Mr. Daniel Evans reports

COBRA VENTURE CORPORATION PROVIDES UPDATE REGARDING BRIDGE LOAN AMOUNT

Cobra Venture Corp. has provided the following update to its news release dated March 17, 2026, announcing the definitive agreement with Robinson Energy Ltd. in respect of a proposed reverse takeover transaction.

Further to the section entitled Bridge loan in the March 17, 2026, news release, Cobra confirms that the TSX Venture Exchange has approved a bridge loan to Robinson in the amount of $415,235, rather than $500,000 as previously disclosed. All other material terms of the bridge loan, including the interest rate of 7 per cent per annum, security over all of the assets of Robinson and the maturity provisions, remain unchanged.

Except as expressly set out herein, all other disclosure contained in the March 17, 2026, news release remains accurate and unchanged.

We seek Safe Harbor.