Kincora Copper Acquires Outstanding 25% of Bronze Fox and Provides Exploration Update

Kincora Copper Limited (TSX VENTURE:KCC) (the "Company" or "Kincora Copper") - 



--  Kincora acquires outstanding 25% of Kincora Group Limited in exchange
    for 20% of Kincora Copper shares. 
--  Diamond drilling in 2011 has extended copper mineralization 4km east of
    West Kasulu zone. 
--  Three rigs are currently on site and operating. Plan for 12,000m to be
    drilled by year end. 
--  Hole F39 has intersected chalcopyrite and pyrite mineralization from
    500m depth and has now stopped at 985.1m. 
--  Duchintav Khojgor to join the Kincora Copper Board of Directors.



The Company is pleased to announce that it has reached an agreement (the "Sale
Agreement") with Mr. Duchintav Khojgor, the owner of the 25% interest in Kincora
Group Limited not otherwise held by Kincora Copper, whereby Mr. Khojgor will
sell his interest to the Company in exchange for 27,666,366 common shares of the
Company, which shares will represent 20% of the then issued shares and
outstanding shares of the Company. Concurrent with the closing of the Sale
Agreement, Mr. Khojgor will be appointed to the Board of Directors of the
Company.


Completion of the Sale Agreement remains subject to acceptance of the TSX
Venture Exchange. 


Kincora Group Limited is a BVI company, the principal asset of which is the
Bronze Fox copper/gold project in Mongolia (the "Bronze Fox Project"). Following
closing of the Sale Agreement, Kincora Group Limited will be owned as to 100% by
Kincora Copper.


Kincora Copper is also pleased to announce an Exploration Update for the Bronze
Fox project, which occupies 223.23 sq km of land 140km northeast of Oyu Tolgoi
on the same metallogenic belt.


The Company has completed 7,155m of diamond drilling within the central part of
the license covering an area of 30 sq km since April 2011. This has extended the
potential zone of copper mineralization east to a distance of over 4km with the
mineralization remaining open in all directions. 11 of the 13 holes intersected
continuous low grade copper mineralization from surface which also contained
high grade intervals. 


Exploration highlights



--  In West Kasulu, copper mineralization extends to more than 900m in
    depth. 
--  One drill hole (F39) was drilled in Leca Pass 4km to the east of West
    Kasulu intersecting over 150m of copper mineralization in diorite
    porphyry. This new copper mineralization sits in a high IP chargeability
    anomaly zone, stretching a length of about 6km. 
--  All drill holes in West Kasulu and Leca Pass intersected copper
    mineralization 
--  6 holes were drilled in Buchanan Heights and Sophie North, with 5 holes
    intersecting gold and copper mineralization with those areas indicating
    a gold resource potential. 
--  A third drill rig has been added to the exploration program to
    accelerate the drill out of an increasingly large mineralization area. 
--  During April and May, geological mapping and vector IP surveys over the
    license area were completed simultaneously with the drilling program. 3
    new geophysical high anomaly areas have been identified 
--  The geological team on-site has now been expanded to five, which will
    allow additional work extending over the whole license area. This
    includes two senior geologists experienced in exploration work on
    porphyry copper and various types of gold and iron deposits, and three
    junior geologists who are enthusiastically tackling the regional work.



Stephen Fabian, Kincora Copper's President & CEO, comments, "We are extremely
pleased to have Duchintav Khojgor show his confidence in the Company and elect
to convert his 25% direct interest in Bronze Fox into a stake in Kincora Copper.
We are also very excited by the results of the drilling which indicates that
Bronze Fox has the potential to contain a large area of copper mineralization as
well at the potential for a significant gold resource. With the addition of the
third drill rig we expect to complete more than 12,000 m of drilling before the
end of the year."


John Rickus, a director of Kincora Copper, is the Qualified Person who prepared
this information that forms the basis for the scientific and technical
information contained in this news release.


About Kincora Copper:

Kincora Copper Limited is a mining exploration and development company focused
on copper/gold deposits in Mongolia. Its key asset is the Bronze Fox copper-gold
deposit located in southeast Mongolia along the Oyu Tolgoi copper belt. The
Bronze Fox Project is located approximately 140km to the northeast of the
world-class Oyu-Tolgoi copper/gold project, and is 250 kilometers from the
Chinese border.


To view the five images associated with this release, please click the following
link: http://media3.marketwire.com/docs/830KCCimages.pdf.