Kobrea to Close on $8.5 Million Private Placement

Vancouver, 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 www.sedarplus.ca and on the Company's website at www.kobreaexploration.com. 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 www.sedarplus.ca.

ON BEHALF OF THE BOARD OF DIRECTORS,

Per: "James Hedalen"
James Hedalen
CEO & Director

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company, and the implications of results from recent magnetometry analysis at the Property. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this news release include statements respecting: the Offering and the expected timing and use of proceeds therefrom and the receipt of all necessary approvals in respect of the Offering. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

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FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268828