GlobeNewswire Inc | Feb 26, 2021 03:45PM EST

February 26, 2021

VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- enCore Energy Corp. (TSXV: EU; OTCQX:ENCUF) (the Company) announces that it has granted incentive stock options (the Options) to certain of its officers and consultants, to purchase an aggregate of up to 435,000 common shares in the capital of the Company at a price of $ 1.08 per share for a five year period, in accordance with its Stock Option Plan. Vesting will occur over a period of eighteen months, with an initial 25% of the Options vesting immediately upon grant, followed by an additional 25% of the Options every six months thereafter until fully vested.

For further information please contact the undersigned.

About enCore Energy Corp.enCore Energy Corp. is a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The Company is led by a team of industry experts with extensive knowledge and experience in the development and operations of in situ recovery uranium operations. enCore Energys opportunities are created from the Companys transformational acquisition of its two South Texas production facilities, the changing global uranium supply/demand outlook and opportunities for industry consolidation. These short-term opportunities are augmented by our strong long term commitment to working with local indigenous communities in New Mexico where the company holds significant uranium resources.

For additional information:William M. SheriffExecutive Chairman972-333-2214info@encoreenergycorp.comwww.encoreenergycorp.com