EXCLUSIVITY AGREEMENT of Kincora Copper

Vancouver, BC – June 13th, 2014 – Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC)

announces that it has entered into an agreement granting exclusive rights to carry out due diligence with  respect to a potential joint venture, earn-in, strategic alliance, equity investment or other transaction in  respect to Kincora’s wholly owned Bronze Fox project (“Exclusivity Agreement”).

The Exclusivity Agreement contemplates various work programs being undertaken by the third party

during a staged review period in order to advance toward a Potential Transaction, and maintain certain exclusive rights to such a Potential Transaction and access to the properties/dataroom. The Exclusivity Agreement does not impact or restrict Kincora’s ability to undertake ongoing exploration activities or other customary corporate initiatives, such as private placements, securing additional licenses etc. Neither party is obligated to proceed with a Potential Transaction.

Kincora completed one of the most active copper exploration programmes in Mongolia during 2013. The Company recently resumed drilling activities, for the first time since December 2012, at high priority copper porphyry targets, following other initial exploration activities that have already commenced (refer  to our May 27th ”Exploration Update” press release for further details).

Commenting on today’s announcement, Sam Spring, President and CEO of Kincora, said: “Kincora is the last remaining listed copper junior in Mongolia without a strategic partner. This is despite Bronze Fox being one of the more advanced copper projects, situated in the Oyu Tolgoi mineralisation structural trend, offering large scale potential supported by known widespread lower grade copper mineralization, and localized higher grades, and strategically located in one of the most rapidly developing mining centers anywhere in the globe notwithstanding being in the center one of the last underexplored frontiers.The Company has attracted interest from various existing large-scale copper producers and welcomes advancing discussions with this particular group as we continue our ongoing drilling and other exploration activities at Bronze Fox. Kincora continues to have considerable support from new and existing shareholders, as illustrated by the recent oversubscribed private placement, and is actively pursuing various avenues to advance the technical progress of Bronze Fox.” The Company is captured under certain Confidentially Agreements that are customary for such an Exclusivity Agreement and will continue to inform the market of its exploration progress and any material corporate developments.

For further information, please contact:

Sam Spring, President and Chief Executive Officer

sam.spring@kincoracopper.com

+61431 329 345

http://www.kincoracopper.com
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