Mr. William Sheriff reports

ENCORE ENERGY COMMENCES TRADING ON NASDAQ CAPITAL MARKET

EnCore Energy Corp. has commenced trading on the Nasdaq Capital Market. The company shares will continue to trade under the ticker symbol EU on Nasdaq and will continue to trade on the TSX Venture Stock Exchange under the ticker symbol EU.

William M. Sheriff, EnCore Energy's executive chairman, stated: "This milestone is EnCore's first step of 2024 as we work to strengthen our market position and reinforce our commitment to growth and shareholder value. We believe this listing will enhance our visibility, liquidity and broaden our shareholder base as we continue to execute our growth-focused business strategy."

Known for its rigorous listing criteria and as a hub for innovative and visionary enterprises, the Nasdaq Capital Market presents EnCore Energy with an ideal stage to further demonstrate its leadership as an established domestic uranium producer to a wider audience. EnCore's listing on Nasdaq comes at a time of strong growth in the nuclear energy and uranium sectors.

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 in situ recovery (ISR) uranium processing plant (CPP) in November, 2023, with work under way for a planned 2024 restart of uranium production at its licensed and past-producing South Texas Alta Mesa CPP. 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 solely utilizes 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 wellfield using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.

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