Mr. James Hedalen reports

KOBREA ANNOUNCES $5 MILLION BEST EFFORTS PRIVATE PLACEMENT OF UNITS

Kobrea Exploration Corp. has entered into an agreement with Kernaghan & Partners Ltd. to act as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents including Beacon Securities Ltd. and Red Cloud Securities Inc., pursuant to which the agents have agreed to sell, on a best-effort-private-placement basis, up to 10 million units of the company at a price of 50 cents per unit for aggregate gross proceeds to the company of up to $5-million.

The units will be issued pursuant to Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share at a price per share of 75 cents for a period of 24 months from the date of issuance, provided the warrants may not be exercised for a period of 60 days from the date of issuance.

The company intends to use the net proceeds of the offering toward drilling and exploration at the company's projects in Mendoza province, Argentina, and for working capital and general corporate purposes.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the units will be offered for sale: (i) to purchasers resident in all provinces of Canada, other than Quebec, pursuant to the listed issuer financing exemption; (ii) in the United States pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws; and (iii) jurisdictions outside of Canada and the United States that are mutually agreed to by the company and the lead agent, provided that no prospectus filing, registration statement or comparable obligation arises and the company does not thereafter become subject to continuous disclosure obligations in such jurisdictions. The securities issued under the listed issuer financing exemption will not be subject to a hold period under applicable Canadian securities laws.

There is an offering document dated Sept. 17, 2025, related to the offering and the use by the company of the listed issuer financing exemption that can be accessed under the company's profile and on the company's website. Prospective investors should read this offering document before making an investment decision.

The offering is expected to close on or about Sept. 30, 2025, and is subject to the company receiving all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

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 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 Pliocene-to-Miocene-aged granodioritic-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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