Kincora receives TSX Venture Exchange acceptance to Ibex Transaction

VANCOUVER, Oct. 31, 2016 – The Company is pleased to announce it has received the final acceptance of the TSX Venture Exchange (the “TSXV”) to the share exchange agreement with High Power Ventures Inc. (“HPV”), as detailed in news releases dated May 25, 2016 and June 8, 2016 (the “Ibex Transaction”).  With TSXV acceptance in place there remains only a few administrative matters to be addressed in order to proceed with the closing of the Ibex Transaction (“Closing”) anticipated to occur within the next week.  In this regard however, out of an abundance of caution, Kincora and HPV have agreed to extend the deadline for Closing to November 30, 2016.