Issuance of Fee Shares

Cobra, an exploration company focused on the Wudinna Gold and Rare Earth Project in South Australia, announces it has issued 170,000 ordinary shares of 1 pence each in the capital of the Company ("Fee Shares") to Market Bull Pty Ltd in lieu of payment for services rendered pursuant to an engagement letter dated 31 July 2023.

Admission and Total Voting Rights

The Company has made applications to the Financial Conduct Authority and the London Stock Exchange in connection with the admission of 170,000 Fee Shares which is expected to occur at 8.00 a.m. on 24 November 2023 ("Admission"). The Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that, following Admission, the Company's issued share capital will consist of 592,549,550 ordinary shares, each with one vote. The Company does not hold any ordinary shares in treasury. Following Admission, the total number of voting rights in the Company will be 592,549,550 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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