ENCORE ENERGY APPOINTS FORMER DEPARTMENT OF INTERIOR DEPARTMENT PRINCIPAL ASSISTANT COUNSEL GREGORY ZERZAN AS ADMINISTRATIVE DIRECTOR AND GENERAL COUNSEL

TSX.V: EU
OTCQB: ENCUF
www.encoreuranium.com

CORPUS CHRISTI, TEXAS, July 18, 2022 /PRNewswire/ – enCore Energy Corp. (“bis“or the”Company“) (TSXV: EU) (OTCQB: ENCUF) announced today that Mr. Gregory Zerzan was appointed Chief Administrative Officer and General Counsel, effective July 15, 2022. Mr. Zerzan is a recognized leader and recognized legal expert in public and regulatory policy with over 20 years of experience, most recently as Senior Assistant Counsel for the United States Department of the Interior.

“We are delighted to welcome Gregory to our management team,” said William M. SheriffExecutive Chairman at enCore Energy. “Gregory brings extensive experience and expertise in public affairs and legislative and regulatory relations, having worked successfully in both the public and private sectors with a specialty in the energy and natural resource industries. At enCore, he will provide strong stewardship and navigation for the business as we advance our strategy in a revitalized but challenging public landscape. He will be instrumental, both as Chief Administrative Officer and Chief Legal Officer, as enCore continues its progress through numerous stages of development and production to become the next leading U.S. uranium producer.”

Gregory Zerzanadministrative director and general counsel

Gregory Zerzan has held senior positions in government and the private sector. During his public service career, he held several high-profile positions, most recently as Senior Assistant Counsel for the United States Department of the Interior. In this position, Mr. Zerzan led legal efforts in areas such as energy development, access to public lands, environmental reform and tribal relations. Previously, Mr. Zerzan served as Deputy Assistant Secretary of the United States Treasury and also served as an advisor to three different congressional committees. In the private sector, Zerzan has served as an advisor and head of global public policy for the International Swaps and Derivatives Association, a director at Koch Companies and a shareholder at the law firm Jordan Ramis PC. Zerzan was principal investigator at the University of MelbourneAustralia School of Law and speaks frequently at conferences, professional associations and on television on issues of law and regulatory policy.

Concurrent with the appointment, the Company approved the grant to Mr. Zerzan of 400,000 stock options with 25% immediate vesting, 25% vesting on December 31, 2022, and 25% every 6 months thereafter. Stock options are exercisable for a period of five years at an exercise price of $1.07 per ordinary share.

About enCore Energy

With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category1enCore is the most diversified in situ uranium development company in the United States. enCore aims to become the next producer of uranium from its licensed and formerly producing South Texas Rosita processing plant by 2023. South Dakota-based Dewey Burdock project and the Wyoming Gas Hills project offer medium-term production opportunities, with New Mexico uranium resource endowments offering long-term opportunities. The enCore team is led by industry experts with in-depth knowledge and experience of all aspects of ISR uranium operations and the nuclear fuel cycle.

For more information, visit www.encoreuranium.com.

1 Mineral resource estimates are based on technical reports prepared in accordance with NI43-101 and available on SEDAR as well as on the companies’ websites at www.encoreuranium.com.

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SOURCE enCore Energy Corp.

Betty K. Park