Mr. Ted O'Connor reports

AZINCOURT UNDERTAKES FLOW THROUGH PRIVATE PLACEMENT

Azincourt Uranium Inc. intends to undertake a non-brokered private placement to raise total gross proceeds of up to $1,042,010. The financing will be effected through the sale of up to 3,473,366 flow-through shares at a price of 30 cents per flow-through share.

The net proceeds of the private placement will be used to advance the company's Patterson Lake North property in Canada's Athabasca basin.

The company expects to pay finders' fees in connection with the offering, in accordance with TSX Venture Exchange policies.

Closing of the private placement is subject to receipt of TSX Venture Exchange approval.

We seek Safe Harbor.