Mr. Sam Spring reports

KINCORA ISSUES SHARES FOR SERVICES

Further to the shareholder meeting of Kincora Copper Ltd. on Aug. 27, 2025, where the issuance of common shares of the corporation at a deemed price of 50 cents per common share (on a postconsolidation basis) as consideration for the provision of certain services rendered from July 1, 2024, to June 30, 2025, was approved by disinterested shareholders, the following common shares have been issued as further set out below.

The shares-for-services transactions are subject to a number of conditions, including receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

As certain insiders are party to the shares-for-services transactions, it may be considered a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and the TSX-V. The company is relying on the exemptions from the formal valuation requirements of MI 61-101 contained in Section 5.5 (a) and as the fair market value of the common shares being issued to insiders in connection with the service shares does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. The company received minority shareholder approval for the shares for services transactions at the shareholder meeting.

Further details regarding the shares for services are contained in the company's management information circular dated July 18, 2025, which is available on SEDAR+ under the company's profile.

About Kincora Copper Ltd.

Kincora Copper is an emerging Australia-focused copper-gold explorer with a hybrid project generator strategy. The company is now successfully 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 Macquarie Arc 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.

We seek Safe Harbor.