Battery Metals

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Azincourt Energy Corp. (" Azincourt " or the " Company ") (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2) is pleased to announce that it has closed a non-brokered private placement with certain institutional investors for proceeds of C$5,101,000 (the " Offering ").

In connection with closing of the Offering, the Company has issued 63,762,500 flow-through units (each, a " FT Unit ").  Each FT Unit was offered at a price of $0.08.  Each FT Unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.10 until March 31, 2024.

The gross proceeds from the Offering will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), which will be renounced with an effective date of no later than December 31, 2022, to the purchasers of the FT Units.  If the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Units for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the qualifying expenditures. It is expected that funds from the Offering will be applied directly to the current drill program at the East Preston uranium project, and the upcoming initial drill program at the Hatchet Lake uranium project, both located in Athabasca basin, Saskatchewan, Canada.

All securities issuable in connection with the Offering are subject to a statutory hold period, in accordance with applicable securities laws, until August 1, 2022. In connection with closing of the Offering, the Company paid finders' fees totaling $320,000 and issued 1,025,000 finder's shares and 5,025,000 finders' warrants.  Each finders' warrant is exercisable into one common share of the Company at a price of $0.10 until March 31, 2024.

Share Consolidation

The Company also announces that its board of directors has approved a restructuring of the Company though a consolidation of its outstanding common share capital (the " Share Consolidation ") on the basis of  one (1) post-Share Consolidation common share for every two and one-half (2.5) pre-Share Consolidation common shares outstanding.

Assuming completion of the Share Consolidation on a 2.5-for-1 basis, the Company would have approximately 227,000,000 common shares outstanding. Completion of the Share Consolidation remains subject to the approval of the TSX Venture Exchange. The Share Consolidation is expected to be implemented on or before April 15, 2022, and the Company will provide further information on the effective date of the Share Consolidation once confirmed.

Any fractional interest in common shares resulting from the Share Consolidation will be rounded down to the nearest whole common share. Registered shareholders will receive a letter of transmittal from TSX Trust Company, Azincourt's transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholder's accounts.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its majority controlled joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF Azincourt Energy Corp.

"Alex Klenman"
Alex Klenman, President & CEO

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes "forward-looking statements", including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com


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Azincourt Energy: Entering Their Largest Drill Program to Date, CEO Clip Video

Azincourt Energy: Entering Their Largest Drill Program to Date, CEO Clip Video

Azincourt Energy Corp. (TSXV: AAZ) (OTCQB: AZURF Alex Klenman, CEO & President, speaks about the company's East Preston Project and its significant potential.

Azincourt Energy Corp.(TSXV: AAZ) (OTCQB: AZURF)

https://azincourtenergy.com/

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InvestmentPitch Media Video Discusses Azincourt Energy's 2021 Winter Exploration Program on its East Preston Uranium Project in Western Athabasca Basin - Video Available on Investmentpitch.com

Azincourt Energy (TSXV: AAZ) (OTC Pink: AZURF) (FSE: A0U2) has mobilized a drill rig and crew to begin the 2021 winter exploration program on its East Preston uranium project. The company recently completed the acquisition of a 70% interest in the 25,000+ hectare East Preston uranium project located in the western Athabasca basin in Saskatchewan, Canada. The project, one of the largest tenure land positions in the Patterson Lake region, is strategically located near NexGen Energy's high-grade Arrow deposit, Fission Uranium's Triple R deposit and the AREVACamecoPurepoint joint venture.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Azincourt" in the search box.

Azincourt previously had an option to acquire its 70% interest through an agreement with Skyharbour Resources Ltd. and Dixie Gold Inc. with both companies now holding 15%. To earn its majority interest, Azincourt completed $2.5 million in staged exploration expenditures and paid a total of $1 million in cash payments over the previous four years.

Multiple prospective conductive, low magnetic signature corridors have been discovered on the property.

These distinct corridors have a total strike length of more than 25 kilometers, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery.

The 2021 exploration program will be a minimum of 10 to 12 diamond drill holes, totalling 2,000 to 2,500 meters and is expected to begin this weekend, with drilling starting in the AB-Zone and continuing southwest along the G-Zone. Drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies, indicating an environment conducive to fluid movement and uranium deposition.

The program is based on a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground-based EM and gravity surveys, and property wide VTEM and magnetic surveys. The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor.

