AAZ Azincourt Energy Corp

Azincourt Resources Inc. (TSX VENTURE:AAZ) (the "Company" or "Azincourt")
announces that further to its news releases dated April 30, 2013 and May 15,
2013, the Company has now received TSX Venture Exchange ("Exchange") approval
to:




--  its option agreement with Fission Uranium Corp. ("FCU") dated April 29,
    2013 whereby Azincourt can earn up to a 50% interest in FCU's Patterson
    Lake North project ("PLN"); 
--  the technical report dated May 5, 2013 prepared by Allan Armitage,
    Ph.D., P.Geol. of GeoVector Management Inc. for the PLN project (which
    has been filed on SEDAR); 
--  a part-and-parcel private placement (more fully described below) whereby
    the Company raised $1,500,000 to be used to complete its first year work
    expenditures on the PLN project; and
--  a finder's fee agreement dated April 29, 2013 whereby the Company has
    agreed to pay Pure Capital Holdings Inc. a fee in stages as it acquires
    incremental interests in the PLN project over time. In year one, the fee
    will be $136,250 payable following the Azincourt spending $2,000,000 to
    acquire the first 10% interest in the PLN project, payable by the
    issuance of 908,333 common shares of the Company, at a deemed price of
    $0.15 per share;



The PLN project is comprised of 10 contiguous claims totalling 27,408 hectares
in the southwest portion of the Athabasca Basin, Saskatchewan. The Athabasca
Basin is a premiere geologic district notable for hosting the world's richest
uranium deposits, with a well established and politically stable, uranium
exploration and mining sector. Recent discoveries of high-grade uranium in the
southwestern region of the Athabasca Basin are considered by Azincourt to
indicate the prospective merit of this under-explored area. 


The Company has the right to acquire incremental interests in the PLN by making
annual payments to FCU and incurring minimum work expenditures on the PLN
project. To acquire the first 10% interest, the Company must pay FCU $500,000
($100,000 paid to date and the balance to be paid on closing) and incur
$1,500,000 of work on the PLN project.


PLN lies adjacent to the north of Fission's Patterson Lake South (PLS) joint
venture property (Fission 50%, Alpha Minerals 50%), where recent drill results
located 5.7km to the south, have identified high grade uranium in bedrock in 3
separate pods and have included a drill hole intersection of 6m at 35.0% U3O8 in
49.5M at 6.26% U3O8 (PLS 13-053) (see Fission Energy Corp. news release dated
April 24, 2013). 


PLN lies within a large basin scale NE trending gravity low structural corridor
that also incorporates the adjacent PLS property. The former Cluff Lake mine
(greater than 60M lbs U3O8 produced) and the UEX-Areva Shea Creek deposits (42
km and 27 km to the north respectively) lie along the western margin of this
structural feature. The recently discovered high-grade uranium mineralization
found at PLS located 5.7km to the south, also lies within this structural
corridor. Coincidentally, PLN also lies within a complex magnetic corridor
showing magnetic highs and lows and breaks in regional major features. Several
EM anomalies are evident within PLN, including what may be interpreted to be the
southern extension of the Saskatoon Lake EM conductor, which itself is
associated with the Shea Creek deposit to the north.


To date Fission has spent approx. $4.7M on exploration on PLN ranging from
airborne to ground geophysics to a first-pass drilling of a few select targets.
Portions of PLN are currently drill-ready and other areas require further ground
geophysical surveys and interpretation to bring them up to drill ready stage.


The $1.5 million budgeted work program for year 1 will consist of approx. 2500m
of diamond drilling in addition to select areas of airborne EM geophysical
survey coverage. It is anticipated that radon and helium surveys designed to
assist in the detection of subsurface uranium occurrences will be conducted in
certain areas to assist in developing high priority drill targets.


PRIVATE PLACEMENT

The Company announces that it has closed its private placement and issued an
aggregate of 10,000,000 common shares (the "Shares") at $0.15 per share for
gross proceeds of $1,500,000. The Shares are subject to a four-month hold period
expiring October 19, 2013. The proceeds of the private placement will be used by
the Company to fund its first year work expenditures on its PLN project. 


The Company has agreed to pay finders fees in cash aggregating $83,650 in
connection with the private placement.


GRANT OF STOCK OPTIONS

The Company confirms its previously announced grant of 1,750,000 incentive stock
options to directors and officers of the Company. Each option is exercisable to
purchase one common share of the Company at a price of $0.18 for a period of
five years from the date of grant, in accordance with the Company's stock option
plan.


BOARD AND OFFICER CHANGES

Further to the Company's news release of May 15, 2013: (i) each of Darren Devine
and Latika Prasad have resigned as directors of the Company; (ii) each of Ian
Stalker, Terrence (Ted) K. O'Connor and Dev Randhawa have been appointed as
directors of the Company; (iii) Ian Stalker will not be acting as President but
will remain Chairman; (iv) Ted O'Connor has assumed the positions of CEO and
President; and (v) Latika Prasad has resigned as CFO and Vivien Chuang has been
appointed as CFO in her place. 


NAME CHANGE

The Company has made application to the TSX Venture Exchange to change its name
to Azincourt Uranium Inc. to more clearly reflect its new business and
commitment to developing the PLN project. The Company's ticker symbol remains
TSXV:AAZ.


QUALIFIED PERSON

Paul Reynolds P.Geo., a director of Azincourt, is the qualified person who has
reviewed the geological data summarized in this news release on behalf of
Azincourt. 


ON BEHALF OF THE BOARD OF AZINCOURT RESOURCES INC.

Ted O'Connor, CEO and President

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. Statements regarding the exercise of the option are
subject to all of the risks and uncertainties normally incident with the raising
of capital and completing corporate transactions including, but are not limited
to, financing risks, property title issues and regulatory approvals. There is no
assurance the Company will be able to acquire any interest in the PLN. 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 Resources Inc.
(604) 638-8067
(604) 648-8105 (FAX)

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