Mr. Mark Tommasi reports

AZINCOURT ENERGY CORP. CLOSES PRIVATE PLACEMENT

Azincourt Energy Corp. has closed its non-brokered private placement previously announced Aug. 4, 2026, consisting of 8,223,000 flow-through (FT) units at a price of 4.5 cents per FT unit and 3,474,000 non-flow-through (NFT) units at a price of 4.5 cents per NFT unit for gross proceeds of $526,365.

Each FT unit consists of one common share in the capital of the company issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant. Each NFT unit consists of one common share in the capital of the company and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the company at an exercise price of seven cents for a period of 24 months from the date of issuance.

The gross proceeds from the issuance of the FT units will be used to incur eligible Canadian exploration expenses that are intended to qualify as flow-through mining expenditures as those terms are defined in the Income Tax Act (Canada). The proceeds from the issuance of the NFT units will be used for general and administrative expenses and general working capital purposes.

Proceeds of the offering will not be used for payments to non-arm's-length parties of the company nor for any payment relating to persons conducting investor relations activities.

In connection with the closing of the offering the company paid arm's-length finders' fees totalling $26,693.10 and issued a total of 593,180 non-transferable finders' warrants. Each finder's warrant is exercisable into one common share of the company at a price of five cents for a period of 24 months from the date of issuance. All securities issued in connection with the offering, including any securities issued or issuable as finders' fees, will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The offering remains subject to the approval of the TSX Venture Exchange.

About Azincourt Energy Corp.

Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy and critical mineral projects, including uranium and lithium. The company is currently active at its East Preston uranium project, located in the Athabasca basin, Saskatchewan, and is building a portfolio of uranium exploration opportunities in Labrador's Central mineral belt.

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