Are variables declared within EXEC SQL ... END EXEC excluded in Find All References?

If I place the cursor on W900-CUR and press Shift F12 Visual COBOL won't find any references. However, if I search for W900-CUR I will clearly see that the variable is used throughout the programme. Is this by design?

EXEC SQL BEGIN DECLARE SECTION END-EXEC.
01 W900-CUR SQL-CURSOR.
EXEC SQL END DECLARE SECTION END-EXEC.