Kincora Announces Share FOR Debt Transaction

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

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

KINCORA ANNOUNCES SHARE FOR DEBT TRANSACTION

Vancouver, BC –August 4 th, 2017 – Kincora Copper Limited (the “Company”, “Kincora”)

(TSXV:KCC) announces that, subject to regulatory approval it h las entered into agreement with a

director of the company to settle a debt of $ 42,000 for the issuance of 127,272 common shares,

which will have a deemed price of $0.33.

About Kincora

Kincora Copper Limited. is a j unior resource company engaged in the acquisition, exploration and

development of mineral properties, with a focus on copper-gold projects in Mongolia.

For further information on the Company, please visit www.kincoracopper.com

Forward-Looking Statements

Certain information regarding Kincora contained herein may constitute forward -looking statements

within the meaning of applicable securities laws respecting the closing of the Merger and the

expectations from the completion of the Merger. Forward-looking statements may include estimates,

plans, expectations, opinions, forecasts, projections, guidance or other statements that are not

statements of fact. Although Kincora believes that the expectations and assumpt ions reflected in

such forward-looking statements are reasonable, it can give no assurance that such expectations will

prove to have been correct. Kincora cautions that actual performance will be affected by a number of

factors, most of which are beyond it s control, and that future events and results may vary

substantially from what Kincora currently foresees. Factors that could cause actual results to differ

materially from those in forward -looking statements include market prices, exploitation and

exploration results, continued availability of capital and financing and general economic, market or

business conditions as well as changes in the regulation of the mining industry in Mongolia. The

forward-looking statements are expressly qualified in their entir ety by this cautionary statement. The

information contained herein is stated as of the current date and is subject to change after that date.

The Company does not assume the obligation to revise or update these forward -looking statements,

except as may be required under applicable securities laws.

For further information, please contact:

Sam Spring, President and Chief Executive Officer

Email: [email protected] Phone: +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.