Mr. William Sheriff reports

ENCORE ENERGY APPOINTS MR. NATHAN TEWALT TO THE BOARD OF DIRECTORS

EnCore Energy Corp. has appointed Nathan Tewalt as a director of the board. Mr. Tewalt previously served on the EnCore Energy board of directors from 2017 to 2022.

Mr. Tewalt, director

With over 40 years of experience as an economic geologist in the mineral extraction industry, Mr. Tewalt has served in executive roles for uranium, precious metal and base metal companies. As the chief executive officer and president of Standard Uranium Inc., Mr. Tewalt hired Dr. Dennis Stover (now a director of EnCore Energy) and acquired the Hobson in situ recovery central processing plant in Texas, United States. This strategic growth ultimately led to an acquisition by Energy Metals Corp., which was subsequently acquired by Uranium One for $1.8-billion. His leadership in the uranium space continued as he served on the board of directors for EnCore Energy from 2017 to 2022 and as an adviser to EnCore until June, 2023. Mr. Tewalt is a graduate of Colorado State University with a BSc in geology with an emphasis on ore deposit geology.

William M. Sheriff, EnCore's executive chairman, stated: "On behalf of the entire board of directors, I want to thank Nate for returning to the board during this phase of accelerated growth for the company. His leadership during the initial conception and growth phases of EnCore, along with his time as an active adviser, places him in a unique position. Nate not only possesses strong knowledge of the uranium sector; he also possesses fulsome knowledge of the company and its operations. His valued input will continue to shape our direction and will further strengthen EnCore's position as a leader in the uranium extraction industry."

About EnCore Energy Corp.

EnCore Energy, America's Clean Energy Company, is committed to providing clean, reliable and affordable fuel for nuclear energy as the only U.S. uranium company with multiple central processing plants in operation. The EnCore team is led by industry experts with extensive knowledge and experience in all aspects of in situ recovery (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.

Following upon EnCore's demonstrated success in southern Texas, future projects in EnCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The company holds other assets, including non-core assets and proprietary databases. EnCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments.

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