Tuesday, 02 January 2024 12:17 GMT

Kobrea To Close On $8.5 Million Private Placement


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) (" Kobrea " or the " Company ") is pleased to announce that, further to its news releases dated September 17, 2025 and September 23, 2025, it expects to close its previously announced best efforts private placement (the " Brokered Offering ") and concurrent non-brokered private placement (the " Non-Brokered Offering " and, together with the Brokered Offering, the " Offering ") on October 3, 2025 for aggregate gross proceeds to the Company of $8,500,000.

The Brokered Offering will consist of the issuance and sale of 7,753,000 Units at a price of $0.50 per Unit for gross proceeds of $3,876,500, and the Non-Brokered Offering will consist of 9,247,000 Units at a price of $0.50 per Unit offered for gross proceeds of $4,623,500, for aggregate gross proceeds to the Company of $8,500,000.

An amended offering document dated October 1, 2025 related to the Offering can be accessed under the Company's profile at and on the Company's website at . Prospective investors should read this offering document before making an investment decision.

The securities have not been and will not be registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the "United States" (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The closing of the Offering is subject to the Company receiving all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

About Kobrea

Kobrea Exploration Corp. 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% interest in 7 projects totaling 733 km2 in southwestern Mendoza Province, Argentina (see the Company's August 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 multi-kilometre hydrothermal alteration footprints, anomalous copper ± gold ± molybdenum geochemistry, quartz stockwork veining, localized hydrothermal breccias and Pliocene to Miocene aged granodioritic to dioritic porphyry intrusions. Kobrea also holds a 100% interest in the Upland Copper Project in British Columbia, Canada.

For more information, please consult the Company's filings, available at .

ON BEHALF OF THE BOARD OF DIRECTORS,

Per: "James Hedalen"
James Hedalen
CEO & Director

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