KCC Kincora Copper Limited

Telferscot Resources Inc. (CNSX:TFS) ("Telferscot" or the "Company") is pleased
to announce that the board of Kolwezi Copper Corp. ("KCC") and its majority
shareholder, Ivory Mines Investments Limited ("Ivory"), have approved the annual
exploration budget for KCC for the period ending June 2015. KCC will use these
funds to advance its project located in the copper-cobalt rich Kolwezi District
located in Katanga Province in the Democratic Republic of the Congo. The Company
holds a 7.4% interest in KCC. 


The funds will be advanced under the previously announced agreement with Ivory
("Agreement") (See Company press release dated June 4, 2013). Under the terms of
the Agreement Ivory has extended a USD 20,000,000 equity facility ("Facility")
to KCC to fund exploration. Ivory is entitled to withdraw the Facility if
exploration results do not meet expectations, provided that a minimum of 4,000
meters of drilling has been completed. It is expected that the minimum 4,000
meters will be completed by July 31, 2014. 


The 2015 budget anticipates a further 3,200 meters of drilling on KCC's
exploration licenses PR9090 and PR 12717. Upon completion of the 2015
exploration program, Ivory will have advanced approximately USD 5,300,000 under
the Facility.


About Telferscot Resources Inc.

Telferscot Resources Inc. is a Canadian-based mineral exploration company with
an equity stake in a company that holds a copper and cobalt exploration project
located in the Kolwezi District in the Democratic Republic of the Congo. The
Company is also actively pursuing other opportunities globally. For further
information and access to the Company's public disclosure record please consult
SEDAR at www.sedar.com.


Listing and disclosure documents for Telferscot are available in the CNSX
Listings Disclosure Hall.


This news release may contain forward-looking statements that are based on the
Company's expectations, estimates and projections regarding its business and the
economic environment in which it operates. These statements are not guarantees
of future performance and involve risks and uncertainties that are difficult to
control or predict. Therefore, actual outcomes and results may differ materially
from those expressed in these forward-looking statements and readers should not
place undue reliance on such statements. Statements speak only as of the date on
which they are made, and the Company undertakes no obligation to update them
publicly to reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Telferscot Resources Inc.
James Garcelon
Director and CEO
Office: 416-640-5197
info@telferscotresources.com


Telferscot Resources Inc.
Catherine Beckett
Manager Corporate Affairs
Office: 416-640-5197
info@telferscotresources.com

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