Mr. William Sheriff reports

ENCORE ENERGY APPOINTS CHIEF LEGAL OFFICER

EnCore Energy Corp. has appointed Robert Willette as chief legal officer.

Mr. Willette, chief legal officer

Mr. Willette is an accomplished general counsel and business executive with over 20 years of experience managing corporate legal functions for public and privately held entities across a multitude of sectors, including industrial, manufacturing, transportation, oil and gas, and renewables. He brings with him broad experience in corporate law and sophisticated commercial transactions, including securities, capital market transactions, mergers and acquisitions (M&As), divestitures, as well as significant experience in manufacturing, real estate, governance, compliance, intellectual property, and international operations and transactions. Most recently Mr. Willette served as ProFrac Holding Company's chief legal officer, chief compliance officer and corporate secretary, a multibillion-dollar publicly traded oil and gas services and technology company. Mr. Willette holds a BS, an MBA and a JD from the University of Kansas.

Executive chairman William M. Sheriff stated: "On behalf of the board of directors, it is a great pleasure to welcome Mr. Willette to the EnCore Energy team. Mr. Willette's background and expertise in mergers and acquisitions is an excellent fit for EnCore and his proven success delivering value through growth and commercial transactions will serve EnCore and our shareholders well."

In conjunction with this appointment, the company granted Mr. Willette 125,000 common shares in the capital of the company at a price of $6.25 per share for a five-year period, in accordance with its stock option plan. Vesting will occur over a period of 24 months, with an initial 25 per cent of the options vesting six months following the date of grant, followed by an additional 25 per cent of the options every six months thereafter until fully vested.

About EnCore Energy Corp.

EnCore Energy, America's clean energy company, is committed to providing clean, reliable and affordable domestic nuclear energy as the newest uranium producer in the United States. Uranium production commenced at EnCore's licensed and past-producing South Texas Rosita central processing plant (CPP) in November, 2023, with work under way for a planned 2024 restart of uranium production at its licensed and past-producing South Texas Alta Mesa CPP. EnCore solely utilizes in situ recovery (ISR) for uranium extraction, a well-known and proven technology co-developed by the leaders at EnCore Energy. In situ recovery extracts uranium in a non-invasive process using natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium. The EnCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle.

We seek Safe Harbor.