Kincora to issue Shares for Services

Vancouver, BC— December 20, 2018

Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) announces that it will issue 561,290 shares at a deemed price of 15.5 cents per share to certain directors, officers and service providers on account of services rendered during the period July 1, 2018, to September 30, 2018.

The issuance of shares is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. The services shares are to be subject to a four-month hold period.

The Company’s original Shares for Services plan was approved by written consent from disinterested shareholders and approved by the TSX Venture Exchange as announced November 14, 2016. The plan seeks to provide competitive packages to retain and attract key executives, align all senior executives/directors to the creation of value for shareholders and minimize the cash overheads of the Company.

Prior to the proposed issuance, Kincora has 70,109,090 issued shares, 8,976,799 warrants and 3,578,380 stock options outstanding.

About Kincora

Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in Mongolia. For further information: www.kincoracopper.com.

For further information, please contact:

Sam Spring, President and Chief Executive Officer [email protected] or +61431 329 345

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996