qualified Reserves Evaluators", and Form 51-101F3 "Report of
Management and Directors on Oil and Gas Disclosure". These documents can be
found for viewing by electronic means on the System for Electronic Document and
Analysis Retrieval at www.sedar.com.
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