23.03.2012 Bronze fox copper gold project, Abdullo Kurbanov

COPPER KINCORA

FROM DISCOVERY TO PRODUCTION

Bronze Fox Copper-Gold Project

Mines & Money Hong Kong, March 19-23, 2012

Certain information regarding the company contained herein may constitute forward-looking

statements within the meaning of applicable securities laws. Forward-looking statements

may include estimates, plans, expectations, opinions, forecasts, projections, guidance or

other statements that are not statements of fact. Although the company believes that the

expectations reflected in such forward-looking statements are reasonable, it can give no

assurance that such expectations will prove to have been correct. The company cautions that

actual performance will be affected by a number of factors, many of which are beyond the

company’s control, and that future events and results may vary substantially from what the

company currently foresees. The company’s forward-looking statements are expressly

qualified in their entirety by this cautionary statement.

John Rickus, a director of Kincora copper, is the qualified person who has reviewed all

technical data included in this presentation.

Kincora Copper | March 2012 3

Introduction to Kincora Copper

§  Exploration and development company focused on copper

and gold deposits in Mongolia along the Oyu Tolgoi

copper/gold belt

§  Developing its fully owned Bronze Fox Cu/Au and

Tourmaline Hills Cu/Au Projects, with massive

mineralisation footprint covering over 40km2

§  Acquired two adjacent licenses in Mar 2012

§  Listed on the TSX Venture Exchange (KCC)

§  Shareholders include Origo Partners, Soros, CCF, Ecofin,

BakerSteel, Samos, Trafigura

Bronze Fox Camp

Asset Location Company Overview

Share Price

0

0.2

0.4

0.6

0.8

Jul 11 Sep 11 Oct 11 Dec 11 Jan 12 Mar 12

C$

C$0.34

Market cap = C$53.8m

Cash balance = ~C$3.0m

CHINA

RUSSIA

MONGOLIA

ULAANBAATAR

SAINSHAND

DALANZADGAD

KILOMETERS

ROAD ACCESSEXISTING RAILWAYPLANNED RAILWAY

0 100 200

MANDALGOVI 200km fromexisting railway80km from existing

power facilities

140km fromOyu Tolgoi

20km from Governmentplanned railway scheduled

to be built in 2012

BRONZE FOXBRONZE FOXNorth Fox

Tourmaline Hills Bronze Fox

Source: Bloomberg, as of March 15, 2012


Targeting a maiden resource in 2012

Significant porphyry style Cu-Au footprint with mineralised footprint of

over 40km2

High grade copper and gold intersected including 40m @ 1% CuEq and

50m @ 0.8%, with locally up to 8% Cu and 8.4g/t Au

Extensive near surface lower grade mineralised intersections up to 5km

apart including 300m @ 0.4% CuEq and 224m @ 0.4% CuEq

Strong team with track record in Mongolia and copper exploration and

development

Introduction to Kincora Copper


Developing Oyu Tolgoi project (36Mt Copper

and 46Moz contained gold) with Ivanhoe

JV with Ivanhoe on Ulaan Khud North copper

project (within Oyu Tolgoi trend)

Portfolio of coal and base metals assets, through

its subsidiary Tethys Mining

Alliance agreement with Erdene Resources,

focus on coal

Introduction to Mining in Mongolia

Majors doing business in Mongolia

Vast mineral resources at the doorstep of

China….

Source: Brook Hunt

China

Russia

... will place Mongolia among the largest

commodity producers

5.0 1.6 1.2

0.9 0.9 0.7 0.7 0.7 0.6 0.5 0.4 0.4 0.4

Ch

ile

Peru

USA

Mo

ng

oli

a

Zam

bia

Ru

ssia

DR

C

Ind

on

esi

a

Au

stra

lia

Mexic

o

Po

lan

d

Kaza

kh

stan

Can

ad

a

2020 Copper Concentrate production (Mt)

Country Rank Protecting investors Enforcing contracts

Canada 5 59

Mongolia 29 33

India 46 182

Australia 65 17

Brazil 79 118

China 97 16

Russia 111 13

Supported by a robust rule of law

Source: World Bank Ease of Doing Business ranking 2012


One of the Last Copper Frontiers

Ivanhoe Copper/Gold mines and deposits

Porphyry showing

Oyu Tolgoi copper/gold belt

Ulaanbaatar

Oyu Tolgoi

Tsagaan Suvarga

Bronze Fox

Kharmagtai Ivanhoe relinquished Bronze Fox,

one if its top four priority targets

during negotiations for the Oyu

Tolgoi Stability Agreement

Olon Ovoot (Au)

