Mr. Paul Goranson reports

ENCORE ENERGY APPOINTS DIRECTOR OF TECHNICAL SERVICES

Dain McCoig has been appointed as the director of technical services for EnCore Energy Corp. effective immediately. Mr. McCoig brings over 15 years of experience at EnCore's south Texas plants where he was focused on uranium extraction and in situ recovery (ISR) processing. Mr. McCoig is responsible for engineering and technical support on all projects within the company's production pipeline.

Dain McCoig, PE, director of technical services

Mr. McCoig began his career in 2004 as the plant engineer for Uranium Resources Inc. (URI) at the Kingsville Dome ISR uranium central processing plant (CPP) in south Texas, now owned by EnCore Energy. As URI's plant superintendent, senior engineer, manager of operations and vice-president, operations, Mr. McCoig worked on URI's south Texas and New Mexico projects. He was involved in all aspects of the uranium extraction process, including design, construction, operations and reclamation. Mr. McCoig oversaw the start-up of the Rosita CPP (now owned by EnCore Energy), the Kingsville CPP and the Vasquez project. He most recently served as vice-president of operations during the construction of a graphite facility in Alabama before returning to the uranium extraction industry. Mr. McCoig has a BSc in engineering from the Colorado School of Mines and is a licensed professional engineer in the state of Texas.

Paul Goranson, chief executive officer, stated: "I am pleased to work with Dain again, a welcome addition to the strong technical team at EnCore. His knowledge and previous experience at our processing plants is invaluable. An experienced team is our best asset as we simultaneously push the Rosita CPP and Alta Mesa CPP back into production."

South Dakota Mineral Industries Association

EnCore congratulates Jon Winter, EnCore's permitting and regulatory affairs manager, recently appointed as a director of the board of the South Dakota Mineral Industries Association (SDMIS).

About EnCore Energy Corp.

EnCore Energy, America's Clean Energy Company, 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.

We seek Safe Harbor.