Kobrea Exploration is pleased to announce that it intends to undertake a non-brokered private placement to raise gross proceeds of up to $1,500,000 through the issuance of a combination of hard-dollar units and common shares issued on a flow-through basis pursuant to the Income Tax Act. Under the proposed Private Placement, the Company intends to offer up to 4,000,000 HDUs at $0.25 per HDU, for gross proceeds of up to $1,000,000, and up to 1,515,151 FT Shares at $0.33 per FT Share, for gross proceeds of up to $500,000. Each HDU will be composed of one (1) common share of the Company and one-half of one (1/2) common share purchase warrant, with each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.50 for a