Mr. James Hedalen reports

KOBREA RECEIVES APPROVAL TO CONDUCT MINERAL EXPLORATION AT EL DESTINO, SOFI AND CUPRUM PROJECTS - WESTERN MALARGÜE MINING DISTRICT - MENDOZA PROVINCE, ARGENTINA

The Senate and the Chamber of Deputies of the province of Mendoza, Argentina, have ratified by law, environmental impact statements for an additional 27 exploration projects in the Western Malargue mining district (the WMMD). As a result of the approvals, all of Kobrea's projects are now approved for mineral exploration activities, including drilling. At the company's El Perdido project, construction of an access road to the drill site is continuing and construction of an exploration camp is under way in anticipation of the maiden diamond drilling program set to commence in the coming weeks.

"Exploration projects within the Western Malargue mining district continue to be overwhelming approved by the provincial Legislature of Mendoza province," commented James Hedalen, chief executive officer. "In the session of the Mendoza Senate held on Dec. 9, 2025, in which the environmental impact statements for the additional 27 exploration projects in the Western Malargue mining district of Mendoza, including the Kobrea projects, were approved by law, the environmental impact statement of the San Jorge project was also discussed and approved by law. The San Jorge porphyry copper project is located in Uspallata in northern Mendoza province (Las Heras district), outside of the Western Malargue mining district, but the approval of mine development and construction of this project is a huge step forward for mineral exploration and development in the province of Mendoza. These approvals clearly demonstrate that the provincial government and the people of Mendoza support mining and believe in the economic opportunities that sustainable exploration and development will bring. I would like to congratulate the government of Mendoza, Impulsa Mendoza, the Chamber of Mining in Mendoza and the project vendors for their many years of hard work to get to this point."

Environmental impact statements

On Dec. 9, 2025, environmental impact statements for 27 mineral exploration projects were ratified in the provincial Legislature, allowing for the exploration and development of these projects in the Department of Malargue. The approval of this round of projects, referred to as "Metalliferous Mining Exploration of the El Destino Project and Others," came after an extensive process of public hearings, citizen participation and technical analysis.

About Kobrea Exploration Corp.

Kobrea Exploration is a mineral exploration and development company focused on the acquisition and exploration of base metal projects. Kobrea holds the right to earn a 100-per-cent interest in seven projects totalling over 733 square kilometres in southwestern Mendoza province, Argentina (see the company's Aug. 19, 2024, news release for details). The properties are considered highly prospective for porphyry copper and porphyry copper-gold deposits. Numerous porphyry copper targets have been outlined to date exhibiting multikilometre hydrothermal alteration footprints, anomalous copper plus or minus gold plus or minus molybdenum geochemistry, quartz stockwork veining, localized hydrothermal breccias and Miocene-aged dacitic to dioritic porphyry intrusions. Kobrea also holds a 100-per-cent interest in the Upland copper project in British Columbia, Canada.

We seek Safe Harbor.