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Kincora strengthens board with new Chairman and Technical Director

Management Changes

800–1199 West Hastings Street, Vancouver, BC V6E 3T5

Phone +1 604 283 1722 Fax +1 888 241 5996

Kincora strengthens board with new

Chairman and Technical Director

 Luke Leslie, instrumental in the formation of Kincora, and its capital market and M&A

strategy since, appointed Non-Executive Chairman

 John Holliday, currently Chairman of Kincora’s Technical Committee, is appointed as

Independent Non-Executive Technical Director

 Changes strengthen the board and reflect the Company’s exploration and further

expansion strategy

Vancouver, BC— February 1st, 2017

Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) announces the appointment

of Luke Leslie as Non-Executive Chairman and John Holliday as an Independent Non-Executive

Technical Director, effective immediately.

Luke is a seasoned natural resource specialist private equity investor, with previous M&A and

capital market transaction experience, including having been based in Mongolia working on

acquisitions in the mining and metals sector. John has a track record of success in global gold-

copper deposit exploration, discovery and evaluation, particularly with concealed porphyries

such as those that the Oyu Tolgoi-Tsagaan Suvarga copper belt is prospective for where Kincora

holds the dominant regional landholding.

The structure of Kincora’s existing Board, Technical Committee and Advisory Board otherwise

remain unchanged following these internal appointments. Further details on each of Luke and

John can be found in the attachment of this announcement.

Sam Spring, President and CEO commented, “Luke and John have impressive track records in

their respective fields and I am confident the new internal positions will only further support

significant contributions to Kincora’s exploration and expansion strategies.”

Luke Leslie, Non-Executive Chairman added, “Kincora has opportunistically used the cyclical

commodities downturn to expand its footprint in Mongolia’s prospective Southern Gobi copper

belt, advance its extensive proprietary geological database and advance a number of

prospective targets which warrant drill testing this year.

The region is now being transformed through billions of dollars of investment and new

exploration activity, and we are well positioned to benefit from these developments.”

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

ATTACHMENT

Mr. Luke Leslie

Non-Executive Chairman

Luke was instrumental in the formation and capitalisation of Kincora in 2011/2012, its capital

market and M&A strategy since. He brings extensive capital markets, transaction and advisory

experience as a private equity investor and previously as a corporate financier with UBS

Investment Bank’s metals and mining team.

Luke has served as Chairman of Kincora’s Audit Committee and been a member of the

Remuneration Committee since 2012. He is a Director of Shanta Gold where he is Chairman of

Shanta’s Remuneration Committee and a member of the Audit Committee. Luke is a Director of

Moly World, a private molybdenum and tungsten developer in Mongolia and a Director of Origo

Advisors Limited.

Luke was based out of Ulaanbaatar between 2010 and 2012 and has extensive experience in

natural resource opportunities both globally and in Mongolia. In Mongolia, one of Luke’s roles

was as co-Head of the Trafigura Origo Joint Venture which reviewed over 100 exploration

licenses and over 30 mining licenses in addition to the proprietary databases and exploration

data which Kincora has established since 2011.

Mr. John Holliday

Independent Non-Executive Technical Director, Chairman of the Technical

Committee

John has over 30 years’ experience in metals exploration mostly with BHP Minerals and

Newcrest Mining, including the positions of Chief Geoscientist and General Manager, Property

Generation and more recently in the junior sector. He was a consultant geologist to Kincora

from mid 2015, becoming Chairman of the then newly formed Technical Committee in

November 2016 (refer the press release: Copper experts credited with multiple Tier 1

discoveries join Kincora’s team) before joining the board.

John was a principal discoverer and site manager of the undercover Cadia and Marsden

porphyry Tier 1 gold-copper deposits in NSW, and was a principal geological advisor on the

acquisition of many significant projects, including Namosi and Wafi-Golpu.

John has worldwide experience in gold-copper deposit exploration, discovery and evaluation,

with extensive experience in exploration and discovery of concealed copper-gold porphyries

such as those that the Oyu Tolgoi-Tsagaan Suvarga copper belt is prospective for.

John has a geophysics/geology honours degree from Macquarie University and

economics/politics degree from Sydney University. He is a member of the Australian Institute of

Geoscientists, the Australian Society of Exploration Geophysicists and the Society of Economic

Geology.

800–1199 West Hastings Street, Vancouver, BC V6E 3T5

Phone +1 604 283 1722 Fax +1 888 241 5996

Recent news flow (all available at www.kincoracopper.com)

Jan 10th - Brownfield Devonian open pit target advanced

Dec 20th - Closes Oversubscribed Offering

Dec 7th - Announced Private Placement, Debt Settlement

Nov 28th - Re-registration of IBEX licenses achieved, field activities concluded

MINEX forum London presentation (audio recording and presentation)

Nov 22nd - Proactive Investors article: Kincora Copper now has a solid base from which to embark on a

serious elephant hunt

Nov 18th - Proactive Investors interview: Kincora Copper Ltd 'excited' by targets identified at Bayan Tal

in Mongolia

Nov 17th - Kincora outlines multi-target, multi-stage strategy for Tier 1 porphyry copper-gold

exploration in Mongolia

New presentations: The leading expansion strategy along an emerging world class belt

Nov 14th - Copper experts credited with multiple Tier 1 discoveries join Kincora’s team

Nov 7th - Closing achieved for Kincora consolidating the dominant landholding in the Southern Gobi

copper (gold) belt

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.