West Vancouver, British Columbia – January 23, 2024 – Cobra Venture Corporation (the “Company” or “Cobra”) announces that in accordance with the terms of the Company’s stock option plan, the Company has granted 915,000 incentive stock options to certain directors, officers, employees and consultants, at an exercise price of $0.135 per share for a term of 5 years.  A number of the stock options being granted are in replacement of previously granted stock options that recently were exercised.

For further information visit the Company’s website at www.cobraventure.com.

For further information, please contact:

Daniel B. Evans

President and CEO

Email: info@cobraventure.com

(604) 922-2030