Mr. William Sheriff reports

ENCORE ENERGY PROVIDES ATM QUARTERLY SALES UPDATE

EnCore Energy Corp., pursuant to TSX Venture Exchange rules, has issued a total of 171,503 common shares under its recently launched at-the-market (ATM) equity offering program for the period ending June 30, 2023. The common shares were issued at an average share price of $2.35 (U.S.) per share for gross proceeds of $403,340 (U.S.), and a commission of $10,083 (U.S.) was paid to the agent. For more information, please see EnCore Energy news release dated June 26, 2023.

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 U.S. 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.