Kincora Grants Options to Buy 2,056,300 Shares

/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, Dec. 30, 2016 /CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:KCC) has granted to directors and officers a total of 2,056,300 stock options under the company's stock option plan. The options have a four-year term from issuance date, with 50% of the total being exercisable at a price of 43 cents per share and the other 50% of the total being exercisable at 54 cents per share. The options will vest over a four month period from the issuance date.

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.

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 Limited

please contact: Sam Spring, President and Chief Executive Officer, [email protected] or [phone]