Cobre Exploration Corp. increases non-brokered private placement

VANCOUVER, Sept. 20 /CNW/ - Cobre Exploration Corp. (TSX-V: CKB.H) (the "Company") announces that further to the Company's news release of September 2, 2010, the Company has increased the non-brokered private placement from 4,00,000 units to 4,262,500 units at a price of $0.22 per unit to raise gross proceeds of $937,750. Each unit consists of one common share and one-half of one share purchase warrant. Each full warrant is exercisable into one common share at a price of $0.35 for a two-year period. Finder's fees will be paid in connection with the private placement. Proceeds of the offering will be for operating and working capital requirements, and for future business purposes.

The foregoing is subject to regulatory acceptance.

On behalf of the board,

    
    Allan Williams
    President
    

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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For further information: Terri Anne Welyki - 604-681-6855