Mr. Robert Willette reports

ENCORE ENERGY CORP. HOSTS CORPORATE UPDATE

William M. Sheriff, executive chairman, and Robert Willette, chief executive officer, are hosting a corporate update for EnCore Energy Corp. on Wednesday, Aug. 27, at 1:15 p.m. ET. The corporate update will include an overview of current operations at south Texas, expansion of the Alta Mesa project and details of the recently closed convertible note offering. Attendees can register for the webcast.

About the convertible notes

On Aug. 22, 2025, EnCore Energy closed a $115-million (U.S.) senior unsecured convertible note offering due Aug. 15, 2030.

This unique financing provides the company with access to long-term capital and maximum balance sheet flexibility going forward. The notes bear a very attractive cash interest rate of 5.50 per cent with flexibility upon investor conversions in future, to pay the principal in cash, common shares or any combination thereof, at the company's election. In addition, the company also retains the right to redeem the notes ahead of maturity, thereby forcing convertibility if the stock exceeds $4.28 (U.S.) for 20 out of 30 trading days from Aug. 21, 2028, onward.

In addition, the company also entered into a private capped-call arrangement with an international consortium of leading banks to minimize any future dilution attributable to the notes, by raising the effective conversion premium from 127.5 per cent to 175 per cent above the closing price of the company's shares immediately preceding the transaction announcement on Aug. 19, 2025. Simply stated, this means that the company has diversified their investor base, raising flexible growth capital without dilution to shareholders until the stock price exceeds approximately $4.52 (U.S.) per share.

For those who are unable to attend, the webcast recording will be available to watch.

About EnCore Energy Corp.

EnCore, America's clean energy company, is committed to providing clean, reliable and affordable fuel for nuclear energy as the only U.S. uranium company with multiple central processing plants in operation. The EnCore team is led by industry experts with extensive knowledge and experience in all aspects of in situ recovery uranium operations and the nuclear fuel cycle. EnCore solely utilizes ISR for uranium extraction, a proven technology co-developed by the leaders at EnCore Energy.

Following upon EnCore's demonstrated success in south Texas, future projects in EnCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The company holds other assets including non-core assets and proprietary databases. EnCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments.

We seek Safe Harbor.