ENCORE ENERGY ANNOUNCES FILING OF ANNUAL INFORMATION FORM AND UPDATED TECHNICAL REPORT

TSX.V: EU
OTCQB: ENCUF
March 1, 2022
www.encoreuranium.com

CORPUS CHRISTI, Texas, March 1, 2022 /PRNewswire/ – enCore Energy Corp. (“bis“or the”Company“) (TSXV: EU) (OTCQB: ENCUF) is pleased to announce that it has filed its Annual Information Form for the year ended the 31st of December2020. The Annual Information Form is available under the Company’s SEDAR profile at www.sedar.com and on the Company’s website at www.encoreuranium.com.

The Company has also filed a technical report prepared in accordance with National Instrument 43-101 – Disclosure standards for mining projects (“National Instrument 43-101“) as part of his crown stitch and the Hosta Butte uranium project located in the northwest New Mexico. The Technical Report is available under the Company’s SEDAR profile at www.sedar.com and on the Company’s website at www.encoreuranium.com.

Technical report discloses an indicated resource of 10.96 million tonnes grading 0.117% U3O8 for 25.7 million lbs U3O8, and an inferred resource of 2.98 million tonnes grading 0.107% U3O8 for an additional 6.4 million pounds of U3O8, both at a grade threshold of 0.02% and at a GT threshold of 0.25%. This report updates a previous technical report completed in 2012 to comply with current NI 43-101 standards. The previous technical report disclosed an indicated resource of 12.68 million tonnes grading 0.105% U3O8 for 26.6 million lbs U3O8 and an estimated inferred resource of 2.76 million tonnes grading 0.110% U3O8 for an additional 6.1 million pounds of U3O8, both at a grade threshold of 0.02% and at a significantly lower GT threshold of 0.10%. The new resource figure is not considered a material change given the higher cut-off grade used.

The Technical Report was prepared by BRS, Inc. (“BRS“) whose principal author is Douglas L. Beahm, PE, PG, who is a principal engineer/geologist and consultant to BRS, and is independent of the Company. He is a qualified person for the purposes of NI 43-101. The co – independent authors of the technical report are Carl Warren, PE, PG, and Joshua Stewart, PE, PG, they are both employees of BRS and they are both qualified persons for the purposes of NI 43-101. Paul Goranson, Engineer, is also co-author of the Technical Report and is not independent of the Company. He is a qualified person for the purposes of NI 43-101.

About enCore Energy Corp.
With approximately 90 million pounds of U3O8 estimated in the measured and indicated resource categories, and 9 million pounds of U3O8 estimated in the inferred resource category1enCore is the most diversified in situ uranium development company in the United States. enCore aims to become the next producer of uranium from its licensed and formerly producing South Texas Rosita processing plant by 2023. South Dakota-based Dewey Burdock project and the Wyoming Gas Hills project offer medium-term production opportunities with New Mexico uranium resource endowments offering long-term opportunities. The enCore team is led by industry experts with in-depth knowledge and experience of all aspects of ISR uranium operations and the nuclear fuel cycle. For more information, visit www.encoreuranium.com.

dr. Douglas H. UnderhillCPG, the Company’s Chief Geologist and Qualified Person under NI 43-101, has approved the technical disclosure contained in this press release.

1Mineral Resource estimates are based on technical reports prepared in accordance with NI43-101 and available on SEDAR as well as on the Company’s website at www.encoreuranium.com.

Neither TSX, TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the appropriateness or accuracy of this release.

SOURCE enCore Energy Corp.

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