Kobrea to Close on $8.5 Million Private Placement

Executive Summary

• Kobrea Exploration Corp. announced the expected closing of its Brokered and Non‑Brokered private placements on October 3, 2025 for total gross proceeds of $8.5 million.
• The Brokered Offering will sell 7,753,000 units at $0.50 per unit for $3.8765 M, while the Non‑Brokered Offering will sell 9,247,000 units at $0.50 per unit for $4.6235 M.
• Proceeds are intended to fund ongoing exploration and development activities on Kobrea’s Argentine and British Columbia projects, subject to regulatory approvals.

Key Details

• Offering Structure:
• Brokered Offering: 7,753,000 units @ $0.50/unit → $3,876,500 gross proceeds.
• Non‑Brokered Offering: 9,247,000 units @ $0.50/unit → $4,623,500 gross proceeds.
• Total Aggregate Gross Proceeds: $8,500,000.
• Closing Date: Expected on October 3, 2025, contingent upon receipt of all required regulatory approvals (including CSE approval).
• Units Composition: (not detailed in release) – typically each unit may contain common shares and/or warrants as per prior offering terms.
• Amended Offering Document: Updated prospectus dated October 1, 2025 available on SEDAR and the company website.
• Use of Proceeds: To finance exploration and development of Kobrea’s portfolio (7 projects in Mendoza Province, Argentina and the Upland Copper Project in British Columbia).
• Regulatory Notices: Securities are not registered under U.S. securities laws; offering not available to U.S. persons unless an exemption applies.

Notable Quotes

“We are pleased to move forward with the closing of these financing transactions, which will provide essential capital to advance our high‑potential base metal projects in Argentina and British Columbia.” – James Hedalen, CEO & Director

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.