Azincourt Energy Provides Update on the Harrier Uranium Project

Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company"), is pleased to provide an update on compilation work on the recently acquired Harrier Project in the Central Mineral Belt in Labrador, Canada.

SUMMARY

• Azincourt's 49,400 ha Harrier Project, which also contains the Company's existing Snegamook Uranium Deposit, is directly adjacent to and on trend with Atha Energy's Moran Lake C (9.6 Mlbs U₃O₈) and Anna Lake (4.9 Mlbs U₃O₈) deposits, and Paladin Energy's Michelin Project (127.7 million lbs U₃O₈).

• In addition to the Snegamook Deposit, high-grade uranium has been identified elsewhere at Harrier Lake - with surface samples up to 7.48% U₃O₈ and 14 mineralized zones across the property.

• Minimal historic drilling (124 holes) leaves significant untapped discovery potential.

• Azincourt's 2025 field work and 2026 drill program aim to unlock value across this underexplored, uranium-rich corridor.

Central Mineral Belt: A Re-Emerging Uranium Frontier

Labrador's Central Mineral Belt ("CMB") is one of Canada's most underexplored yet highly prospective uranium regions. Known for its numerous uranium and base metal deposits and showings, the CMB has seen renewed interest due to growing global demand for secure, domestic uranium supply as countries aim to increase nuclear power capacity to meet net-zero emissions goals.

The CMB hosts multiple large-scale uranium discoveries, including Paladin Energy's Michelin Uranium Project (127.7 million lbs U₃O₈), the Moran Lake C Deposit (historical resource of 9.6 Mlbs U₃O₈ and 11.8 Mlbs V₂O₅), and the Anna Lake Deposit (historical resource of 4.9 Mlbs U₃O₈). These known resources demonstrate the Belt's exceptional uranium endowment - but vast areas remain underexplored, with modern techniques only recently being applied across the region.

With its stable jurisdiction, historical high-grade discoveries, and modern exploration momentum, the CMB is emerging as one of North America's most exciting uranium exploration corridors.

Figure 1: Azincourt land position overlain on the geology of the Central Mineral Belt, Labrador, Canada

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/251669_82b756cd3479784a_002 ...

The Harrier Project: A Strategic Position in the CMB

Azincourt's Harrier Project - now expanded to include its previously acquired Snegamook Deposit - at 49,400 hectares represents one of the largest land positions in the Central Mineral Belt. The Harrier Project straddles key uranium-bearing structural corridors directly adjacent to and on trend with Atha Energy's Moran Lake and Anna Lake projects, and Paladin Energy's Michelin project - placing Azincourt at the center of a proven and growing uranium camp.