Azincourt Uranium Closes Option Agreement to Acquire a 70% Interest in the East Preston Uranium Project in the Athabasca Basin
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1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourturanium.com
Azincourt Uranium Closes Option Agreement to Acquire a 70% Interest in
the East Preston Uranium Project in the Athabasca Basin
Vancouver B.C., April 10, 2017 - AZINCOURT URANIUM INC. (“Azincourt” or the “Company”;
TSXV: AAZ) announces that, further to its news release dated March 28, 2017, it has completed
the acquisition of an option to acquire an undivide d seventy per cent (70%) interest in the East
Preston Project located in the highly prospective w estern Athabasca basin (the “East Preston
Project”).
At closing, the Company:
1. paid aggregate cash consideration of $150,000 ($ 75,000 to each of the optionors
Skyharbour Resources Ltd and Clean Commodities Corp.;
2. issued aggregate share consideration of 4,500,00 0 shares (2,250,000 to each of
Skyharbour Resources Ltd and Clean Commodities Corp.) and
3. paid a finders fee to Transcend Capital Inc. of 398,913 shares.
Azincourt may exercise the option by incurring an a ggregate of CDN$2,500,000 of staged
expenditures and paying an aggregate of CDN$1,000,0 00 in staged cash payments over four
years.
There is an underlying 2% NSR on commercial product ion from the East Preston Project and
AREVA Resources Canada will retain a Right of First Refusal on the any future proposed sale of
East Preston.
The Company will provide a detailed follow up news release summarizing the proposed work
program on the East Preston Project once determined.
About Azincourt Uranium Inc.
Azincourt Uranium Inc. is a Canadian based resource company specializing in the strategic
acquisition, exploration and development of uranium properties based out of Vancouver, British
Columbia. The Company’s Patterson Lake North Prope rty (“PLN”), also located in the western
Athabasca Basin, lies adjacent and to the north of the Patterson Lake South property (Arrow
deposit), owned by Fission Uranium Corp. The compa ny owns a 10% working interest in PLN and
Fission 3.0 owns a 90% interest. In addition, the Company is currently evaluating additional
uranium properties to acquire or joint venture.
ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.
“Paul Reynolds”
Paul Reynolds, CEO
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.
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This press release includes “forward-looking statem ents” that are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the con trol of Azincourt. Investors are cautioned that an y such
statements are not guarantees of future performance and that actual results or developments may differ
materially from those projected in the forward-look ing statements. Specifically, there is no assuranc e the
Company will be able to exercise the option or acquire any interest in the East Preston Project.
For further information please contact:
Paul Reynolds
Tel: 604-638-8063