EU.V · 2022-07-18 12:00:00

Encore Energy Appoints Former Department of Interior Principal Deputy Solicitor Gregory Zerzan as Chief Administrative Officer and General Counsel

Management Changes

ENCORE ENERGY APPOINTS FORMER DEPARTMENT OF INTERIOR

PRINCIPAL DEPUTY SOLICITOR GREGORY ZERZAN AS CHIEF

ADMINISTRATIVE OFFICER AND GENERAL COUNSEL

TSX.V: EU

OTCQB:ENCUF

www.encoreuranium.com

CORPUS CHRISTI, TEXAS

July 18, 2022

/CNW/ -

enCore Energy Corp.

enCore

" or the "

Company

") (TSXV: EU) (OTCQB: ENCUF) announced today that

Mr.

Gregory Zerzan

has been appointed as the Chief Administrative officer and General Counsel, effective

July 15, 2022

. Mr. Zerzan is a proven executive and

recognized legal expert on public and regulatory policies with more than 20 years of experience, most recently as the Principal Deputy Solicitor of the United

States Department of the Interior.

"We are thrilled to welcome Gregory to our executive team," said

William M. Sheriff

, Executive Chairman at enCore Energy

. "Gregory brings a wealth of

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 resources industries. At enCore, he will provide strong stewardship and navigation for the company as we advance our strategy amid a

revitalized but delicate public landscape. He will play an instrumental role, both as the Chief Administrative officer and as the General Counsel, as enCore

continues its progress towards many development and production milestones in becoming the next leading American uranium producer."

Gregory Zerzan

, Chief Administrative Officer and General Counsel

Gregory Zerzan

has held senior leadership positions in both the government and the private sector. During his career in public service, he has held several

prominent roles, most recently as Principal Deputy Solicitor of the United States Department of the Interior. In this position, Mr. Zerzan directed legal efforts in

areas including energy development, access to public lands, environmental reform, and tribal relations. Previously, Mr. Zerzan was appointed Deputy Assistant

Secretary of the United States Treasury and has also served as counsel to three different Congressional committees. In the private sector, Zerzan has been

Counsel and Head of Global Public Policy for the International Swaps and Derivatives Association, Director at Koch Companies, and a shareholder in the law firm

Jordan Ramis PC. Zerzan has served as a Senior Fellow at the

University of Melbourne

, Australia School of Law and frequently speaks at conferences, trade

associations and on television regarding matters of law and regulatory policy.

In conjunction with the appointment, the Company approved to grant Mr. Zerzan 400,000 stock options with 25% immediate vesting, 25% vesting on

December

31, 2022

, and 25% every 6 months thereafter. The stock options are exercisable for a term of five years at an exercise price of

$1.07

per common share.

About enCore Energy

With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U

estimated in the inferred