Kincora drilling underway at brownfield Trundle project, NSW

Deeper core drilling commenced testing three large and mineralized porphyry targets at the Trundle project Trundle is the only brownfield project held by a listed junior in Australia’s foremost porphyry belt, and within the same mineralized complex as Australia’s second largest porphyry mine Excellent potential for new higher-grade porphyry and skarn copper-gold discoveries Vancouver, BC — April 22nd, 2020 Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to have commenced drilling activities at the Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (“LFB”), in central west New South Wales (“NSW”), Australia. A first phase drilling program is planned for six holes and 3,800 metres, testing three known mineralized targets seeking to discover a new cluster of porphyry deposits. Extensive porphyry and skarn-style copper-gold mineralisation and informal mining activities are associated with several Ordovician intrusive centres across the full Trundle license, which is located within a prolific mining and infrastructure district. John Holliday, Chairman of Kincora’s Technical Committee, and Peter Leaman, Senior Vice-President of Exploration, commented: “Modern systematic exploration at Trundle has utilised industry leading Induced Polarisation survey's, including HPX’s proprietary Typhoon system, and magnetic modelling which has been insufficiently followed up by drilling. Existing significant drill intersections supports vectoring to very compelling targets at three existing mineralised systems within a brownfield environment to Northparkes, Australia’s second largest porphyry mine where five deposits are defined. We are very excited by the upcoming high impact and funded drilling program at Trundle.” Sam Spring, President & CEO, noted: “Our team has demonstrated Tier 1 exploration success in the belt, which coupled with unique prior exploration experience at Trundle, and the quality of prior activities and results, has supported mobilising drilling within three months of agreeing the MoU with our now project level JV partner RareX Limited (ticker “REE” on the ASX). Significant preventative measures have been taken to proactively manage the potential impact of COVID-19 and execute a successful drilling campaign. These systems and policies reflect the guidance given by the State and Federal authorities, and include sourcing the on-site-team and supplies from within the region to both reduce the risk to, as well as financially support, the communities we operate in.   We look forward to considerable news flow over the coming months in a market that is still significantly rewarding exploration success in the Lachlan Fold Belt”.

Click here to view the full 7 page and 5 image announcement Click here for Proactive Investors Deep Dive Article (April 22nd, 2020)

Further highlighted details The Assay TV interview: Richard Schodde & John Holliday: Click Here (7th April, 2020) Corporate presentation: Click Here (7th April, 2020) Kincora closes agreement with RareX: Click Here (19th March, 2020)

Upcoming events : 121 Meetings Online - Hong Kong 28 - 29 April 2020 121 Meetings Online - EMEA 19 - 21 May 2020 To find out more about 121's new online meeting format, click here

About Kincora      Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in the Lachlan Fold Belt, NSW, Australia and Mongolia. For further information: www.kincoracopper.com.

For Further information please contact: Sam Spring President & Chief Executive Officer Kincora Copper +61 431 329 345 sam.spring@kincoracopper.com Enquiries: Christine Wootliff Investor Relations 121 Group +852 3628 2420 christine.wootliff@weare121.com