Mr. James Hedalen reports

KOBREA COMPLETES NEXT PAYMENT UNDER PROPERTY OPTION AGREEMENT FOR ITS WESTERN MALARGUE COPPER PROJECTS - MENDOZA PROVINCE, ARGENTINA

Kobrea Exploration Corp. has completed the next payment to the optionors under its option agreement dated Aug. 14, 2024, pursuant to which the company has the exclusive right to earn a 100-per-cent interest in the seven projects comprising the Western Malargue copper projects, totalling 733 square kilometres (km) in southwestern Mendoza province, Argentina.

The payment consisted of $500,000 (U.S.) in cash and the issuance of 300,000 common shares of the company. The shares, and all other common shares of the company issuable under the option agreement, will be subject to a hold period of four months and one day following the date of issuance in accordance with applicable securities laws.

Under the terms of the option agreement, the company can acquire up to a 100-per-cent interest in the Western Malargue copper projects, subject to a 1.5-per-cent net smelter return (NSR) royalty in favour of the optionors, by issuing to the optionors an aggregate of 3.5 million common shares of the company and making cash payments to the optionors in the aggregate amount of $6.76-million (U.S.) in stages over a five-year period. For more information concerning the option agreement and the Western Malargue copper projects, please refer to the company's news release dated Aug. 19, 2024.

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 733 square km in southwestern Mendoza province, Argentina. 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 Pliocene- to Miocene-aged granodioritic to dioritic porphyry intrusions. Kobrea has entered into an alliance agreement with BHP Metals Exploration Pty. Ltd. to jointly advance exploration of the Western Malargue copper projects (see the company's Aug. 5, 2026, news release for details). Kobrea also holds a 100-per-cent interest in the Upland copper project in British Columbia, Canada.

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