Kincora Announces Shareholder Meeting Results

Kincora Announces Shareholder Meeting Results (March 3rd, 2023) 1

www.kincoracopper.com [email protected] com

Kincora Announces

Shareholder Meeting

Results and Closing of $2.4

Million Financing

Vancouver, British Columbia — March 3rd, 2023

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

results of voting at its General Meeting (the “Meeting”) on March 3, 2023 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 January 25, 2023 , were approved by the requisite

majority of votes cast at the Meeting with 32.12% of shareholder proxies returned. Details of the

Meeting are provided below.

Further to its news release dated December 12, 2022, the Company has closed its previously

announced private placement offering of 43,636,364 ordinary shares (represented by CDIs) at a

price of A$0.055 per share (the equivalent of Canadian share price of $0.05) for gross proceeds

of A$2.4 million.

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

Kincora Announces Shareholder Meeting Results (March 3rd, 2023) 2

www.kincoracopper.com [email protected] 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.

Meeting details

Ratification of Prior Issuance of Tranche 1 Placement Shares 99.66% For

Shareholders passed an ordinary resolution approving ratification of prior issuance of Tranche

1 Placement shares as described in the Information Circular.

Approval of Issue of Tranche 2 Placement Shares 99.59% For

Shareholders passed an ordinary resolution approv ing the issuance of Tranche 2 Placement

shares as described in the Information Circular.