Alex Klenman, President and CEO, stated: "Naturally, we're eager to get the drill program underway. The most exciting part of what we do is drilling. We're only 12 holes into East Preston, and to date the data generated is suggesting we're getting closer to a potential discovery. The data is strong, and it is reflected through multiple exploration activities that essentially stack on top of one another. This coincidental layering creates very strong targets. We have dozens of targets to test, we're really only scratching the surface."

Azincourt is also developing the Escalera Group which consists of three concessions covering a combined area of 7,400 hectares of prospective exploration targets for uranium and lithium in the Puno district of southeastern Peru.

For more information, please visit the company's website www.AzincourtEnergy.com, contact Alex Klenman, President & CEO, at 604-638-8063 or email info@AzincourtEnergy.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

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Barry Morgan, CFO
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75313

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Azincourt Energy Announces First Tranche Closing of $887,500 and Additional Flow Through Private Placement

Azincourt Energy Corp. (TSXV: AAZ) ("Azincourt" or the "Company"), is pleased to announce that it has closed on $887,500 being the first tranche of a non-brokered private placement of units (each a "Unit") to raise gross proceeds of up to $1,500,000 and, due to strong market interest, it has elected to conduct an additional offering of flow through units (each, a "FT Unit") for gross proceeds of $100,000 (the "Offering").

Each Unit and FT Unit is comprised of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share for 5 years at a price of $0.07 per common share.

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Azincourt Energy Closes Fully-Subscribed Flow-Through Offering

 Azincourt Energy Corp. (TSXV: AAZ) ("Azincourt" or the "Company") is pleased to announce that it has completed the offering of 30,000,000 flow-through units (each, an "FT Unit") by way of non-brokered private placement at a price of $0.05 per FT Unit for gross proceeds of $1,500,000. Each "FT Unit" is comprised of one common share and one common share purchase warrant (each, a "Warrant") exercisable to acquire an additional common share at a price of $0.07 until January 19, 2026. The placement was fully-subscribed and included participation from a significant institutional investor.

The gross proceeds from the placement will be used to fund Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) which shall qualify as "flow-through mining expenditures", for the purposes of the Income Tax Act (Canada). It is anticipated that expenditures will largely be focused on continuation of the Company's ongoing diamond drilling program at the East Preston Uranium Project, located in the western Athabasca basin, Saskatchewan, Canada.

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Azincourt Energy Announces Grant of Incentive Stock Options

Azincourt Energy Corp. (TSXV: AAZ) (OTC: AZURF) ("Azincourt" or the "Company") announces it has granted an aggregate of 7,250,000 incentive stock options to directors, officers and consultants of the Company, subject to TSX Venture Exchange acceptance. Each option is exercisable to purchase one common share of the Company until January 5, 2026 at a price of C$0.05 per common share in accordance with the terms of the Company's stock option plan.

About Azincourt Energy Corp.

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Skyharbour Secures Option to Acquire an Initial 51% and Up to 100% of the Russell Lake Uranium Project from Rio Tinto in the Athabasca Basin of Saskatchewan

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Skyharbour Resources Ltd.'s (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the "Company") is pleased to announce that it has entered into an Option Agreement with Rio Tinto Exploration Canada Inc. ("RTEC"), a wholly owned subsidiary of Rio Tinto Limited ("Rio Tinto"), to acquire up to 100% of the Russell Lake Uranium Project (the "Property" or "Project"), which comprises 26 claims covering 73,294 hectares of prospective exploration ground strategically situated between the Company's Moore Uranium project (to the east) and Denison Mines' Wheeler River project (to the west) in the eastern portion of the Athabasca Basin.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg

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ValOre Metals Corp. ("ValOre"; TSX ‐ V: VO; OTC: KVLQF; Frankfurt: KEQ0, "the Company") today filed a technical report (the "Technical Report") for ValOre's 100%-owned Pedra Branca Platinum Group Elements ("PGE", "2PGE+Au") Project ("Pedra Branca") in northeastern Brazil.

The Technical Report, entitled "Independent Technical Report – Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil" has been prepared in accordance with National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") and can be found at www.sedar.com .

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Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. The Vancouver Resource Investment Conference (VRIC) will host over 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics on May 17th and 18th, 2022.

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"Dipole was first drilled in 2015, where 9 of 9 ValOre diamond drill holes intersected multiple zones of near surface uranium mineralization in rocks analogous to those found in the Lac 50 Trend deposits," stated ValOre's VP of Exploration, Colin Smith. "2022 RC drilling at Dipole confirms that U 3 O 8 mineralization remains open at depth and along strike in both directions coincident to a 3.4-km-long, coincident, VLF-EM conductor and uranium-in-soils anomaly."

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