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AAZ.V ·

Azincourt Energy Announces Work Program on East Preston Project JV

Exploration Programs Partnerships & JV

1430 – 800 West Pender Street

Vancouver, BC V6C 2V6

[email protected]

www.azincourtenergy.com

Azincourt Energy Announces Work Program on East Preston Project JV

Vancouver B.C., October 18, 2017 - AZINCOURT ENERGY CORP. (“Azincourt” or the

“Company”; TSXV: AAZ) is pleased to announce initial exploration work pr ogram plans for the

Company’s East Preston project with option partners Skyharbour Resources Ltd. and Clean

Commodities Corp. - a highly prospective uranium pr oject located in the western Athabasca Basin

(see: Figure 1 – East Preston Project Location Map. PDF).

East Preston Program highlights

• Extensive re-interpretation of historical helicopter-borne VTEM and ground geophysical data by

expert geophysical consultant highlights untested conductor systems and corridor trends

• Ground geophysical program planned to refine drill targets over

• Grid establishment, Horizontal Loop Electromagnetic (HLEM) and Gravity surveys to be used

• Work to commence after freeze-up – November-Decembe r timing

East Preston Project 2017 Geophysical Program

Azincourt engaged a highly experienced geophysical consultant, Mr. Lawrence Bzdel, PGeo, to

interpret the extensive historical airborne and ground geophysical data set and build on the already

rich, previous work. The re-interpretation work has identified and prioritized numerous conductor

trends, with the highest priorities being the A, B and D trends, respectively (see: Figure 2 - East

Preston Survey Grid Location Map.PDF).

Trend A is a very long, wide N to NE trending condu ctive corridor with an observed flexure bound

and crosscut by interpreted E-W cross-faults. Trend B is a long linear conductor system coincident

with an interpreted NE trending fault. Trend D is a NNW trending conductor system parallel to an

interpreted fault.

The East Preston geophysical program is expected to commence in November following freeze-up

in northwestern Saskatchewan. Grid establishment wi ll precede the planned surveys. The grid

lines will be perpendicular to the interpreted VTEM conductive trends. The HLEM and Gravity

surveys will consist of 47 line km of each method.

The HLEM data will be collected with a 200 m Transm itter-Receiver separation, and 50 m station

intervals. The survey is designed to accurately ide ntify multiple conductor systems in this shallow

depth to basement environment. Unconformity-related uranium deposits are often associated in

proximity to basement conductive trends, and represent a first order criteria for discovery.

The Gravity survey will record measurements at 50 m station intervals. Subtle gravity low

anomalies can highlight areas of alteration and str uctural disruption. Gravity highs may represent

basement topography, which are also associated with unconformity-related uranium deposits.

This initial ground geophysical program is expected to yield drill targets within previously untested

corridors. The Company expects to generate enough targets for several drill programs.

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian

regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the

company by Ted O’Connor, P.Geo. a director of Azincourt Energy Corp., as well as a qualified

person.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource compa ny specializing in the strategic acquisition,

exploration and development of alternative energy/f uel properties, including uranium, lithium,

cobalt and other elements.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking statem ents”, including forecasts, estimates, expectations and

objectives for future operations that are subject t o a number of assumptions, risks and uncertainties, many of

which are beyond the control of Azincourt. Investo rs are cautioned that any such statements are not

guarantees of future performance and that actual re sults or developments may differ materially from th ose

projected in the forward-looking statements. Such forward-looking information represents management’s

best judgment based on information currently availa ble. No forward-looking statement can be guarantee d

and actual future results may vary materially.

For further information please contact:

Alex Klenman, CEO

Tel: 604-638-8063

[email protected]

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