Kobrea Provides Update on Drill Program at El Perdido Porphyry Copper-Gold-Molybdenum System - Mendoza Province, Argentina

Kobrea announced on 9 April 2026 an operational update from its 2026 diamond‑drilling campaign at the El Perdido porphyry system in Mendoza, Argentina. Four holes (DD26ELP001‑004) have been completed; three reached or exceeded target depths (603 m, 474 m, 662 m) and core has been shipped for analysis. Hole DD26ELP004 was abandoned at 200 m due to unstable rock in a fault zone but intersected leached intrusive rock with chalcocite enrichment, confirming the presence of a chalcocite‑enriched zone that supports the company’s geological model. A fifth hole (DD26ELP005) has been started and construction of a third drill pad is under way to expand coverage before winter.

The announcement is an operational progress update with no disclosed assay results, financing changes, or regulatory milestones. It confirms that the drilling program is proceeding as planned and that early geological observations continue to support the target model. Because the market already expected a drill‑program rollout (see Jan 2026 mobilization announcements), the news does not materially alter valuation expectations. Hence it is Routine – Positive: incremental positive information but no immediate financial impact.

Kobrea Exploration Corp. focuses on early‑stage base‑metal porphyry projects in the Western Malargüe Mining District, Mendoza Province, Argentina. Its flagship is the El Perdido Cu‑Au‑Mo system (≈ 6,878 ha) with a 2 × 2 km hydrothermal alteration footprint. The company holds earn‑in rights to acquire 100 % of seven projects covering ~733 km², subject to a 1.5 % NSR royalty on the El Perdido property.