Cobra Venture Corporation Announces Grant of Stock Options

Cobra Venture Corporation (the "Corporation") (TSX VENTURE:CBV) announces the
granting of 1,050,000 stock options to current directors and officers of the
Corporation. The stock options permit each individual to purchase common shares
of the Corporation at an exercise price of $0.16 per option, a price which
equals the close of market trading price on April 2, 2009, for a period of five
(5) years from the date of issuance. One quarter (1/4) of the options granted to
each of the foregoing persons will vest immediately, with a further one quarter
(1/4) to vest on the six, twelve and eighteen month anniversary of the granting
of the options.


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.

Cobra Venture (TSXV:CBV)
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