Azincourt plans summer uranium drill program at Harrier

• Azincourt Energy Corp. announced a late-summer diamond drilling and prospecting program at its Harrier uranium project in Labrador, Canada.
• The program targets approximately 2,000 meters across 6 to 10 drill holes, primarily focusing on the Snegamook uranium deposit.
• Key objectives include confirming historical mineralization, rehabilitating historical core at the Kanairiktok facility, and preparing the groundwork for a maiden NI 43-101 compliant resource estimate.
• Parallel prospecting will advance high-grade targets including the Brook showing (up to 6.28% U3O8) and the Minisinakwa claim group.
• Logistics including drilling, camp, and helicopter services are contracted, with the program slated to commence mid-to-late August.
• This announcement follows the company's March 2026 private placement which raised C$2.2 million specifically earmarked for the 2026 drilling and exploration budget.

• The announcement is a routine execution of previously disclosed plans and financing.
• The March 2026 private placement explicitly allocated proceeds to the summer 2026 drilling budget, making this program announcement an expected operational milestone rather than a new catalyst.
• The focus on confirming historical data and preparing for a maiden resource estimate aligns with the company's stated 2026 exploration roadmap.
• No new financial terms, unexpected assay results, or strategic shifts are introduced in this release.
• The market impact is expected to be neutral to mildly positive as it confirms capital deployment but does not alter the fundamental risk/reward profile ahead of the actual assay results.

• Azincourt Energy Corp. is a pre-revenue uranium and lithium exploration company advancing properties across Canada.
• The flagship Harrier Project is located in the Central Mineral Belt of Newfoundland and Labrador, covering 12,200 to 49,400 hectares across five license groups.
• The project hosts the Snegamook uranium deposit, with historical drilling identifying 20- to 50-meter wide zones of uranium-bearing brecciated monzodiorite.
• Surface sampling has returned high-grade results, including 6.28% U3O8 at the Brook showing and 2.71% U3O8 at Snegamook.
• The company also holds an interest in the East Preston Project in the Athabasca Basin, Saskatchewan, and has taken a strategic equity position in Nuclea Energy Inc. to gain downstream exposure to micro-reactor technologies.
• The company's strategy focuses on advancing under-explored uranium projects in world-class Canadian districts to supply growing nuclear fuel demand.