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ROJECT

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Azincourt”

nction with

m Project.

pproximately

thium Two P

ant drilled r e

. Historical r

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tang Miner a

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esource

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a rise in

als and

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atites.

Figure 1: N

“We’re ple

Alex Klen

historical

considerab

lithium e x

Klenman.

New Age/Az

eased to ad d

nman. “The

resources.

ble upside t o

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zincourt JV g

d this groun d

area in and

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district and

ground inclu

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around Cat

ific additio n

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control a si z

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ective,” said

ithium-beari

being done

zeable foot p

t’s potentia

president &

ing pegmatit

i n t h e a r ea

print in a g r

al,” continu e

& CEO,

tes and

a, adds

rowing

ed Mr.

The pegmatites in this region of southeast Manitoba are describ ed as being a part of the Winnipeg

River Pegmatite Field. Several la rge lithium-bearing pegmatites exist in this regi on and exploration

activity in the region is increasing. This pegmatite field is h ost to the world-class Tanco Pegmatite,

which is a highly fractionated Lithium-Cesium-Tantalum (LCT Typ e) pegmatite and has been

mined in varying capacities since 1969. The LCT-type pegmatites can contain large amounts of

Spodumene (one of the primary ores used in hard rock lithium ex t r a c t i o n ) a n d a r e a p r i m a r y

geological target in hard rock li thium exploration. They also c an contain econom ic qualities of

tantalum and cesium as well as other lithium bearing minerals such as mica.

The acquisition of this new project and other recent acquisitio ns has made the New Age

Metals/Azincourt Energy Joint Ven ture the largest claim holder for Lithium Projects in the

Winnipeg River Pegmatite Field. At present, the Joint Venture has eight projects totalling over

14,000 hectares in the Winnipeg River Pegmatite Field.

Work Program Update

Preliminary field work and additional ground proofing is curren tly underway on the Lithium 2

Project. Field work here, and on all of the targeted projects, consists of prospecting, mapping and

sampling that will generate data on the lithium-bearing properties of the pegmatites contained in the

New Age/Azincourt project portfolio.

A primary objective of this work at Lithium 2 is to finalize dr ill plans and ini tiate the 2018 drill

program. A 3000-meter preliminary drill program is scheduled t o commence this summer at both

the Lithium 1 and Lithium 2 projects. Management of both compan ies plan to update their

shareholders and interested parties with regular updates from the ground over the coming weeks and

months.

Terms

This addition to the original JV agreement with New Age Metals commits Azincourt to an

additional $250,000 worth of explor ation spend over the life of the partnership and has increased

the 2018 exploration budget by $100,000. New Age Metals will a lso receive and additional

250,000 shares of Azincourt as part of the terms of the deal. For complete terms of the existing

agreement please refer to the Azincourt news release dated January 15, 2018.

Qualified Person

The contents contained herein that relate to Exploration Result s or Mineral Resources is based on

information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New

Age Metals. Mr. Galeschuk is the Qualified Person as defined b y National Instrument 43-101 and

has reviewed and approved the technical content of this news release.

About Azi

Azincourt

exploration

cobalt and

ON BEHA

“Alex Klen

Alex Klen

Neither th

the policie

this releas

This pre s

expectatio

and uncert

any such

developme

forward-lo

currently a

vary mater

For furthe

Alex Klen

Tel: 604-6

info@azin

Azincourt

1430 – 800

Vancouver

V6C 2V6

www.azin

incourt Ene

Energy is a

n and dev e

d other eleme

ALF OF TH

nman”

nman, Presid

e TSX Vent u

es of the TS X

e.

ss release

ns and objec

tainties, man

statements

ents may di f

ooking info r

available. N

rially.

er informati

nman, Presid

638-8063

ncourtenergy

Energy Corp

0 West Pend

r, BC

ncourtenergy

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a Canadian-b

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ents.

HE BOARD

dent & CEO

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