Complex formation and liquid-liquid extraction were studied in a system containing cobalt(II), 4-(2-pyridylazo)resorcinol (PAR), 1,4-diphenyl-3-(phenylamino)-1H-1,2,4-triazole (Nitron, Nt), water, and chloroform. The effect of some experimental parameters (pH, shaking time, concentration of PAR, and concentration of Nt) was systematically investigated, and the optimum conditions for cobalt extraction as an ion-association complex, (NtH + )[Co 3+ (PAR) 2 ], were found. The following key equilibrium constants were calculated: constant of association (Log = 4.77 ± 0.06), constant of distribution (Log D = 1.34 ± 0.01), and constant of extraction (Log ex = 6.11 ± 0.07). Beer's law was obeyed for Co concentrations up to 1.7 g mL −1 with a molar absorptivity of 6.0 × 10 4 L mol −1 cm −1 at max = 520 nm. Some additional characteristics, such as limit of detection, limit of quantification, and Sandell's sensitivity, were estimated as well.