Mr. William Sheriff reports

ENCORE ENERGY REPORTS ON RESULTS FROM ANNUAL MEETING OF SHAREHOLDERS

EnCore Energy Corp. has provided the results of its annual general meeting of shareholders held on June 21, 2023. A total of 60,978,153 shares, 42.56 per cent of the company's issued and outstanding common shares as of the record date, were represented at the meeting. All matters presented for approval at the meeting were duly authorized and approved.

The election of directors was approved as displayed in the attached table.

  
                            Votes for             Votes withheld   

Motions                  Number   Per cent      Number   Per cent

William M. Sheriff   41,359,968     99.83%      71,380      0.17% 
Wm. Paul Goranson    41,360,757     99.83%      70,591      0.17% 
Dennis E. Stover     41,363,954     99.84%      67,394      0.16% 
William B. Harris    35,362,613     85.35%   6,068,735     14.65%
Mark S. Pelizza      41,361,878     99.83%      69,470      0.17% 
Richard M. Cherry    41,354,701     99.82%      76,647      0.18% 
Susan Hoxie-Key      39,882,076     96.26%   1,549,272      3.74% 


  

Shareholders also approved the reappointment of Davidson & Company LLP as the company's auditor and approved the company's stock option plan, as described in the circular.

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 the company's 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.