Azincourt Energy closes private placement

Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) - AZINCOURT ENERGY CORP. (TSXV: AAZ) ("Azincourt" or the "Company") is pleased to announce the closing of its non-brokered private placement previously announced August 4, 2026 consisting of 8,223,000 flow-through units (the "FT Units") at a price of $0.045 per FT Unit and 3,474,000 non-flow through units (the "NFT Units") at a price of $0.045 per NFT Unit for gross proceeds of C$526,365 (the "Offering").

Each FT Unit consists of one common share in the capital of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant. Each NFT Unit consists of one common share in the capital of the Company and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.07 for a period of 24 months from the date of issuance.

The gross proceeds from the issuance of the FT Units will be used to incur eligible Canadian exploration expenses that are intended to qualify as "flow-through mining expenditures" as those terms are defined in the Income Tax Act (Canada). The proceeds from the issuance of the NFT Units will be used for general and administrative expenses and general working capital purposes.

Proceeds of the Offering will not be used for payments to non-arm's length parties of the Company nor for any payment relating to persons conducting investor relations activities.

In connection with the closing of the Offering the Company paid arms-length finders' fees totaling $26,693.10 and issued a total of 593,180 non-transferable finder's warrants. Each finder's warrant is exercisable into one common share of the Company at a price of $0.05 for a period of 24 months from the date of issuance. All securities issued in connection with the Offering, including any securities issued or issuable as finder's fees, will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The Offering remains subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Azincourt Energy Corp.

Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy and critical mineral projects, including uranium and lithium. The Company is currently active at its East Preston uranium project located in the Athabasca Basin, Saskatchewan, and is building a portfolio of uranium exploration opportunities in Labrador's Central Mineral Belt.