Kincora Announces Shares for Debt Settlement

Vancouver, British Columbia, Oct 13, 2026 – (ACN Newswire) – Copper-gold explorer and hybrid task generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Companyis pleased to reveal that the Company has actually participated in financial obligation settlement contracts to settle an aggregate quantity of C$ 319,437 of insolvency (the “Debt“owing to specific present and previous directors and members of management of the Company in connection with management and consulting costs accumulated for the duration from July 1, 2024 to June 30, 2026, through the issuance of an aggregate of 358,918 typical shares in the capital of the Company (the “Settlement Shares“at a considered cost of C$ 0.89 per Settlement Share (the “Debt Settlement“.

Kincora and Remuneration Committee chair, Mr Cameron McRae, commented,

“A secret and product component of the compensation bundles of the Kincora board and senior management has actually remained in equity, wanting to offer positioning and reduce the money overheads of the Company.

Each year Kincora has actually looked for approval from investors for these reimbursement structures, and today’s settlement covers a two-year duration ended June 2026 where the Company’s situations, money position and share rates have actually materially altered. The considered rate is in-line with both the legal averages of the arrangements over this duration, present regulative structure and goes through investor approval at the upcoming AGM.

An in-depth Remuneration Committee evaluation is continuous looking for to show the Company’s present and market conditions with more information to be supplied in due course”.

The Settlement Shares released pursuant to the Debt Settlement will undergo a statutory four-month hold duration, and conclusion of the Debt Settlement stays based on indifferent investor approval and approval of the TSX Venture Exchange. No brand-new control individual or expert of the Company will be produced as an outcome of the Debt Settlement.

Particular of the Creditors are directors and/or officers of the Company. The Debt Settlement makes up a “related party transaction” within the significance of Exchange Policy 5.9 – Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”. The Debt Settlement is exempt from the official appraisal and minority investor approval requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7( 1 )(a) thereof, as neither the reasonable market price of the insolvency settled nor the reasonable market price of the Settlement Shares to be released surpasses 25% of the Company’s market capitalization.

Regardless of the foregoing, in accordance with Exchange Policy 4.4 – Security Based Compensation, indifferent investor approval is needed for the settlement of settlement owed to non-arm’s length celebrations through the issuance of securities where the aggregate quantity of such insolvency goes beyond C$ 10,000 monthly.

Appropriately, the Debt Settlement undergoes indifferent investor approval. The Company plans to look for such approval at its upcoming Annual and Special Meeting of Shareholders (the “Meeting“arranged for November 19, 2026. Extra details relating to the Debt Settlement will be consisted of in the Management Information Circular for the Meeting, which will be submitted under the Company’s profile on SEDAR+ (at www.sedarplus.caon the Australian Securities Exchange (“ASX”platform (at www.asx.com.auand the Company’s site (at www.kincoracopper.com.

About Kincora

Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper explorer with a hybrid job generator technique.

The Company is effectively showing up the prospectivity of its comprehensive task portfolio, that includes several district-scale landholdings and scalable drill all set targets. These possessions lie in Australia’s Lachlan Fold Belt, among the world’s leading porphyry belts, and the historic Condobolin mining field within the Cobar basin in NSW.

The Company has actually currently opened over A$ 100 countless possible partner financing for numerous earlier phase and/or non-core porphyry jobs. These preliminary offers have actually supported over 20,000 metres of drilling and over A$ 10m of partner moneyed expedition considering that late 2024, with management costs and expedition increase.

Different partner conversations are continuous for its staying 100% owned flagship and advanced expedition phase porphyry tasks.

By having a substantial portfolio of partner moneyed big porphyry jobs, and an extremely concentrated capital effective programs at the Condobolin and other sole financed jobs, the Company is looking for to place Kincora as a leading institutional grade explorer in the general public Australian and Canadian markets, and the leading task generator on the ASX.

The Company’s site is: www.kincoracopper.com

This statement has actually been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)

Positive Statements
Particular info relating to Kincora consisted of herein might make up positive declarations and “forward looking information” within the significance of suitable securities laws (jointly, “forward-looking information”. Positive details is normally recognizable by the usage of words “believes” “may” “plans” “will” “anticipates” “Intends” “could” “estimates” “expects” “forecasts” “projects”and comparable expressions, and the unfavorable of such expressions. Such positive declarations or details consist of however are not restricted to declarations or details with regard to: the conclusion of the Debt Settlement; the issuance of the Settlement Shares; the invoice and timing of indifferent investor approval and approval of the TSX Venture Exchange; the Company’s prepared expedition programs; the schedule, timing and quantity of prospective partner financing; prepared for partner-funded expedition activities and management cost earnings; the result of partner conversations; the Company’s capability to advance its task portfolio and expedition targets; and the Company’s technique and goal of placing itself as a leading institutional-grade explorer in the Australian and Canadian public markets and a leading task generator on the ASX. Positive declarations might consist of price quotes, strategies, expectations, viewpoints, projections, forecasts, assistance or other declarations that are not declarations of reality. Readers are warned not to position unnecessary dependence on positive details and declarations.

Positive info includes many threats and unpredictabilities, and real outcomes may vary materially from outcomes recommended in any positive details. These threats and unpredictabilities consist of, to name a few products: market value, exploitation and expedition outcomes, continued schedule of capital and funding and basic financial, market, or company conditions. Kincora thinks that the expectations shown in such positive declarations are sensible, it can provide no guarantee that such expectations will show to have actually been appropriate. Kincora warns that real efficiency will be impacted by a variety of elements, the majority of which are beyond its control, which future occasions and outcomes might differ significantly from what Kincora presently visualizes. Elements that might trigger real outcomes to vary materially from those in positive declarations consist of: market value; exploitation and expedition outcomes; ongoing schedule of capital and funding and basic financial; market or organization conditions; and financier belief. Appropriately, readers ought to not position unnecessary dependence on positive details and declarations. Readers are warned that dependence on such details and declarations might not be proper for other functions.

The positive declarations are specifically certified in their totality by this cautionary declaration. The details included herein is specified since the present date and goes through alter after that date. Kincora does not presume the responsibility to modify or upgrade these positive declarations, other than as might be needed under appropriate securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts obligation for the adequacy or precision of this release.

To see the source variation of this news release, please go to https://www.newsfilecorp.com/release/318632

Subject: Press release summary

Source: Kincora Copper Limited

Sectors: Metals & & Mining

http://www.acnnewswire.com

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