Mr. William Sheriff reports

ENCORE ENERGY CORP. APPOINTS MR. KEVIN KREMKE AS CHIEF FINANCIAL OFFICER

EnCore Energy Corp. has appointed Kevin Kremke as chief financial officer, effective Oct. 1, 2025.

William M. Sheriff, executive chairman, stated: "On behalf of the board of directors, it is my pleasure to welcome Kevin to the position of chief financial officer of EnCore Energy. As we continue our aggressive growth strategy establishing EnCore as America's Clean Energy Company, it is essential that we incorporate talented and proven individuals to our team who can help achieve that growth. Kevin's depth of financial expertise, combined with his leadership experience in energy and natural resources, will strengthen our organization and support our strategy to provide the necessary fuel for domestic nuclear energy and deliver increasing value to our shareholders. His extensive background in corporate finance, capital markets and strategic planning will be instrumental to the company now and into the future. On behalf of the entire EnCore team, I welcome Kevin aboard."

Mr. Kremke, chief financial officer

Mr. Kremke is a seasoned finance executive and strategic operator with a proven record of driving growth, transformation and disciplined financial stewardship across diverse industries. With deep expertise spanning corporate finance, M&A (mergers and acquisitions), capital markets and operational leadership, he brings the rare ability to balance strategic vision with hands-on execution.

Mr. Kremke has held chief financial officer roles in both large publicly traded and private equity companies, where he has guided organizations through periods of rapid expansion, restructuring and complex capital-raising initiatives. His work includes leading large-scale budgeting and forecasting processes, executing merger and acquisitions transactions, and optimizing capital structures to strengthen shareholder value. Known for his collaborative leadership style, Mr. Kremke partners closely with the C suite of officers, the board of directors and investors to align financial strategy with long-term business goals. He brings broad experience from the oil and gas, electric power and energy transition industries.

Mr. Kremke holds an MBA from the University of Chicago Booth School of Business and a BS from Ball State University.

In conjunction with this appointment, the company has granted Mr. Kremke a total of 250,000 options and 250,000 restricted stock units. Each option is exercisable to acquire a common share of the company at a price of $2.30 (U.S.) for a period of four years. The options are subject to vesting on the basis of 25 per cent every 12 months. The restricted stock units entitle the holder to receive common shares of the company upon vesting, with vesting occurring over a four-year period on the basis of 25 per cent every 12 months. The grants are subject to the terms of the company's long-term incentive plan.

About EnCore Energy Corp.

EnCore Energy, 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 ISR (in situ recovery) 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.