Cobra Venture Corporation appointed Sead Hamzagic as its Chief Financial Office. In connection with Mr. Hamzagic's appointment as CFO, Cyrus Driver has stepped down as an officer of the Company. Mr. Driver remains a Director of the Company. Mr. Hamzagic is a chartered professional accountant with 34 years of public practice and financial management experience. He has served, and continues to serve, as Chief Financial Officer for several TSX Venture Exchange and private companies, and is well versed in reporting requirements for public companies.