Azincourt Uranium Announces Private Placement

1430 – 800 West Pender Street Vancouver, BC V6C 2V6

[email protected] www.azincourturanium.com

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AZINCOURT URANIUM ANNOUNCES PRIVATE PLACEMENT

Vancouver, BC— October 14, 2016 Azincourt Uranium Inc. (the “Company”) (TSX-V: AAZ) announces its intention to carry out a non-brokered private placement of up to 5,000,000 Units at a price of $0.05 per Unit for gross proceeds to the Company of up to $250,000 (the “Offering”).

Each Unit will consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share for a period of two (2) years at a price of C$0.05 per common share.

The proceeds of the Offering will be used for general working capital purposes.

All securities issued under the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

Closing of this Offering is subject to the receipt of all necessary regulatory approvals including that of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.

“J. Ian Stalker”

J. Ian Stalker, Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.