Mr. William Sheriff reports

ENCORE ENERGY SET TO JOIN RUSSELL 3000(TM) INDEX

EnCore Energy Corp. is set to join the Russell 3000O Index, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19, 2023. Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000O Index or small-cap Russell 2000O Index as well as the appropriate growth and value-style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market capitalization rankings and style attributes.

EnCore Energy executive chairman William M. Sheriff said: "EnCore's acceptance on the Russell 3000 Index reflects our continued efforts to gain a greater awareness and presence within the U.S. financial community and the NYSE American. The Russell indexes are widely followed by the investment community, providing EnCore us with the opportunity to expand our access to the largest capital market in the world. EnCore remains committed to becoming the next producer of domestic uranium, essential to the development of low-carbon energy with environmentally friendly in situ recovery technology."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1-trillion in assets are benchmarked against Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

About EnCore Energy Corp.

EnCore Energy is committed to providing clean, reliable and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023. EnCore solely utilizes in situ recovery (ISR) for uranium extraction, a well-known and proven technology co-developed by the leaders at EnCore Energy. In situ recovery extracts uranium in a non-invasive process using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium. Uranium production is planned at EnCore's licensed and past-producing South Texas Rosita processing plant in 2023, and at its licensed and past-producing South Texas Alta Mesa processing plant in 2024. Future projects in EnCore's production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, along with significant uranium resource endowments in New Mexico 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 diligently works to realize value from other owned assets, including its proprietary uranium database that includes technical information from many past-producing companies, from its various non-core assets and by leveraging its ISR expertise in researching opportunities that support the use of this technology as applied to other metals. EnCore is also committed to working with local communities and indigenous governments to create positive impact from corporate developments.

We seek Safe Harbor.