Cobra Venture Announces Normal Course Issuer Bid

Cobra Venture Corporation ("Cobra" or the "Corporation") (TSX VENTURE:CBV)
announces that it has filed with the TSX Venture Exchange a Notice of Intention
to Make a Normal Course Issuer Bid which shall commence on December 1, 2010 and
terminate on November 30, 2011 or the earlier of the date all of the shares
which are subject to the Normal Course Issuer Bid are purchased. 


In the opinion of the board of directors of Cobra, the market price of the
common shares of the Corporation does not accurately reflect the value of those
shares. As a result, Cobra's common shares may continue to become available for
purchase at prices which make them an appropriate use of funds of the
Corporation.


The Corporation intends to attempt to acquire up to an aggregate of 847,037 of
its common shares over the next 12 month period representing approximately 5% of
the issued and outstanding common shares of the Corporation. There were
17,440,748 common shares of the Corporation issued and outstanding as of
November 12, 2010.


Purchases subject to this Normal Course Issuer Bid will be carried out pursuant
to open market transactions through the facilities of the TSX Venture Exchange
by McIver Wealth Management Consulting Group, Richardson GMP Limited on behalf
of Cobra. All common shares of the Corporation purchased by Cobra under the
Normal Course Issuer Bid will be returned to treasury and cancelled.