21:03:18 EST Wed 04 Mar 2026
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Kobrea Exploration Corp
Symbol KBX
Shares Issued 52,968,540
Close 2026-03-03 C$ 0.62
Market Cap C$ 32,840,495
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Kobrea drills 1,739 metres to date at El Perdido

2026-03-04 15:18 ET - News Release

Mr. James Hedalen reports

KOBREA EXPANDS PHASE 1 DRILL PROGRAM AT EL PERDIDO PORPHYRY COPPER-GOLD-MOLYBDENUM SYSTEM - MENDOZA PROVINCE, ARGENTINA

Kobrea Exploration Corp.'s phase 1 diamond drill program at the El Perdido porphyry system is progressing as planned, with a total metreage of 1,739 metres drilled to date in three diamond drill holes. Based on geological observations of drill core, the company has expanded upon the originally planned three-drill-hole program and has commenced a fourth hole approximately 220 metres east of the initial drill pad. Kobrea holds the right to earn a 100-per-cent interest in seven projects totalling 733 square kilometres in southwestern Mendoza province, Argentina (see the company's Aug. 19, 2024, news release for details).

"The drill program at El Perdido continues to advance efficiently, supported by the efforts of our contractors and employees on site," stated James Hedalen, chief executive officer. "Geological observations from the first three holes provided valuable geological information that supports expanding the program with a fourth hole to further test and refine our understanding of the system."

El Perdido phase 1 drilling

The initial three diamond drill holes at the El Perdido porphyry copper-gold-molybdenum prospect had target depths of 500 metres each. Drill holes DD26ELP001, DD26ELP002 and DD26ELP003 were drilled to depths of 603 metres, 474 metres and 662 metres, respectively.

Drill hole DD26ELP004 has a target depth of 600 metres. This drill hole is targeting a zone of strong pyrite-chalcopyrite-molybdenum stockwork veining within potassically altered early mineral quartz diorite porphyry encountered in drill hole DD26ELP001, with the intent of extending the mineralized zone to depth.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Rory Ritchie, PGeo, vice-president, exploration, and a director of Kobrea and a qualified person under National Instrument 43-101.

About Kobrea Exploration Corp.

Kobrea 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.

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