Mr. Sam Spring reports

KINCORA REPORTS JUNE 2026 QUARTERLY ACTIVITIES AND FINANCIAL RESULTS

Copper-gold explorer and hybrid project generator Kincora Copper Ltd. has released its financial and operating results for the quarter ended June 30, 2026.

During the quarter, Kincora continued to advance its hybrid prospect generator strategy across its NSW (New South Wales) portfolio, with key activities including:

• Partner-financed drilling continued with AngloGold Ashanti at the Nevertire South project, targeting a highly prospective porphyry setting in the Northern Junee-Narromine belt;
• Completion of nine drill holes at the 100-per-cent-owned Condobolin project, representing the first systematic drilling program at the historic mining field in over a decade, with results pending;
• Completion of "traditional" geological and "next-generation" AI (artificial intelligence) reviews across key NSW projects, generating and refining new exploration targets;
• Commencement of a formal process with potential new asset-level partners for the Trundle, Fairholme, Cowal East and Cundumbul projects;
• Advancement of planning for air-core drilling programs during the upcoming late spring-summer period;
• Progress on the divestment of Kincora's Mongolian assets for total consideration of $10-million (U.S.); $5-million (U.S.) has now been received, with the final $5-million (U.S.) expected upon completion of the transaction;
• A current cash balance of approximately $12-million (Australian).

President and chief executive officer Sam Spring commented:

"We made strong progress during the quarter advancing our portfolio, with drilling across two projects, new targets generated through both traditional and AI-supported technical reviews, and a formal process now underway with potential new asset-level partners.

"With approximately $12-million (Australian) in cash, further proceeds expected from the Mongolian divestment and multiple exploration catalysts ahead, Kincora is well positioned to systematically advance our NSW portfolio and pursue the next stage of our hybrid prospect generator strategy."

The full quarterly activities report, financial statements and MD&A (management's discussion and analysis) for the period ended June 30, 2026, have been filed on SEDAR+ and are also available on the company's website.

About Kincora Copper Ltd.

Kincora Copper is an emerging Australia-focused gold-copper explorer with a hybrid project generator strategy and currently drilling at two projects (Nevertire South and Condobolin).

The company is 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 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 basin in NSW.

The company has already unlocked over $100-million of potential partner funding for multiple earlier stage and/or non-core porphyry projects. These initial deals have supported over 20,000 metres of drilling and over $10-million (Australian) of partner-financed exploration since late 2024, with management fees and exploration ramping up.

Various partner discussions are continuing for its remaining 100-per-cent-owned flagship and advanced exploration stage porphyry projects.

By having a significant portfolio of partner-financed large porphyry projects, and a very focused capital efficient programs at the Condobolin and other sole financed projects, 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.

We seek Safe Harbor.