Azincourt Exercises Year 2 Option with Fission 3.0 at PLN

AZINCOURT URANIUM INC. ("Azincourt" or "the Company") (TSX VENTURE:AAZ), and its
joint venture partner and operator, Fission 3.0 Corp ("Fission 3.0") (TSX
VENTURE:FUU), are pleased to announce that Azincourt has agreed to continue
funding exploration work into Year 2 of its earn-in Option at the PLN project.
Exploration work to re-start well ahead of the June 19 anniversary date.




--  The initial exploration program completed in 2014 was successful at
    proving the prospectivity of the conductive/structural systems that were
    drill tested, as well as identifying the brand new 8.5 km northern
    conductor system target and refining targets throughout the entire
    project area (see Conductor Location Map:
    http://media3.marketwire.com/docs/azincourt_uranium_apr24_fig01.pdf). 
--  $ 3 million is the minimum expenditure commitment for Year 2. 
--  Immediate plans to complete DC Resistivity surveys on the N Conductor
    and Broach Lake Conductor systems with line cutting and grid preparation
    already underway. 
--  Diamond Drill holes planned for Summer/Fall testing as follow-up on the
    A1 and A4 conductors and on any land-based resistivity targets generated
    on the N and Broach Lake conductor systems. 



Ted O'Connor, President and CEO of Azincourt, commented,

"The results from the winter program were very encouraging and have increased
the prospectivity of PLN. The goal of the initial program was to confirm the
geological setting necessary for economic uranium deposit discovery, which the
joint venture achieved. The work planned will start immediately and is intended
to advance all three project areas this summer with a combination of additional
geophysics to refine targets. This will be followed immediately by drilling on
land-based targets with additional drilling this coming winter. We are happy to
be continuing on into Year 2 of our joint venture with the excellent team at
Fission 3.0."


Spring/Summer Geophysical Program Summary

Linecutting and a DC Resistivity geophysical survey is currently underway on the
N conductors and Broach Lake conductors. Patterson Geophysics has been
contracted to complete pole-pole DC Resistivity on a grid covering the 76.5 line
km located over the N Conductor system in the northern PLN project area as well
as pole-dipole DC resistivity on a 34 line km grid located over the Broach Lake
conductor system in southern PLN. Drill targets will be refined by these surveys
for testing this summer/fall and next winter.


Drill Targets

A1 Conductor

The A1 conductor tested by 4 holes in the winter 2014 drill program and found to
be a graphitic pyritic pelitic gneiss. The conductor intersected in PLN 14-10,
the northern-most hole along conductor A1, had the most interesting pathfinder
geochemistry of the holes drilled this winter. Anomalous values of Uranium (2-41
ppm U), Lead (7-89 ppm Pb), Molybdenum (2-125 ppm Mo) Nickel (70-862 ppm Ni),
Cobalt (14-147 ppm Co), Copper (80-1390 ppm Cu) and Boron (10-183 ppm B) were
present over an approximately 65m interval (230m to 295m), the interval that
corresponds to the A1 conductor. These pathfinder elements are known to be
anomalous associated and proximal with high-grade uranium mineralization of the
style in the Athabasca Basin.


An additional hole is planned up dip from hole PLN 14-10 to test this conductor
closer to the unconformity. The pathfinder geochemistry of the drill core also
becomes more elevated towards the northwest, which suggests that is
prospectively also increases towards the northwest. Two drill holes are planned
to test 400m and 800m to the north of PN 14-10 along conductor A1, where the
conductance remains high and the conductor untested.


A4 Conductor

The A4 conductor was defined by a ground TDEM survey carried out in January
2014. A drill hole is planned to test this conductor at a conductive bright spot
near its south end.


N Conductor System

The N conductor in the NE part of the property was identified from a 2013
airborne VTEM survey and subsequently confirmed by a limited ground MT and TDEM
survey. Preliminary interpretation indicates multiple west-dipping conductors.
Drill targets will be refined by the current DC resistivity survey and EM
surveys where necessary.


Broach Lake Conductors

Two prospective conductors were identified at Broach Lake from moving loop TDEM
surveys carried out in February and March 2014. Drill targets will be refined by
the contemplated resistivity survey and EM surveys where necessary.


Upon completion, all drill holes are radiometrically surveyed using a Mount
Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements
in high grade mineralized zones.


Drill core samples are submitted for trace element lithogeochemical analysis to
look for pathfinder element enrichment signatures indicative of alteration
associated with uranium mineralizing processes. Samples have been submitted to
SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility)
of Saskatoon. All samples sent for analysis will include a 63 element ICP-OES,
uranium by fluorimetry and boron.


Patterson Lake North Property

The Patterson Lake North property (PLN) lies adjacent and to the north of the
Patterson Lake South property, owned by Fission Uranium Corp. (TSX VENTURE:FCU)
where recent drill results have identified high grade uranium in 6 separate
pods. (See Fission Uranium news release November 27, 2013.)


PLN was acquired by staking in 2004 and became part of the Fission 3.0 portfolio
as part of the Fission Uranium/Alpha Minerals agreement from December 2013. It
comprises 27,408 Ha, and is located about 30 km immediately south of the
UEX/AREVA Anne and Collette uranium deposits at Shea Creek.


PLN is prospective for hosting structurally controlled high-grade unconformity
uranium mineralization that is often associated with basement graphitic shear
zones within clay altered metasedimentary basement lithologies. These features
have unique characteristics that can be identified by geophysical surveys.


Azincourt has a staged, four year option agreement with Fission 3.0 dated April
29, 2013 whereby Azincourt can earn up to a 50% interest in the PLN project
through a combination of option payments and exploration work funding.
Approximately $4.7 million has been spent on prior exploration of the property
by Fission Uranium. Azincourt has completed Year 1 funding of the option ahead
of the June 19, 2014 anniversary date. Fission 3.0 is the operator and project
manager.


Qualified Person

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed on behalf of the company by Ted O'Connor, P.Geo. President and CEO
of Azincourt Uranium Corp., a qualified person.


About Azincourt Uranium Inc.

Azincourt Uranium Inc. is a Canadian based resource company specializing in the
strategic acquisition, exploration and development of uranium properties and is
headquartered in Vancouver, British Columbia. Azincourt has advanced exploration
projects and uranium resources in southeastern Peru and the PLN exploration
project joint venture with Fission 3.0 in northern Saskatchewan.


ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.

Ted O'Connor, CEO and President

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.


This press release includes "forward-looking statements", including forecasts,
estimates, expectations and objectives for future operations that are subject to
a number of assumptions, risks and uncertainties, many of which are beyond the
control of Azincourt. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may
differ materially from those projected in the forward-looking statements. Such
forward-looking information represents management's best judgment based on
information currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Azincourt Uranium Inc.
Mario Vetro
Corporate Development and Investor Relations
604 662 4955
mario@azincourturanium.com
www.azincourturanium.com
Azincourt Energy (TSXV:AAZ)
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