Kobrea Expands Phase 1 Drill Program at El Perdido Porphyry Copper-Gold-Molybdenum System - Mendoza Province, Argentina

Executive Summary

• Kobrea Exploration reports Phase 1 diamond drilling at the El Perdido porphyry system has reached 1,739 m across three holes, with a fourth hole now commenced.
• The first three holes exceeded target depths (603 m, 474 m, 662 m) and provided geological data that justified expanding the program.
• Hole DD26ELP004 targets a strong pyrite‑chalcopyrite‑molybdenum stockwork zone to further delineate mineralization at depth.

Key Details

• Total drill meterage to date: 1,739 m across three holes.
• Hole depths:
• DD26ELP001 – 603 m (target 500 m)
• DD26ELP002 – 474 m (target 500 m)
• DD26ELP003 – 662 m (target 500 m)
• New hole: DD26ELP004 initiated ~220 m east of the original pad, target depth 600 m, aiming at a zone of strong pyrite‑chalcopyrite‑molybdenum stockwork veining within potassic alteration.
• Geological observations from the first three holes provided valuable information supporting program expansion.
• Qualified Person: Rory Ritchie, P.Geo., VP – Exploration & Director (NI 43‑101).

Notable Quotes

“The drill program at El Perdido continues to advance efficiently, supported by the efforts of our contractors and employees on site,” said James Hedalen, CEO.
“Geological observations from the first three holes provided valuable geological information that supports expanding the program with a fourth hole to further test and refine our understanding of the system.”