Tourmaline Hills

Major Copper/Gold mines and deposits

Property Stage Resources1 (Mt) Cu % Au g/t

Oyu Tolgoi Development 3,362 0.94 0.30

Tsagaan Suvarga Development 240 0.53 n/a

Kharmagtai Development 28 0.41 0.51

Bronze Fox Exploration est. 2012 n/a n/a

Tourmaline Hills Exploration est. 2012 n/a n/a

Source: Metals Economics.. Note: (1) Resources inclusive of Reserves North Fox

Kincora Copper properties


Bronze Fox and Tourmaline Hills History

1950–70s

Soviet and Mongolian

exploration. Of 22

holes drilled, only

partial data remains

2001 2009 2010 2011

Ivanhoe Mines commences

reconnaissance and acquisition

Ivanhoe Mines

relinquishes Bronze

Fox and Tourmaline

Hills and confirms

stability agreement

with the government

§  Bronze Fox acquired by Nadmin LLC, a

Mongolian company

§  Kincora Group (Origo Partners) farm in to

Nadmin

§  Drilling of 25 holes totalling over 5,000m

12 lines of induced polarization for

61,000 line meters

§  Temujin acquires Tourmaline Hills

through Golden Grouse

§  First NI 43-101 Technical Report

commissioned

§  Kincora Copper, formerly Brazilian Diamonds,

acquires full ownership of Kincora Group.

Private placement raises US$12m

§  12,435m drilled across 23 holes

2012

Kincora Copper

acquires

Tourmaline Hills

and associated

license to the

north

Introduction of a 68%

windfall tax on copper gold

2005

Copper gold

windfall tax

repealed


Bronze Fox

223.23 km2

Tourmaline Hills

246.50 km2

North Fox

151.95 km2

2

3

4

1

5

6

789

10

27 km

38 km

Kincora Licenses and Exploration Targets

Licenses Exploration Targets

1.  North Target

2.  Tourmaline

3.  Kincora Extension

4.  Southwest Target

5.  Sophie North

6.  West Kasulu

7.  Buchanan Heights

8.  Dunlop Fox

9.  Leca Pass

10. Southeast Target

Bronze Fox


Note: All drill holes in the license area intersected Cu/Au mineralisation

Drill holes

Holes with extensive and continuous Cu/Au mineralisation

At least one minimum 8m consecutive interval at +0.5% CuEq

Copper Mineralisation (Central BF)

Copper mineralisation over the target area

Zoom area Legend

1

4

3

5

7

9 10

11 12

13 6

2

8

14 15

16

# Inters. (m) CuEq (%) From (m)

1 22 0.5 139 inc. 8 1.0 153 2 30 0.5 297 inc. 8 0.9 298 3 40 0.5 18 inc. 16 0.7 32 4 10 0.5 62 5 117 0.4 382 6 64 0.5 7 7 42 0.5 142 8 32 0.5 191 inc. 8 0.9 213 9 18 0.5 138 10 300 0.4 60 inc. 50 0.8 106 inc. 22 1.0 120 11 18 0.5 9 12 224 0.4 surface inc. 40 1.0 114 13 97 0.4 1.5 inc. 38 0.5 54 14 20 0.5 28 inc. 10 0.8 34 inc. 1 8.4g/t Au 88 15 38 0.7 12 inc. 22 1.0 26

2 6.5g/t 28 16 10 0.5 12


Gold Mineralisation (Central BF)

Gold mineralisation over the target area

4km gold mineralisation belt Gold anomaly zones

Over 1 g/t at over 1m interval

Over 0.5% CuEq at over 8m interval

Drill holes

Note: Threshold defined by mean value + 2SD

Legend Zoom area


Drilling Section

West Kasulu drilling section

Zoom area

CuEq%

Cu%

Aug/t

300m

Mineralisation

extension to depth

0.300 to 0.500

0.100 to 0.300

0.500 to 1.000

Legend: Gold grade (ppm)

1.000 to 1.500

>=1.500 0.100 to 0.200

0.050 to 0.100

0.200 to 0.300

Legend: CuEq grade (%)

0.300 to 0.500

0.500 to 0.700

>=0.700


Footprint – Deposit Size Correlation

Footprint area to resource tonnage

0.1

1

10

100

1000

0.1 1 10 100 1000

Contained Copper (Mt)

Fo

otp

rin

t (k

m2) 40

Selected Examples

0

10

20

30

40

50

60

70

80

90

0

10

20

30

40

50

60

70

80

90

La E

sco

nd

ida

Bro

nze

Fo

x

Co

llah

au

si

Lo

s P

ela

mb

res

Batu

Hij

au

La G

ran

ja

Gra

sberg

Ag

ua R

ica

Dexin

g

Re

sou

rce

s (C

u M

t)

Fo

otp

rin

t (k

m2)

