Vancouver, British Columbia, June 11, 2026 – AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ, OTCQB:AZURF), is pleased to announce that preparations are underway for a late-summer diamond drilling and prospecting program at the Company’s Harrier Uranium Project, located in the Central Mineral Belt of Labrador, Canada, which includes the Snegamook Uranium Deposit.
About the Harrier Project
Azincourt’s Harrier Project covers 12,200 hectares over five distinct licence groups, representing one of the larger land positions in the Central Mineral Belt. The Harrier Project covers the Snegamook uranium deposit and straddles key uranium-bearing structural corridors directly adjacent to and on trend with Atha Energy’s Moran Lake (9.6 Mlbs U₃O₈ and 11.8 Mlbs V₂O₅) and Anna Lake (4.9 Mlbs U₃O₈) deposits, and Paladin Energy’s Michelin deposit (127.7 million lbs U₃O₈) – placing Azincourt at the center of a proven and growing uranium camp.
The Harrier Project, with over a dozen known uranium mineralization zones and surface rock samples grading up to 7.48% U₃O₈ (and >1.0% U₃O₈ in 10 distinct zones), offers a rare combination of grade, scale, and geological continuity. Notably, only 124 drill holes (19,851 metres total, over half of this on the former Snegamook uranium project area) have ever been completed across the combined property, leaving ample opportunity for new discovery with modern methods.
2026 Diamond Drilling Program
The diamond drilling program currently being planned will consist of approximately 2,000 m of drilling in 6-10 drill holes to be completed on the Snegamook uranium deposit. The aim of the program is to establish an initial resource estimate based on this drilling and drill data from historical drilling completed by Silver Spruce Resources.
Drill, camp, and helicopter services have all been contracted and it is anticipated that the program will commence in mid to late August.
In connection with the upcoming field program, the Company has also launched an updated corporate website at www.azincourtenergy.com. The refreshed website is intended to provide investors with improved access to project information, corporate materials, news, and updates as Azincourt advances its uranium exploration strategy in Labrador and Saskatchewan.
Snegamook Deposit
The priority for this summer’s exploration program is diamond drilling at the Snegamook Uranium Deposit. Historical drilling completed in 2007 and 2008 identified uranium mineralization approximately 1.3 kilometres southeast of the Two Time Zone. Seventeen historical drill holes intersected a 20 to 50-metre-wide section of uranium-bearing, brecciated and altered monzodiorite characterized by moderate to strong chlorite, hematite, and carbonate alteration, which is interpreted to represent a geological setting similar to the Two Time Zone. (Figures 3 and 4)
As part of Azincourt’s ongoing review of historical exploration data and available core, check sampling was completed during the summer 2025 prospecting program. A 10 cm check sample collected from drill hole SN-08-06 returned a grade of 2.71% U₃O₈. This sample came from an interval where historical sampling had indicated 0.97% U₃O₈ / 0.5 m. This was the best mineralized interval from the historical drilling on the Snegamook uranium deposit. A 10 cm check sample collected from SN-08-18, which intersected the uranium showing to the southeast of the Snegamook uranium deposit, returned 0.35% U₃O₈. These samples confirm the quality of mineralization within the vicinity of the Snegamook uranium deposit and highlight the potential for higher grade lenses within the deposit itself.
In 2008, a preliminary resource estimate for the Snegamook uranium deposit was prepared by Silver Spruce Resources, however it was never finalized in a report or filed. Work to be conducted as part of the preliminary 2026 drill program will include:
- Rehabilitating and examining historical drill core from the Snegamook Uranium Deposit at the Kanairiktok core storage facility;
- Engaging an independent Qualified Person to examine available core and consult on additional drilling in connection with potential future mineral resource work;
- Twinning selected historical drill holes to confirm mineralization; and
- Completing additional drilling to test the extent of known mineralization.
Diamond drilling, historical core review, and the collection of additional confirmatory data are priorities for Azincourt as the Company evaluates the potential preparation of a maiden NI 43-101 compliant mineral resource estimate for the Snegamook Uranium Deposit.
2026 Summer Prospecting Program
In addition to the planned diamond drilling at Snegamook, Azincourt intends to complete helicopter-supported reconnaissance, prospecting, and ground follow-up across priority areas of the greater Harrier Project. The program will build on the Company’s 2025 field work and will focus on advancing known uranium occurrences and untested radiometric anomalies toward drill-ready status.
Priority areas include the Brook Showing, where 2025 sampling returned 6.28% U₃O₈ and previous sampling returned 4.86% U₃O₈. Follow-up work is expected to include focused ground radiometric surveying, soil sampling, and trenching, where appropriate, to better define the extent of mineralization beneath surrounding cover.
Additional areas of interest include uranium showings in the Boiteau Lake area, boulder and outcrop occurrences in the Anomaly 7 area, and the Minisinakwa claim group, where two boulder samples returned 1.02% and 1.79% U₃O₈ in magnetite-rich metasediment. The source of the mineralized boulders at Minisinakwa remains unknown and will be evaluated as part of future exploration planning.
Figure 1: Azincourt land position overlain on the geology of the Central Mineral Belt, Labrador, Canada
Figure 2: Azincourt’s Harrier Project.
Figure 3: Snegamook and Two-Time Zone mineralization map
