Mr. William Sheriff reports

ENCORE ENERGY CORP. ANNOUNCES THE DEWEY BURDOCK ISR URANIUM PROJECT APPROVED FOR UNITED STATES GOVERNMENT FAST-TRACK PERMITTING; FIRST SOUTH DAKOTA CRITICAL MINERALS PROJECT ADDED TO FAST-41

EnCore Energy Corp.'s Dewey Burdock ISR uranium project, located in South Dakota, has been approved for inclusion in the Fast-41 program by the U.S. Federal Permitting Improvement Steering Council. This is a component of the implementation of President Trump's Executive Order on Immediate Measures to Increase American Mineral Production. The company's Dewey Burdock project received its source and byproduct materials licence in 2014, from the Nuclear Regulatory Commission (NRC), now under timely renewal, and will work with the NRC as the lead agency for federal permitting. EnCore's objective is to advance the Dewey Burdock project into development and operation utilizing the in-situ recovery (ISR) uranium extraction process.

Under the executive order, the permitting council identifies priority infrastructure and critical mineral projects to receive accelerated permitting review. The addition of the first South Dakota ISR project supports the domestic uranium production focus of the United States. This focus enables the development of essential clean energy, extracted through environmentally responsible ISR technology, to provide affordable, reliable domestic energy.

Executive chairman William M. Sheriff stated: "EnCore Energy is honoured to see the Dewey Burdock uranium project selected as a Fast-41 project and we look forward to working with the permitting council and the NRC to advance the project in an open and transparent process. Dewey Burdock plays an important role in supporting the U.S. nuclear fuel supply chain with domestically produced uranium for many years into the future. As the first critical mineral extraction project selected within the State of South Dakota we also look to working with the state government, tribal governments and local communities as we focus on building a stronger domestic supply of clean and affordable energy and providing economic stimulus to southwest South Dakota."

About the Dewey Burdock ISR uranium project

The Dewey Burdock ISR uranium project, wholly owned by EnCore, is an advanced-stage uranium project located in Custer and Fall River counties in South Dakota. The Dewey Burdock project will recover uranium from subsurface sandstone ore bodies through ISR technology, which utilizes a chemical-free water based solution in the production well field to dissolve uranium minerals in place and then pumps the uranium-bearing solution to a central processing plant for recovery. The use of ISR technology allows for minimal surface disturbance compared to conventional open-pit or underground uranium mining. The project consists of well field areas, a central processing plant, supporting infrastructure and environmental protection systems.

The company's Dewey Burdock project received its source and byproduct materials licence SUA-1600 on April 8, 2014, from the NRC, covering 10,580 acres. The company controls the mineral and surface rights for the area pertaining to the NRC licence. With the approval of Fast-41, enCore's objective is to advance the Dewey Burdock project into development and operation as an ISR uranium extraction project.

John M. Seeley, PhD, PG, CPG, EnCore's chief geologist, and a qualified person under Canadian National Instrument 43-101 and S-K 1300, has reviewed and approved the technical disclosure in this news release on behalf of the company.

About the permitting council and FAST-41

Established in 2015 by Title 41 of the Fixing America's Surface Transportation Act (FAST-41), the permitting council, is a federal agency charged with improving the transparency and predictability of the federal environmental review and authorization process for certain critical infrastructure projects. The permitting council is comprised of the permitting council executive director, who serves as the council chair; 13 federal agency council members (including deputy secretary-level designees of the secretaries of agriculture, army, commerce, interior, energy, transportation, defence, homeland security, and housing and urban development, the administrator of the environmental protection agency, and the chairs of the Federal Energy Regulatory Commission, Nuclear Regulatory Commission and the Advisory Council on Historic Preservation); and the chair of the White House Council on Environmental Quality and the director of the Office of Management and Budget.

The permitting council co-ordinates federal environmental reviews and authorizations for projects that seek and qualify for FAST-41 coverage. FAST-41 covered projects are entitled to comprehensive permitting timetables and transparent, collaborative management of those timetables on the federal permitting dashboard.

About EnCore Energy Corp.

EnCore Energy is committed to providing clean, reliable and affordable fuel for nuclear energy as the only United States 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 ISR uranium operations and the nuclear fuel cycle. EnCore solely utilizes ISR for uranium extraction, a well-known and 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.