Footprint Resources


Deposits with Large Footprint

El Teniente Cu-Mo porphyry—Chile

Ore body

Footprint

Collahuasi Cluster Cu-Mo porphyry—Chile

Collahuasi Cluster outline

5.0 2.5 0

Kilometers

5.0 2.5 0

Kilometers

Ore body

Footprint


Oyu Tolgoi Case Study

Oyu Tolgoi discovery Oyu Tolgoi

Ore body

Footprint

5.0 2.5 0

Kilometers

Hugo Dummet North

Hugo Dummet South

Oyu Tolgoi South

Oyu Tolgoi Central

Oyu Togoi SW

Heruga

§  1980s: Joint Mongolian – Russian regional

geochemical surveys => Moly anomaly in Central

Oyu

§  1996: Evidence of alteration of copper staining

§  1997: BHP – regional reconnaissance program,

geo mapping, stream, soil sediment surveys,

Magnetic and IP surveys, 6 holes (1,100m) drilled

§  1998: BHP – 17 holes (2,800m) drilled. Project

suspended

§  1999: BHP – tenements offered for JV

§  2000: BHP – IVN $11m deal in May. 109 holes

drilled (8,828m) with average results

§  2001: IVN – OTD-150 hole in July (“Discovery

Hole”) 590m interval at 0.81% Cu starting at

70m

§  2011: OT – over $15bn project


2012 Strategy

2012 primary exploration targets 2012 strategy

2012 exploration plan and costs

Continue with bolt on acquisition strategy

Define shallow open pit copper resource potential

Continue search for high copper grade resource

potential at depth

Define potential gold targets and resource potential

2012 strategy on primary targets is expected to cost

$5.2 million, consisting of:

§ 16,000m diamond drilling ($4.5 million)

§ DDIP survey over 50km ($150,000)

§ Infill soil geochemistry study for c. 3,000 samples.

($130,000)

§ Detailed geological mapping ($50,000)

§ Other $370,000 2 km

Zoom area

91g/t Au in

a rock chip

sample

1.3g/t Au

in soil

109g/t Au

in a rock

chip sample


Directors and Senior Management

Stephen Fabian

Chairman of the Board

Graduate in Mining Engineering from the University of New South Wales with 25 years

mining and private equity experience

Igor A. Kovarsky

Director, President and

CEO

Over 30 years experience in construction and mineral sectors, including 16 years with

Cameco Gold/Centerra Gold. Guided a number of mining projects through development,

including Boroo Gold and Kumtor mine

Luke Leslie

Director

Head of Origo Partners Metals & Mining, Executive Director of Origo Partners

Exploration, and Co-Head of Trafigura-Origo

John Rickus

Director

Head of Technical Services for Origo Partners with over 40 years of mining experience,

including 24 years with Rio Tinto. Formerly leading technical roles at Escondida,

Grasberg, Minera Alumbrera, Somincor, etc.

Duchintav Khojgor

Director

Owner of Bucorp LLC, Chairman of DAI Co, and major shareholder in various businesses

with 20 years' experience in entrepreneurship

Robert Anderson

Chief Financial Officer

Broad range of experience through many sectors. Served as a manager of six junior

mining public companies

Yawen Cao

Director of Exploration

Over 29 years of experience in mining, including 12 years at BHP Billiton’s Mineral

Explorations Division, with discovery experience of a porphyry copper deposit with

significant resource in China

Jacqueline Collins

Corporate Secretary

Over 25 years experience as a legal administrator, corporate secretary, and paralegal at

law firms and with public resource companies


Synergies with shared drilling team, drill rigs, camp

C$5.6m payable in Kincora shares for 100% interest in Golden Grouse, a mid stage explorer,

with contiguous licenses covering c.40k hectares

A further C$4.2m payable within 4 years subject to locating a minimum gold resource of 1

million ounces

Shared zones of mineralisation at West Kasulu

Attractive immediate gold targets at Tourmaline Hills

Golden Grouse Acquisition

Transaction Overview

Transaction Rationale

Kincora experience with regional geology


Summary

Large footprint Highly prospective 622 km2 license area

with multiple targets of Cu, Au, and Mo,

and an identified mineralisation footprint

of over 40km2

Origination Expertise in operating and acquiring

license holdings in Mongolia

Location Strategic location on the Oyu

Tolgoi Copper Gold Belt in Mongolia

Management Strong team with proven mineral

exploration and development experience

Head Office 910 – 475 Howe Street Vancouver, BC V6C 2B3 Canada +1 604 689 2599 Mongolian Office Third Floor, Monnis Tower Chinggis Avenue 15 Ulaanbaatar 14240 +976 701 0095 www.kincoracopper.com

Igor Kovarsky President & CEO +1 604 638 3471 [email protected] Luke Leslie Director +976 701 0095 [email protected]