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Kincora Announces Shareholder Meeting Results

Shareholder Meetings

Kincora Announces Shareholder Meeting Results (December 13th, 2022) 1

www.kincoracopper.com [email protected] com

Kincora Announces

Shareholder Meeting

Results

Vancouver, British Columbia — December 13th, 2022

Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce the

results of voting at its Annual General and Special Meeting (“AGM” or the “Meeting”) on

December 13, 2022 at 4pm PST held by hybrid meeting with webcast from Vancouver, Canada.

All matters submitted to shareholders for approval as set out in the Company's Notice of

Meeting and Information Circular, dated November 3, 2022, were approved by the requisite

majority of votes cast at the Meeting with 11% of shareho lder proxies returned. Details of the

AGM are provided below.

A copy of the presentation made at the AGM is available at: https://kincoracopper.com/agm-

materials/

This announcement has been authorised for release by the Board of Kincora Copper Limited.

By order of the Board of Directors:

Cameron McRae, Chairman

[email protected] or +1 604 283 1722

Executive office Canada Subsidiary office Australia

400 – 837 West Hastings Street Vista Australia (formerly Leydin Freyer Corp Pty Ltd)

Vancouver, BC V6C 3N6, Canada Level 4, 100 Albert Road

Tel: 1.604.283.1722 South Melbourne, Victoria 3205

Fax: 1.888.241.5996 Tel: +613 9692 7222

About Kincora Copper Limited (ARBN 645 457 763)

Kincora Copper is an ASX and TSXV listed exploration company focused on world-class gold rich copper discoveries in Australia’s

foremost porphyry belt (the Macquarie Arc, in NSW).

The Company is drilling two advanced exploration stage projects with hallmarks to neighboring mines that host to a combined total

of over 20Moz gold and over 5Mt copper 1.

Kincora has assembled an industry leading technical team who have made multiple world-class copper-gold discoveries, who have

“skin in the game” equity ownership and who are backed by a strong institutional shareholder base. Our exploration model applies

a robust systematic approach utilising modern exploration techniques supporting high-impact, value add programs underpinned by

targets with strong indications for world-class scale potential.

For further information on Kincora please visit: https://kincoracopper.com

1 Bespoke March 2020 request by Richard Schodde from MinEx Consulting for Kincora Copper.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or

accuracy of this release.

Kincora Announces Shareholder Meeting Results (December 13th, 2022) 2

www.kincoracopper.com [email protected] com

AGM details

Audited Annual Report

Shareholders received and considered the Financial Statements for the financial year ended

December 31, 2021 and the report of the auditor thereon.

Number of Directors 99.65% For

Shareholders approved retaining the number of directors at five (5).

Election of Directors

Shareholders voted in favour of Kincora’s management’s nominees to the board of directors:

Jonathan (Sam) Spring ( 93.38% For), Ray Nadarajah ( 99.41% For), John Holliday ( 99.41%

For), Lewis Marks (96.38% For) and Cameron McRae (99.41% For).

Auditor Re-Appointed 99.66% For

Dale Matheson Carr-Hilton Labonte (“DMCL”) LLP was re -appointed Auditor of the Company

to hold office until the next AGM or until its successor is duly appointed, and the directors were

authorized to fix the Auditor’s remuneration.

Share Capacity 88.32% For

Shareholders passed a special resolution re-approving the capacity to issuance up to an

additional 10% capital over a 12 month period pursuant to ASX Listing Rule 7.1A as described

in the Information Circular.

Equity Incentive Plan 77.21% For

Shareholders passed a n ordinary resolution re-approving of the existing equity incentive plan

as amended as described in the Information Circular.

Shares for Services Agreement 82.11% For

Shareholders passed a n ordinary resolution re-approving of the existing shares for services

agreements as described in the Information Circular.

Issuance of Bonus Shares 84.40% For

Shareholders passed an ordinary resolution to approve issuance of bonus shares as described in

the Information Circular.