Mr. Alex Klenman reports

AZINCOURT ENERGY CORP. ANNOUNCES PRIVATE PLACEMENT

Azincourt Energy Corp. has arranged a non-brokered private placement to raise gross proceeds of up to $2.2-million consisting of up to 21,666,666 flow-through units issued at a price of six cents and up to 18 million non-flow-through units issued at a price of five cents.

Each FT unit will be composed of one flow-through common share and one-half of one flow-through common share purchase warrant. Each NFT unit will be composed of one common share and one-half of one common share purchase warrant. Each FT warrant and warrant will be exercisable at a price of seven cents into one common share for a period of 24 months from the date of issue.

The proceeds from the NFT units will be applied to increase the summer 2026 budget on the drilling, exploration and development of the company's Snegamook uranium deposit located within the Central mineral belt of Newfoundland and Labrador, Canada, and for general working capital. The gross proceeds from the FT units will be used by the company to incur eligible Canadian exploration expenses that qualify as flow--through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's critical mineral projects on or before Dec. 31, 2027. All qualifying expenditure swill be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2026.

The company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the offering and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange.

Insiders may participate in the private placement including subscriptions from related parties of the company as defined in Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The participation of insiders in the offering will be exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, will not exceed 25 per cent of the company's market capitalization.

About Azincourt Energy Corp.

Azincourt is a Canadian-based resource company focused on the exploration and development of alternative energy projects, including uranium, lithium and other critical clean energy elements. The company is currently active at the Harrier uranium project, which contains the Snegamook uranium deposit, located in the Central mineral belt of Labrador. Azincourt also controls a nearly 90-per-cent interest in the East Preston uranium project, located in the western Athabasca basin, Saskatchewan.

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