Mr. Sam Spring reports

KINCORA APPOINTS BRENT COOK AND LAURIE THOMAS AS STRATEGIC ADVISORS AND DERIVATIVE EXERCISE

Kincora Copper Ltd. has appointed Brent Cook and Laurie Thomas as strategic advisers.

The newly formed advisory board will augment the company's exploration, asset-level partner and corporate strategies, and follows the recently oversubscribed non-brokered private placement cornerstoned by leading North American natural resource sector investors including Rick Rule and Jeff Phillips.

The company expects significant growth in its exploration activities and further asset-level partnerships, and is working to secure highly credentialled personnel to assist with this.

Kincora also notes the exercise of 78,000 stock options relating to the September, 2023, financing and 67,000 warrants relating to the July, 2025, financing.

Sam Spring, president and chief executive officer, and Cameron McRae, chairman of Kincora, commented: "Kincora is delighted to have attracted such a high-calibre advisory board to expand and strengthen our team. The additions of Brent and Laurie assist, accelerate and increase recognition of our multielement and asset portfolio strategy to create shareholder value.

"Brent is a globally recognized economic geologist and industry veteran with extensive capital markets and technical experience, including having worked on porphyry copper and epithermal gold systems related to the Circum-Pacific, western North America, the Caribbean arc, the Tethyan/Carpathian magmatic belt and the Lachlan fold belt. Brent further strengthens our industry-leading technical team.

"Laurie's strategic and commercial experience, coupled with extensive relationships in the North American capital markets, will similarly add to Kincora's corporate engagement and strategy.

"We are also pleased to note the exercise of investor options and warrants providing further treasury to the company."

About Brent Cook

Mr. Cook is a renowned exploration analyst and economic geologist with over 40 years of experience in mineral exploration, mining and related financial sectors.

Mr. Cook has been and remains a highly respected consultant to various funds, major mining companies and junior explorers. Mr. Cook founded the widely respected and followed Exploration Insights newsletter and remains a senior adviser.

He received a BSc in geology from Utah State University in 1978, and has worked in over 60 countries and in virtually all geological environments.

During his independent consulting service, he has provided advice and analysis to several funds and companies, including Global Resource Investments Ltd.; Rick Rule; AMEC (MRDI); Mount Isa Mines; Kennecott Mining; Rio Tinto Mining; Barrick Gold (Homestake); Meridian Gold Corp./Yamana; Freeport McMoran (Cyprus-Amax); and Newmont Mining (Santa Fe). From 1997 to 2002, he was senior mining analyst for Rick Rule at Global Resource Investments (now Sprott Global) and General Partner Expo 1999 and 2000 funds.

About Laurie Thomas

Ms. Thomas is an experienced executive, director and consultant in the natural resource and accounting sectors.

She has extensive relationships in the North American capital markets with strategic and commercial leadership roles spanning audit and consulting, risk management, first nations advisory, mining finance, and corporate communication.

Ms. Thomas holds a bachelor of commerce degree with a major in accounting from the University of Saskatchewan. She obtained a certified management accountant designation in 2008, is one of the first graduates of the CIRI/Ivey Business School investor relations certification program and received her fellowship in 2022 from the Canadian Institute of Investor Relations. Ms. Thomas has served on several boards as a director and chair of the audit committee, such as CMA Saskatchewan before merging in what is now CPA Saskatchewan (six years on the board), Meadow Lake Tribal Council Industrial Investments Board as a director and chair of the audit committee, and most recently F3 Uranium Corp. as a director and the chair of audit committee.

About the derivative exercise: Alongside Kincora's September, 2023, financing, 2.78 million two-year options with a 75-Australian-cent strike price were issued (all prices and security numbers in this release are presented following the one-for-10 consolidation of securities completed in September, 2025). Of these options, 78,000 have been exercised with the balance lapsed.

Alongside Kincora's July, 2025, unit financing, 13,333,333 three-year warrants with a 50-Canadian-cent strike price were issued. All warrants underlying the units are subject to a four-month-plus-one-day hold period and shares underlying the units subject to a one-year hold period. Of these warrants, 67,000 have been exercised.

About Kincora Copper Ltd.

Kincora is an emerging Australia-focused gold-copper explorer with a hybrid project generator strategy.

The company is proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill-ready targets. These assets are located in Australia's Lachlan fold belt and Mongolia's Southern Gobi, two of the globe's leading porphyry belts, and the historical Condobolin mining field within the Cobar superbasin in New South Wales.

The company has already unlocked over $100-million of potential partner financing for multiple earlier-stage and/or non-core porphyry projects. These initial deals have supported over 13,500 metres of drilling and over $6.5-million (Australian) of partner-financed exploration since late 2024, with management fees and exploration ramping up.

Partner discussions are continuing for its remaining 100-per-cent-owned flagship projects that are all situated within existing porphyry camps containing over 20-million-ounce-gold-equivalent resource inventory.

By having a significant portfolio of partner-financed large porphyry projects and a very focused program on a 100-per-cent-owned Condobolin project, the company is seeking to position Kincora as a leading institutional-grade explorer in the public Australian and Canadian markets, and the leading project generator on the Australian Securities Exchange.