Mr. Alex Klenman of Azincourt reports

AZINCOURT ENERGY ANNOUNCES COMMENCEMENT OF WORK PROGRAM ON EAST PRESTON PROJECT JV

Azincourt Energy Corp. has commenced the previously announced exploration work program at the company's East Preston uranium project with option partners Skyharbour Resources Ltd. and Clean Commodities Corp. The East Preston project is a highly prospective uranium project located in the western Athabasca basin, Saskatchewan, Canada.

East Preston program highlights

• Extensive reinterpretation of historical helicopter-borne VTEM and ground geophysical data by expert geophysical consultants highlights untested conductor systems and corridor trends;
• Ground geophysical program planned to refine drill targets over prospective conductor trends;
• Grid establishment, horizontal loop electromagnetic (HLEM) and gravity surveys to be used;
• Temporary camp and exploration work permits received from Saskatchewan Ministry of Environment and contractors are mobilizing to start the work program.

East Preston project 2017 geophysical program

Azincourt engaged a highly experienced geophysical consultant, Lawrence Bzdel, PGeo, to interpret the extensive historical airborne and ground geophysical data set and build on the already rich, previous work. The reinterpretation work has identified and prioritized numerous conductor trends, with the highest priorities being the A, B and D trends, respectively.

Trend A is a very long, wide north- to northeast-trending conductive corridor with an observed flexure bound and crosscut by interpreted east-west cross-faults. Trend B is a long linear conductor system coincident with an interpreted northeastern-trending fault. Trend D is a north-northwest-trending conductor system parallel to an interpreted fault.

Grid establishment will precede the planned surveys. The grid lines will be perpendicular to the interpreted VTEM conductive trends. The HLEM and gravity surveys will consist of 50 line km of each method.

The HLEM data will be collected with a 200 m transmitter-receiver separation, and 50 m station intervals. The survey is designed to accurately identify multiple conductor systems in this shallow depth to basement environment. Unconformity-related uranium deposits are often associated in proximity to basement conductive trends, and represent a first order criteria for discovery.

The gravity survey will record measurements at 50 m station intervals. Subtle gravity low anomalies can highlight areas of alteration and structural disruption. Gravity highs may represent basement topography, which are also associated with unconformity-related uranium deposits.

This initial ground geophysical program is expected to yield drill targets within previously untested corridors. The company expects to generate enough targets for several drill programs.

"We are happy to get to work at East Preston, the timing is excellent," said Alex Klenman, president and chief executive officer. "With the uranium sector poking its head out of an extended hibernation, we feel that along with the addition of lithium and other critical clean energy elements to our expanding project portfolio, Azincourt is poised to continue its growth pattern into 2018 and beyond," continued Mr. Klenman.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ted O'Connor, PGeo, a director of Azincourt Energy, as well as a qualified person.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel properties, including uranium, lithium, cobalt and other elements.

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