Kincora Issues Clarifying Release

Vancouver, BC – June 7, 2016 – Kincora Copper Limited (TSX.V: KCC) (“Kincora” or the “Company”) wishes to clarify certain of its recent disclosures relating to its transaction (the “Transaction”) with High Power Ventures Inc. (“HPV”) and certain of its affiliates, including its news releases of May 25, 2016 and June 1, 2016. In this regard Kincora advises as follows:.

1. While Kincora has entered into a definitive Share Exchange Agreement with HPV (the “SEA”), as detailed in the May 25, 2016 news release, it is incorrect to state that HPV and its affiliates are “strategic partners” of Kincora and Kincora wishes to withdraw that statement.

2. Kincora wishes to clarify that the use of the term “merger” to described the Transaction was done solely as such term is used under Mongolian law to technically describe the Transaction and it was not intended to imply a merger in the North American commercial sense.

3. Kincora further wishes to clarify the basis upon which it has access to the proprietary Typhoon technology (the “Technology”) of High Power Explorations Inc. (“HPX”) under the SEA. Such access is for a term of 2 years, subject to extension by mutual agreement, is dependent upon the availability of such Technology and is subject to the right of HPX to determine that it is in its best interests to otherwise deploy the Technology on a mineral project in which HPX or its affiliates have an equity interest.

4. Kincora wishes to make it clear that its Bronze Fox project in Mongolia is unrelated to the Transaction and, in entering into the Transaction, neither HPV nor HPX are endorsing the Bronze Fox project.

About Kincora

Kincora Copper Limited. is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in Mongolia. For further information on the Company, please visit www.kincoracopper.com.

For further information, please contact:

Sam Spring, President and Chief Executive Officer [email protected] +61431 329 345 http://www.kincoracopper.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

800 – 1199 West Hastings Street, Vancouver, BC V6E 3T5 - phone +1 604 283 1722 - fax +1 888 241 5996