Kincora approves Equity Incentive and Stock Option Plans

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Vancouver, BC — October 1st, 2021

Kincora Copper Limited (the Company, Kincora) (TSXV & ASX:KCC) announces Board approvals of a new Equity Incentive Plan (EIP) and issuance of Stock Options.

Details of the EIP, a consequence of the Company’s dual listing on the Australian Securities Exchange, will be provided in the annual Management Information Circular for the upcoming Annual General Meeting, are subject to shareholder and regulatory approvals, and follows a detailed annual Remuneration Committee review.

Under the EIP, the Company has granted 7,580,575 options with a two and a half year term to certain directors, officers, employees and consultants of the Company, which are exercisable at A$0.20 per share within the first eighteen-month period and A$0.30 per share after eighteenmonths. The options cannot be exercised until shareholder and Exchange approval for the EIP have been received.

About Kincora Copper Ltd.

Kincora Copper is an Australian Securities Exchange- and TSX Venture Exchange-listed exploration company focused on world-class gold-rich copper discoveries in Australia’s foremost porphyry belt (the Macquarie Arc, in New South Wales).

The company is drilling two advanced exploration-stage projects with hallmarks to neighboring mines that host to a combined total of over 20 million ounces gold and over five million tonnes copper (1).

Kincora has assembled an industry-leading technical team, which has made multiple world-class copper-gold discoveries, has “skin in the game” equity ownership and backed by a strong institutional shareholder base. The company’s exploration model applies a robust systematic approach utilizing modern exploration techniques supporting high-impact, value-add programs underpinned by targets with strong indications for world-class-scale potential.

(1) Bespoke March, 2020, request by Richard Schodde from MinEx Consulting for Kincora Copper.