Mr. William Sheriff reports

ENCORE ENERGY TRANSFERS TO NASDAQ; CONTINUES TO TRADE UNDER "EU" TICKER SYMBOL

EnCore Energy Corp. will transfer its stock exchange listing to the Nasdaq Capital Market from the NYSE American LLC. The company shares will continue to trade under the ticker symbol EU, with expectations that the listing will commence on the Nasdaq Capital Market on Jan. 2, 2024. The company shares will continue to trade on the TSX Venture Stock Exchange under the ticker symbol EU.

William M. Sheriff, EnCore Energy's executive chairman, stated: "EnCore Energy is excited by our Nasdaq listing, where we expect to see improved liquidity and continued growth in our exposure to the world financial markets. We expect a seamless transfer, with uninterrupted trading, under the same symbol. We also wish to thank the NYSE American and their staff for their support during the past year, which has been a time of tremendous growth and transformation for the company."

About EnCore Energy Corp.

EnCore Energy, America's clean energy company, is committed to providing clean, reliable and affordable domestic nuclear energy as the newest uranium producer in the United States. Uranium production commenced at EnCore's licensed and past-producing South Texas Rosita central processing plant (CPP) in November, 2023, with work under way for a planned restart of uranium production at its licensed and past-producing South Texas Alta Mesa CPP in 2024. 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. 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.

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. 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.