Kincora Issues Shares for Services
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES
Kincora Issues Shares for Services (November 25th, 2025) 1
Website: www.kincoracopper.com Email: [email protected]
12016585v4
Kincora Issues Shares for Services
Vancouver, British Columbia — November 25th, 2025 - Copper-gold explorer and hybrid
project generator Kincora Copper Limited (ASX & TSXV : “ KCC”) ( “Kincora” or “the
Company”) announces that, further to the shareholder meeting of the Company on August 27,
2025 (the “Shareholder Meeting”) where the issuance of common shares of the corporation
(“Common Shares”) at a deemed price of $0.50 p er Common Share (on a post -consolidation
basis) as consideration for the provision of certain services rendered from July 1, 2024, to June
30, 2025, was approved by disinterested shareholders (the “ Shares for Services
Transactions”), the following Common Shares have been issued as further set out below:
Service Provider Common
Shares
Peter Leaman 120,000
Jonathan Spring 160,000
Cameron McRae 200,000
John Holliday 48,000
Jeremy Robinson 50,000
Yuying Liang 72,000
The Shares for Services Transactions are subject to a number of conditions, including receipt of
all necessary regulatory approvals, including approval of the TSX Venture Exchange (the
“TSXV”).
As certain insiders are party to the Shares for Services Transactions , it may be considered a
"related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security
Holders in Special Transactions (" MI 61-101") and the TSXV. The Company is relying on the
exemptions from the formal valuation requirements of MI-61-101 contained in section 5.5 (a) and
as the fair market value of the common shares being issued to insiders in connection with the
Service Shares does not exceed 25% of the market capitalization of the Company, as determined
in accordance with MI 61 -101. The Company received minority shareholder approval for the
Shares for Services Transactions at the Shareholder Meeting.
Further details regarding the Shares for Services are contained in the Company’s management
information circular dated July 18 , 2025, which is available on SEDAR+ at www.sedarplus.ca
under the Company’s profile.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES
Kincora Issues Shares for Services (November 25th, 2025) 2
Website: www.kincoracopper.com Email: [email protected]
12016585v4
ABOUT KINCORA
Kincora Copper Limited ( “KCC”: ASX & TSXV) is an emerging Australia -focused copper -gold
explorer with a hybrid project generator strategy . The Company is now successfully proving up
the prospectivity of its extensive project portfolio, which includes multiple district -scale
landholdings and scalable drill ready targets. These assets are located in Australia’s Macquarie
Arc and Mongolia's So uthern Gobi, two of the globe’s leading porphyry belts, and the historical
Condobolin mining field within the Cobar superbasin in NSW.
To learn more, please visit: www.kincoracopper.com
This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)
For further information please contact:
Sam Spring, President and Chief Executive Officer Laurie Thomas, Strategic Advisor
[email protected] or +61431 329 345 [email protected] or +1306 341 3826
Media contact
Julia Maguire, Managing Director, The Capital Network
[email protected] or +61 2 7257 7338
Executive office Subsidiary office Australia
400 – 837 West Hastings Street C/- JM Corporate Services
Vancouver, BC V6C 3N6, Canada Level 6, 350 Collins Street
Tel: 1.604.283.1722 Melbourne, VIC, Australia 3000
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect
to: the issuance of the Shares for Services and receipt of the necessary regulatory approvals, amongst other potential items. Forward-
looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are
not statements of fact. Readers are cautioned not to place undue reliance on forward-looking information and statements.
Forward-looking information involve s numerous risks and uncertainties, and actual results might differ materially from results
suggested in any forward-looking information. These risks and uncertainties include, among other items: market volatility; the state
of the financial markets for the Company’s securities; fluctuations in commodity prices and investor sentiment; changes in th e
Company’s business plans; and, operating environments. Although Kincora believes that the expectations 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 its 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 ; regulatory approval of the Shares for
Services; continued availability of capital and financing and general economic; market or business conditions; and, investor sentiment.
Accordingly, readers should not place undue reliance on forward -looking information and statements. Readers are cautioned that
reliance on such information and statements may not be appropriate for other purposes.
The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained
herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or
update these forward-looking statements, except as may be required under applicable securities laws.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange)
or the ASX accepts responsibility for the adequacy or accuracy of this release.