21:55:16 EDT Wed 18 Mar 2026
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Azincourt Energy Corp (3)
Symbol AAZ
Shares Issued 109,367,156
Close 2026-03-18 C$ 0.055
Market Cap C$ 6,015,194
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Azincourt Energy appoints Tommasi as CEO

2026-03-18 17:35 ET - News Release

Mr. Alex Klenman reports

AZINCOURT ENERGY CORP. APPOINTS MARK TOMMASI AS CHIEF EXECUTIVE OFFICER

Azincourt Energy Corp. has appointed Mark Tommasi as chief executive officer and director of the company, effective immediately.

Mr. Tommasi is a seasoned capital markets and corporate development professional with over 30 years of experience, including extensive involvement in the junior exploration sector. Over the course of his career, he has played a key role in guiding numerous companies from early exploration through critical growth stages, leveraging strategic insight and a results-driven approach to help organizations strengthen their market position and access capital.

Mr. Tommasi's expertise includes building strong industry relationships, securing financing and enhancing market visibility to attract investment. He specializes in structuring growth strategies, optimizing business models and positioning companies for both immediate success and long-term sustainability. With extensive C-suite and board-level experience, he has provided governance, financial structuring and strategic oversight to a variety of emerging companies within the resource sector.

Mr. Tommasi commented:

"I am very pleased to be joining Azincourt Energy at an exciting time for both the company and the uranium sector. Azincourt holds a strong portfolio of uranium exploration assets in Canada, including projects in premier uranium jurisdictions. With the increasing global focus on nuclear energy and the importance of secure uranium supply, I believe the company is well positioned to advance its projects and strengthen its presence within the uranium exploration space. I look forward to working with the team to build on the company's foundation and create long-term value for shareholders."

"I'm very pleased to welcome Mark as CEO," said former chief executive officer Alex Klenman. "Over the past year, we have successfully strengthened the company through meaningful capital raises while advancing a compelling uranium portfolio, anchored by our established Saskatchewan assets and complemented by our highly prospective project in Labrador. With a maiden resource estimate within reach and multiple catalysts ahead, the company is well positioned for continued growth. The timing for this leadership transition is both strategic and appropriate and, as a shareholder, I have strong confidence in Mark's ability to build on this momentum and drive Azincourt forward. I look forward to supporting the team in an advisory capacity as the company enters this next phase."

Azincourt would like to thank former CEO and director, Alex Klenman, for his time with the company. Mr. Klenman is also stepping down as corporate secretary and Mark Tommasi will assume the role. The company wishes Mr. Klenman all the best in his future endeavours.

Additionally, the company announces that it has granted 1.25 million restricted share units (RSUs) and 7.5 million incentive stock options to certain directors, officers and consultants of the company. Such grants are subject to TSX Venture Exchange approval. Each option is exercisable to purchase one common share of the company for five years at a price of six cents per common share. The RSUs and options were granted in accordance with the terms of the company's omnibus incentive plan and will be subject to vesting according to the plan.

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 the western Athabasca basin, Saskatchewan.

Azincourt continues to focus on advancing its uranium exploration portfolio, while positioning the company to benefit from the growing global demand for nuclear energy and uranium supply.

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