Kincora Completes Private Placement

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

Kincora Completes Private Placement

Vancouver, BC— February 10, 2017

Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) announces that it has now

received the acceptance of the TSX Venture Exchange (the “TSXV”) to its previously disclosed

private placement (the “Private Placement”) of 1,543,720 shares at $0.345 per share (gross

proceeds of $532,584) and as a result has completed the Private Placement.

Notwithstanding the statement in the Company’s December 20, 2016 news release (the

“December 20 News Release”), the shares issued in the Private Placement are subject to a 4-

month hold expiring June 11, 2017.

Proceeds from the Private Placement will be applied to advancing Kincora’s exploration

portfolio, which includes a unique multi-target, multi-stage pipeline, between and on strike

from Rio Tinto’s largest global expansion project, the Oyu Tolgoi mine, and the Tsagaan Suvarga

Serven Sukhait development project in the Southern Gobi, Mongolia, and for working capital.

The Company paid finder’s fees of $4,201 in connection with the offering.

Following completion of the Private Placement Kincora has 50,165,679 shares and 2,947,500

warrants outstanding. The warrants have an exercise price of $0.54, expire November 28, 2018

subject to potential acceleration of the expiry date under certain circumstances.

Further, notwithstanding the statement in the December 20 News Release, the issuance of

186,831 shares to HPX Techco Inc., an affiliate of High Power Ventures, on account of loans

made in the course of the IBEX Transaction, has yet to occur and remains subject to TSXV

acceptance.

About Kincora

Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral

properties, with a focus on potential Tier 1 copper-gold projects in Mongolia.

For further information, please contact:

Sam Spring, President and Chief Executive Officer

[email protected] or +61431 329 345

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

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.