Kincora Issues Shares for Services

www.kincoracopper.com [email protected]

Kincora Issues Shares for Services

Vancouver, BC — April 09th, 2020

Further to its news release dated March 18th, 2020, Kincora Copper Ltd. (the “Company”,

“Kincora”) (TSXV:KCC) announces that it has issued total of 2,483,480 shares to certain

directors, officers and service providers on account of services (Shares for Services) rendered

during the period July 01 – September 30, 2019 (Q3) and October 01, 2019 – December 31,

2019 (Q4).

The Company has issued 1,043,480 shares at a deemed price of 0.069 cents per share for

services provided during the Q3 period and 1,440,000 shares at a deemed price of 0.05 cents

per share for services provided during the Q4 period.

The Company’s Shares for Services plan covered over these periods was approved by written

consent from disinterested shareholders and approved by the TSX Venture Exchange as

originally announced November 14, 2016. This plan, and the updated plan passed at the 2019

Annual General Meeting on September 26th, 2019, seeks to provide competitive packages to

retain and attract key executives, align all senior executives/directors to the creation of value for

shareholders, and minimize the cash overheads of the Company. During the September 26, 2019

Annual General Meeting amendment to the original Management agreements were approved by

disinterested shareholders with an effective date of January 01, 2019.

For further information:

Sam Spring, President and Chief Executive Officer

[email protected] or +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.