Kincora strengthens board with new Chairman and Technical Director

• Luke Leslie, instrumental in the formation of Kincora, and its capital market and M&A strategy since, appointed Non-Executive Chairman
• John Holliday, currently Chairman of Kincora's Technical Committee, is appointed as Independent Non-Executive Technical Director
• Changes strengthen the board and reflect the Company's exploration and further expansion strategy

VANCOUVER, Feb. 1, 2017 /CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:KCC) announces the appointment of Luke Leslie as Non-Executive Chairman and John Holliday as an Independent Non-Executive Technical Director, effective immediately.

Luke is a seasoned natural resource specialist private equity investor, with previous M&A and capital market transaction experience, including having been based in Mongolia working on acquisitions in the mining and metals sector. John has a track record of success in global gold-copper deposit exploration, discovery and evaluation, particularly with concealed porphyries such as those that the Oyu Tolgoi-Tsagaan Suvarga copper belt is prospective for where Kincora holds the dominant regional landholding.

The structure of Kincora's existing Board, Technical Committee and Advisory Board otherwise remain unchanged following these internal appointments.  Further details on each of Luke and John can be found in the attachment of this announcement.

Sam Spring, President and CEO commented, "Luke and John have impressive track records in their respective fields and I am confident the new internal positions will only further support significant contributions to Kincora's exploration and expansion strategies." 

Luke Leslie, Non-Executive Chairman added, "Kincora has opportunistically used the cyclical commodities downturn to expand its footprint in Mongolia's prospective Southern Gobi copper belt, advance its extensive proprietary geological database and advance a number of prospective targets which warrant drill testing this year.

The region is now being transformed through billions of dollars of investment and new exploration activity, and we are well positioned to benefit from these developments."

About Kincora
Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on potential Tier 1 copper-gold projects in Mongolia.

ATTACHMENT

Mr. Luke Leslie
Non-Executive Chairman
Luke was instrumental in the formation and capitalisation of Kincora in 2011/2012, its capital market and M&A strategy since. He brings extensive capital markets, transaction and advisory experience as a private equity investor and previously as a corporate financier with UBS Investment Bank's metals and mining team.

Luke has served as Chairman of Kincora's Audit Committee and been a member of the Remuneration Committee since 2012. He is a Director of Shanta Gold where he is Chairman of Shanta's Remuneration Committee and a member of the Audit Committee. Luke is a Director of Moly World, a private molybdenum and tungsten developer in Mongolia and a Director of Origo Advisors Limited.

Luke was based out of Ulaanbaatar between 2010 and 2012 and has extensive experience in natural resource opportunities both globally and in Mongolia. In Mongolia, one of Luke's roles was as co-Head of the Trafigura Origo Joint Venture which reviewed over 100 exploration licenses and over 30 mining licenses in addition to the proprietary databases and exploration data which Kincora has established since 2011.

Mr. John Holliday
Independent Non-Executive Technical Director, Chairman of the Technical Committee
John has over 30 years' experience in metals exploration mostly with BHP Minerals and Newcrest Mining, including the positions of Chief Geoscientist and General Manager, Property Generation and more recently in the junior sector. He was a consultant geologist to Kincora from mid 2015, becoming Chairman of the then newly formed Technical Committee in November 2016 (refer the press release: Copper experts credited with multiple Tier 1 discoveries join Kincora's team) before joining the board.

John was a principal discoverer and site manager of the undercover Cadia and Marsden porphyry Tier 1 gold-copper deposits in NSW, and was a principal geological advisor on the acquisition of many significant projects, including Namosi and Wafi-Golpu.

John has worldwide experience in gold-copper deposit exploration, discovery and evaluation, with extensive experience in exploration and discovery of concealed copper-gold porphyries such as those that the Oyu Tolgoi-Tsagaan Suvarga copper belt is prospective for.

John has a geophysics/geology honours degree from Macquarie University and economics/politics degree from Sydney University. He is a member of the Australian Institute of Geoscientists, the Australian Society of Exploration Geophysicists and the Society of Economic Geology.

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.

SOURCE Kincora Copper Ltd.