An anonymous director reports

ENCORE BEGINS TRADING ON CONSOLIDATED BASIS UNDER THE SYMBOL OF "ENCUD" ON THE OTC MARKET; TSX.V SYMBOL REMAINS UNCHANGED AS "EU"

As disclosed in the company's news release of Sept. 12, 2022, EnCore Energy Corp.'s shares commenced trading today on a consolidated basis of one new share for every three former shares in connection with the company's application to uplist its shares to the Nasdaq Stock Market. The consolidated shares remain trading on the TSX Venture Exchange under the symbol EU, with the consolidated shares trading on the OTC (over-the-counter) market now trading under the symbol ENCUD.

About EnCore Energy Corp.

With approximately 90 million pounds of U3O8 (triuranium octoxide) estimated in the measured and indicated categories and nine million pounds of U3O8 estimated in the inferred category, EnCore is the most diversified in situ recovery (ISR) uranium development company in the United States. EnCore is focused on becoming the next uranium producer from its licensed and past-producing Rosita processing plant in south Texas by 2023. The South Dakota based Dewey Burdock project and the Wyoming Gas Hills project offer midterm production opportunities, with significant New Mexico uranium resource endowments providing long-term opportunities. The EnCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. EnCore is committed to engaging and working with local communities and indigenous governments to create positive impact from corporate developments.

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