CBV Cobra Venture Corporation

Cobra Venture Corporation (the "Corporation") (TSX VENTURE:CBV) is pleased to
announce that, further to its announcement on March 27, 2012, the Corporation
has completed the acquisition of certain lands and premises located in the
Municipal District of Rocky View No. 44, in the Province of Alberta, consisting
of approximately 15.78 acres, excepting thereout all mines and minerals (the
"Lands") for an aggregate purchase price of $3,975,000. The Corporation believes
that the Lands have a strategic value that will integrate into the Corporation's
future business plans.


About Cobra Venture Corporation

Cobra Venture Corporation is an emerging energy corporation focused on the
acquisition and development of strategic oil and natural gas reserves in Western
Canada. Common shares of the corporation trade on the TSX Venture Exchange under
the symbol CBV.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cobra Venture Corporation
Daniel B. Evans
President and CEO
(604) 922-2030
Canadian Toll Free (888) 888-9122
US Toll Free (888) 888-9123

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