KOBREA EXPL CORP - KBXFF STOCK NEWS

Kobrea Exploration Corp (CSE: KBX, OTCQB: KBXFF) has completed its next payment under the Option Agreement dated August 14, 2024, for the Western Malargüe Copper Projects in Argentina. The payment included USD$187,500 in cash and 70,000 common shares, representing the first portion of the second payment.

The Option Agreement grants Kobrea the exclusive right to earn a 100% interest in seven projects covering over 733 km² in southwestern Mendoza Province. To acquire full interest, Kobrea must issue 3.5 million common shares and make cash payments totaling USD$6.76 million over five years, subject to a 1.5% net smelter return royalty for the optionors. The issued shares are subject to a four-month and one-day hold period.

Kobrea Exploration Corp. (OTCQB: KBXFF) has initiated its 2025 exploration program at the Western Malargüe Copper Projects in Argentina's Mendoza Province. The company has mobilized field crews to explore multiple porphyry prospects across their 733 km² property, where they hold rights to earn 100% interest in 7 projects.

The exploration program will begin with geological mapping, rock chip sampling, and talus sampling, followed by geophysical surveys. A key focus is the El Perdido prospect, a 6,878-hectare area featuring a porphyry Cu-Au-Mo system with a 2x3 kilometer hydrothermal alteration footprint. This prospect has never been drilled despite showing promising characteristics including quartz stockwork veining and anomalous copper-gold-molybdenum rock geochemistry.

Two of Kobrea's projects, El Perdido and Elena, have received environmental approval for mineral exploration activities, including drilling, as part of the Western Malargüe Mining District initiative.

Kobrea Exploration Corp (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) has appointed Paul Johnston, PhD, P.Geo., as Chief Geologist, while current Chief Geologist Rory Ritchie has been promoted to Vice President of Exploration. Johnston brings 37 years of experience, including 18 years at Teck Resources where he served as Regional Chief Geoscientist-South America. His expertise focuses on porphyry copper deposits, with significant experience in South America, Indonesia, China, and Australia. Johnston holds an MSc and PhD from Queen's University and will lead exploration activities at the company's Western Malargüe Copper Projects.

Kobrea Exploration Corp. has received approval from Mendoza Province, Argentina, for mineral exploration activities, including drilling, at its El Perdido and Elena projects in the Western Malargüe Mining District. The approval covers 34 mining projects following extensive public hearings and technical analysis. El Perdido Project features a 2x3km hydrothermal alteration footprint with a porphyry Cu-Au-Mo system. Elena Project encompasses a 5x7km trend with three porphyry prospects: Las Cargas, Tiburcio, and Cerro Bayo. This marks the first-ever drilling approval for Kobrea's projects, with five more projects awaiting approval.

Kobrea Exploration (CSE: KBX, OTCQB: KBXFF) has appointed Axemen Resource Capital and Darren Pylot as strategic advisors. Cal Everett, representing Axemen, and Pylot will assist Kobrea's growth as a copper exploration company, providing access to financial networks and advising on capital raising, corporate introductions, and M&A strategy. The advisors will support Kobrea's Western Malargüe Copper Projects in Argentina, where 12 major porphyry targets have been identified, with El Perdido being drill-ready. Both advisors bring significant experience: Everett has raised over $1 billion in resource markets, while Pylot led Capstone Mining's growth from a single-asset company to a leading intermediate copper producer.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) has completed the first payment under an option agreement to acquire up to 100% interest in the Western Malargüe Copper Projects in Argentina. The payment included USD$250,000 in cash and 100,000 common shares. To fully acquire the properties, Kobrea must issue 3.5 million shares and pay USD$6.76 million over five years, subject to a 1.5% net smelter return royalty. The company plans to conduct exploration activities, including a district-scale ZTEM survey to define hydrothermal alteration footprints and outline additional copper porphyry targets. Geological, geochemical, and geophysical surveys will follow to advance priority targets.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) has entered into an exclusive option agreement to acquire up to a 100% interest in the Western Malargüe Copper Projects in Argentina's Mendoza province. The portfolio comprises seven projects totaling 73,334 hectares within the Neogene Porphyry Belt, known for world-class copper deposits. Key highlights include:

- Two mapped Cu-Au-Mo porphyry systems previously explored by Vale
- 12 identified porphyry targets with no historical drilling
- Neighboring projects recently granted first-time drill permits
- Five-year option agreement structure
- 1.5% NSR royalty to optionors, with buyback options

The deal involves share issuances totaling 3.5 million and cash payments of up to USD $6.76 million over five years. Kobrea can earn partial interests at different stages and has flexibility regarding permit-related delays.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) has commenced trenching activities at its Upland Copper Project in south-central British Columbia. The 5,300-hectare project, located 20 km northeast of Barriere and 20 km south of Taseko Mines 's Yellowhead Project, hosts a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit.

The company plans to complete up to 1,000 metres of trenching to assess copper mineralization continuity at surface and define higher-grade domains for future drill targeting. Additional passive seismic surveys have been conducted to identify areas where bedrock can be reached over priority cross-sections of the deposit.

Kobrea has also engaged Black Swan Solutions Inc. (VHLA Media) for a two-month digital marketing campaign, including social media content development and distribution across various online platforms, for a fee of C$50,000 plus GST.

Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) has received exploration permits for its Upland Copper Project in south-central British Columbia. The project, spanning 5,300 hectares, is located 20 km northeast of Barriere and 20 km south of Taseko Mines 's Yellowhead Project. The British Columbia Ministry of Energy, Mines and Low Carbon Innovation has approved Kobrea's exploration plan, allowing for diamond drilling, trenching, and construction of excavated trails.

Crews are currently conducting additional passive seismic surveys on the project site to prepare for upcoming trenching activities. The Upland Copper Project hosts a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit with potential for expansion.