Mr. William Sheriff reports

ENCORE ENERGY APPOINTS RICHARD LITTLE AS CHIEF EXECUTIVE OFFICER; WILLIAM M. SHERIFF RETURNS AS EXECUTIVE CHAIR

The independent members of EnCore Energy Corp.'s board of directors have unanimously voted to appoint Richard H. Little as chief executive officer, replacing Robert Willette, effective immediately. Mr. Little will also join the company's board of directors, effective immediately. EnCore founder and former executive chair, William M. Sheriff, has agreed to the board's request for his immediate return as executive chair.

The company will host a corporate update conference call on Thursday, April 23, 2026, at 11 a.m. ET.

EnCore's board is committed to a program of corporate renewal to recapture the company's earlier momentum and industry leadership and improve operating performance, as follows:

• A shareholder-friendly commitment to more fulsome shareholder communications encompassing disclosure of technical information, project developments and strategic objectives;
• An immediate focus on cost management and efficiency across the organization;
• Dedicated commitment to securing necessary permits in a more timely manner;
• Aggressive development of the company's premier long-life assets;
• A renewed commitment to accretive mergers and acquisitions.

"Achieving our goals takes an intense management focus and strong commitment to a clear vision and path forward." said Mark Pelizza, EnCore's lead independent director, "With William Sheriff's proven vision and guidance, combined with Richard Little's strong track record as a seasoned operator who focuses on execution and operational rigor, EnCore will be better positioned to deliver a more disciplined approach to maximizing shareholder returns. As directors, we are committed not only to focusing on our oversight of operations but also on providing shareholders with timely disclosure. We renew our commitment to transparency and superior shareholder communications as our new management works towards the realization of exceptional potential at Dewey Burdock and Alta Mesa East."

Chief executive officer Rich Little stated: "After assessing EnCore's current operations and comparing them to my own experience, I believe I can add value by cutting costs and driving efficiencies with the goal of becoming a more profitable and successful organization. The asset base is excellent, but there is room to be more efficient while focusing on all aspects of the business; from exploration and drilling through delivering product to our valued customers. I see a strong growth profile that can be accelerated in the current environment. Disciplined execution, focus on the vision, strengthening operational performance and creating value for shareholders will be my priorities." Mr. Little further noted: "The domestic uranium industry continues to experience permitting delays, and EnCore is no exception. Timely permitting is critical to achieving production goals and the CEO needs to be personally involved in the permitting effort, helping regulators to expedite our requirements after years of relatively low industry activity levels. Many of these challenges will be resolved in the coming months through the persistent/accelerated efforts of the government agencies in concert with EnCore's dedicated staff."

"I am honoured to return to the position of executive chair in conjunction with this transition in corporate leadership," said Mr. Sheriff, EnCore's founder. "Rich brings the hands-on operating experience with public companies that EnCore needs to lead in the domestic uranium sector. His background in the natural gas industry is exactly what EnCore needs to carry us through the challenges of permitting, lowering costs across the board, increasing operational efficiencies and aggressively developing the company's premier assets -- Alta Mesa East and Dewey Burdock."

The company thanks Mr. Willette for his service and wishes him success in future endeavours.

Richard H. Little, chief executive officer and director

Mr. Little brings over 30 years of industry and public company experience primarily focused on enhancing production, well performance, operational efficiency, acquisitions and divestitures. His career in the resource industry highlights a result-oriented management style.

Mr. Little previously served as the chief executive officer of Fury Resources, Inc., established to evaluate acquisitions. Prior to this, he served as the chief executive officer of Ajax Resources LLC, where he engineered the sale of substantially all of its assets in the Northern Midland basin to Diamondback Energy Inc. for a total consideration of $1.24-billion. Following this transaction, Mr. Little served as chief executive officer of Halcon Resources specifically to negotiate a prepackaged bankruptcy to clear the company of over $750-million in debt. He then reorganized the company to include a new management and operations team and relisted on the New York Stock Exchange in February, 2020, as Battalion Oil where he served for three years.

About EnCore Energy Corp.

EnCore Energy, America's clean energy company, is committed to providing clean, reliable and affordable fuel for domestic nuclear energy. The EnCore team is led by industry experts with extensive knowledge and experience in all aspects of uranium in situ recovery (ISR) 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.

Building on EnCore's demonstrated success in South Texas, future major projects in EnCore's planned project pipeline include the expansion of Alta Mesa to include the Alta Mesa East property, 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 projects.

We seek Safe Harbor.