KINCORA EXPLORATION AND 106-LICENSE UPDATE

Vancouver, BC – October 6th, 2014 – Kincora Copper Limited (the “Company”, “Kincora”)

(TSXV:KCC) has concluded drilling and other key field season activities at various copper porphyry

and gold targets at its wholly owned Bronze Fox project. The Company is currently waiting assay

results, integrating results and analysis from previous geological and geophysical programs.

During the 2014 field season, thirteen holes were completed for a total of 10087 meters, including

3027 meters of RC drilling. Various mapping, surface sampling and trenching activities took place,

particularly at the Sophie North and Happy Geo prospects. Drilling activities were focused on

Sophie North, Leca Pass and the south-eastern section of the previously known West Kasulu

prospect, recently named Shargal Tolgoi (“Yellowish Hill”) and areas of known mineralization that

remained largely untested with favourable Induced Polarization (“IP”) and magnetics. Refer to

Exhibit 1 for a high level summary, noting various prospects and targets remain open.

The Company will continue to inform the market of its exploration progress.



106-license update

Kincora, and the association of active former license holders, continue to have active discussions

with Government officials from the Ministry of Mining, Ministry of Finance and MRAM relating to

the 106-license dispute. The Government has announced that former license holders must

corroborate the expenses incurred for the said area and that verified expenses will form a “threshold

price” that will form the starting point for a competitive tender process to reissue the licenses. It is

specified in the competitive selection that if such a former license holder participates in the tender

process but does not win, its expenses incurred (agreed “threshold price”) will be paid, or

reimbursed as compensation by the successful bidder, with the license being granted with a full term

of tenure (ie up to 12 years) either to the former license holder or successful third party bidder.

The first 14-licenses with agreed threshold prices impacted by the 106-license dispute were

retendered on September 22nd with ten of these to have a second retender on October 22nd.

Kincora is yet to have its “threshold price” confirmed, continues to advocate for the costs previously

written down directly relating to our two former licenses as per our audited 2013 Financial

Statements ($6,952,000), and is yet to be provided with an indicative timeline for when our impacted

Golden Grouse licenses might be retendered.

As at the end of June, Kincora’s cash and cash equivalents was $4,466,000.

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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