Azincourt-Fission JV Defines Additional Drill Targets at PLN

SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 18, 2013) - AZINCOURT URANIUM INC. ("Azincourt" or the "Company") (TSX VENTURE:AAZ), and its joint venture partner and operator, Fission Uranium Corp. ("Fission") (TSX VENTURE:FCU), announces an update on its geophysical surveys and drill target selection at their Patterson Lake North (PLN) property in Canada's Athabasca Basin. A number of high priority drill targets have now been selected for the 2500m to 3000m winter drill program. Additional geophysical surveys will follow up results from October's MT survey to define additional targets.

Upcoming Winter 2014 Program Highlights

• 8-10 drill targets to be tested in 2500m to 3000m of drilling.
• Radon survey sampling at Hodge Lake in central part of the property; additional radon sampling coverage also being considered for southern lakes.
• 3 to 5 regional lines of detailed EM survey will provide further resolution of conductors and orient a future summer 2014 resistivity survey.
• Drill holes to test following areas:
  • North-northwest trending central conductive meta-sedimentary belt
  • Geophysical anomalies under Hodge Lake
  • Prospective north-northwest trending conductor

Survey/Geophysics Update

• Further interpretation of VTEM Max Survey: indicates south part of 8km trend is possibly U-shaped (fold-nose) conductor.
• Preliminary interpretation of MT Survey Line: suggests north part of the 8 km trend consists of multiple conductors dipping to west; additional ground surveys planned.

Ted O'Connor, President and CEO of Azincourt, commented,

"We look forward to the 2014 drill program as follow up to the successful target development and prioritization work completed and planned at PLN using techniques proven effective by Fission at Patterson Lake South. This will enhance drill target selection for testing this winter and for the future"

North-South Conductive Package

A VTEM Max (versatile time-domain electromagnetic) airborne geophysics survey completed in August 2013, resulted in the discovery of an 8-km long north-south trending package of conductive basement rocks (see News Release dated October 8, 2013). A 5-km follow-up Internal Field Gradient Magneto-Tellurics (MT) ground geophysics survey test line over the northern portion of this package has been completed by EMPulse Geophysics Inc. at 100m stations. While final inversion results are pending, the preliminary interpretation suggests that the conductive package is comprised of a series of parallel west dipping basement EM conductors.