Cogitore Resources Announces Note Extension

TORONTO, ONTARIO--(Marketwired - May 22, 2014) - Cogitore Resources Inc. ("Cogitore") (TSX VENTURE:WOO) announced today that Dundee Resources Limited ("Dundee") has extended a note payable in the amount of $800,000 originally due on May 1, 2014 by twelve months to April 30, 2015.

Dundee is a subsidiary of Dundee Corporation which owns or controls more than 10% of the voting securities of Cogitore thereby making the extension of the note a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101").

About Cogitore Resources Inc.

Cogitore is a mining exploration company engaged in the exploration for base metals with high precious metal tenors on properties located in Quebec and Ontario. The strategic focus is on known mineralized tends in close proximity to existing infrastructure, experienced work forces and mining friendly communities.

Caution Regarding Forward-Looking Information

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of the Company. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Cogitore believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this new release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Cogitore disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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.