Kobrea Exploration Corp. announced that field crews have been mobilized to commence the 2025 exploration program at multiple porphyry prospects on the Company's Western Malargüe Copper Projects. Kobrea holds the right to earn a 100% interest in the 7 projects comprising the Western Malargüe Copper Projects, totaling over 733 km2 in southwestern Mendoza Province, Argentina.

Initial exploration activities comprising geological mapping, rock chip sampling and talus sampling will be followed up by geophysical survey in the coming months. In the case of the El Perdido prospect, the Company intends to follow-up initial exploration activities completed by previous operators with diamond drilling later in the season. The results of historical exploration completed on the El Perdido prospect have outlined a sizable porphyry copper-gold-molybdenum target that has not seen drill testing of any kind.

The 6,878-hectare El Perdido prospect is host to a porphyry Cu-Au-Mo system that has been defined at surface but has not seen any drilling to date. The porphyry target is characterized as a 2 x 3-kilometre hydrothermal alteration footprint exhibiting classic porphyry alteration assemblages with localized potassic alteration coming to surface (Figure 1). A 900 x 500-metre area of quartz stockwork veining coincides with anomalous copper-gold-molybdenum rock geochemistry, mapped quartz diorite porphyritic intrusions, localized biotite breccias and potassic alteration in an area that is otherwise dominated by phyllic alteration.

Interpretation of ground magnetometer data collected in 2013 outlines a subsurface magnetic anomaly measuring roughly 1,000 metres across and extending 1,000 metres to depth that is surrounded by a decreased magnetic signature, representing an attractive geophysical target in the context of porphyry Cu-Au-Mo exploration. The Western Malargüe Mining District (WMMD) is a tool developed by the government of Mendoza through Impulsa Mendoza SA to respond to the challenge that the energy transition represents for the world. Detailed environmental impact studies over the entire WMMD area were completed as well as studies of geological and infrastructure potential to shorten the times required for the exploration of mining projects.

On November 12, 2024, environmental impact statements for 34 projects were ratified in the provincial legislature, allowing for the exploration and development of 34 mining projects in the department of Malargüe, and as part of this approval, two of Kobrea's projects, El Perdido and Elena, have been approved for mineral exploration activities, including drilling. The approval of the first 34 projects came after an extensive process of public hearings, citizen participation and technical analysis. Over the course of the next few months, more projects, including the remaining projects held by Kobrea in the WMMD, will undergo the same approval process.

Kobrea also announced that it has extended the term of its marketing agreement with MIC Market Information & Content Publishing GmbH ("MIC"). Under the terms of the extension, MIC will continue to provide marketing services to the Company for an additional 12-month period, and the Company will pay an additional EUR 200,000 to MIC.