Mr. William Sheriff reports

ENCORE ENERGY ANNOUNCES APPROVAL FOR LISTING ON THE NYSE AMERICAN STOCK EXCHANGE

EnCore Energy Corp.'s common shares have been approved for listing and trading on the NYSE American. The company expects that its common shares will commence trading at market open on the NYSE American on Jan. 23, 2023, under the symbol EU and will be delisted from the OTCQX.

The common shares will continue to trade on the TSX Venture Exchange under the symbol EU.

William M. Sheriff, EnCore Energy executive chairman, stated: "Listing on the NYSE American stock exchange, part of the world's most prestigious securities market group, is a major achievement for the company. This listing provides access to the world's largest and most liquid equity market while increasing our exposure to a vastly larger, substantially more diverse audience of institutional and retail investors. EnCore Energy, which has 100 per cent of its uranium production assets within the United States, is dedicated to providing the U.S. nuclear utility market with much needed domestically produced uranium and reducing reliance on foreign sources of energy. This listing is an acknowledgment of our progress as we will continue to focus on delivering exceptional value to our shareholders and customers."

About EnCore Energy Corp.

EnCore Energy is the most diversified in situ recovery uranium development company in the United States and recently announced it entered into a definitive agreement to acquire the Alta Mesa in situ recovery (ISR) uranium project. The transaction will position EnCore as a leading United States-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio. EnCore is focused on becoming the next uranium producer from its licensed and past-producing South Texas Rosita processing plant by 2023. The South Dakota-based Dewey-Burdock project and the Wyoming Gas Hills project offer mid-term 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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