Kincora Copper Limited

Kincora Copper Limited

August 01, 2012 08:30 ET

Kincora Copper Announces the Appointment of New President and Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 1, 2012) - Kincora Copper Limited (TSX VENTURE:KCC) (the "Company" or "Kincora") is pleased to announce that Mr. John Rickus, a director of the Company, has been appointed as President and Chief Executive Officer, effective August 1, 2012.

Mr. Rickus has a degree in Geology and has over 40 years' experience in the mining industry. Mr. Rickus is Head of Technical Services for Origo Partners and the former President of Resolution Copper. His 40+ years of mining experience includes 24 years with Rio Tinto, including six years as head of Technical Services and six years as a mining executive with the Rio Tinto Copper Group. He has previously served on the Board of Directors of Palabora Mining, worked on the Somincor Copper Mine in Portugal, and the Minera Alumbrera in Argentina. He was a member of the Owners' Council for Minera Escondida in Chile and led the technical input on Rio Tinto's behalf in Freeport's Grasberg mine in Indonesia.

Mr. Rickus succeeds Mr. Igor Kovarsky as President and CEO who resigned effective July 31, 2012. The board of directors of the Company wishes to thank Mr. Kovarsky for his contribution to the Company during his tenure as President, CEO and Director.

About Kincora Copper Limited

Kincora Copper Limited is a mining exploration and development company, based in Vancouver, and listed on the TSX Venture Exchange. Kincora's focus is on Mongolia, home to some significant mine developments and other major undeveloped copper-gold deposits. The Company's strength comes from major key assets in Mongolia and a management team supported by experienced mining developers and years of background in Mongolia. These strategic assets, the Bronze Fox ( and Tourmaline Hills copper-gold deposits, are located in southeast Mongolia, 200km from the Chinese border, along the famed Oyu Tolgoi copper belt and approximately 140km northeast of the world-class Oyu Tolgoi copper-gold project.

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.

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