Robinson Energy Limited and Cobra Venture Corporation Enter into Definitive Agreement for Reverse Take Over Transaction

Calgary, Alberta--(Newsfile Corp. - March 17, 2026) - Cobra Venture Corporation (TSXV: CBV) ("Cobra") and Robinson Energy Limited (the "Corporation" or "Robinson") are pleased to announce that they have entered into a definitive agreement dated March 17, 2026 (the "Agreement"), with respect to the previously announced reverse takeover transaction (the "Transaction"). Pursuant to the Agreement, Robinson and a wholly-owned subsidiary of Cobra ("Cobra Subco") will amalgamate to become a wholly-owned subsidiary of Cobra, and former shareholders of Robinson will receive common shares in the capital of Cobra (the "Cobra Shares"), resulting in a change of control of Cobra.