AAZ Azincourt Energy Corp

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


AZINCOURT URANIUM INC. ("Azincourt" or "the Company") (TSX VENTURE:AAZ) a
Saskatoon based uranium exploration company, announces that it intends to
undertake a non-brokered private placement to raise aggregate gross proceeds of
up to $1,500,000. The financing will be effected through the sale of up to
5,555,555 units (the "Units) at a price of $0.27 per Unit.


Each Unit will consist of one common share and one-half of one common share
purchase warrant (each whole common share purchase warrant, a "Warrant"). Each
whole Warrant will entitle the holder to purchase one additional common share
for a period of one (1) year at a price of C$0.40 per common share, subject to
the Company's right to accelerate the exercise of the Warrants if the volume
weighted average price of the common shares of the Company on the TSX Venture
Exchange exceeds C$0.60 per common share for a period of ten (10) consecutive
trading days between the date that is between 4 months and 1 day following the
issuance of the Warrants and the expiry date of the Warrants.


The net proceeds of the private placement will be used to advance the Company's
projects in Canada and Peru, subject to the closing of the acquisition of
Minergia SAC, and for general working capital purposes.


The Company expects to pay finders' fees in connection with the offering, in
accordance with TSX Venture Exchange policies.


Closing of the private placement is subject to receipt of TSX Venture Exchange
approval.


About Azincourt Uranium Inc. 

Azincourt Uranium Inc. is a Canadian based resource company specializing in the
strategic acquisition, exploration and development of uranium properties, with
offices in in Vancouver, British Columbia and Saskatoon, Saskatchewan. Its
common shares are listed on the TSX Venture Exchange under the symbol "AAZ".


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" 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.
Specifically, there is no assurance the Company will be able to complete the
private placement on the terms set forth above, or at all. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Azincourt Uranium Inc.
Dwane Brosseau
Investor Relations
Direct: 604 662 4955
dwane@azincourturanium.com
www.azincourturanium.com

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