Azincourt-Fission JV Defines Additional Drill Targets at PLN

AZINCOURT URANIUM INC. ("Azincourt" or the "Company") (TSX VENTURE:AAZ), and its
joint venture partner and operator, Fission Uranium Corp. ("Fission") (TSX
VENTURE:FCU), announces an update on its geophysical surveys and drill target
selection at their Patterson Lake North (PLN) property in Canada's Athabasca
Basin. A number of high priority drill targets have now been selected for the
2500m to 3000m winter drill program. Additional geophysical surveys will follow
up results from October's MT survey to define additional targets.


Upcoming Winter 2014 Program Highlights



--  8-10 drill targets to be tested in 2500m to 3000m of drilling. 
--  Radon survey sampling at Hodge Lake in central part of the property;
    additional radon sampling coverage also being considered for southern
    lakes. 
--  3 to 5 regional lines of detailed EM survey will provide further
    resolution of conductors and orient a future summer 2014 resistivity
    survey.  
--  Drill holes to test following areas: 
    --  North-northwest trending central conductive meta-sedimentary belt 
    --  Geophysical anomalies under Hodge Lake 
    --  Prospective north-northwest trending conductor 



Survey/Geophysics Update



--  Further interpretation of VTEM Max Survey: indicates south part of 8km
    trend is possibly U-shaped (fold-nose) conductor.  
--  Preliminary interpretation of MT Survey Line: suggests north part of the
    8 km trend consists of multiple conductors dipping to west; additional
    ground surveys planned.



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

"We look forward to the 2014 drill program as follow up to the successful target
development and prioritization work completed and planned at PLN using
techniques proven effective by Fission at Patterson Lake South. This will
enhance drill target selection for testing this winter and for the future"


North-South Conductive Package

A VTEM Max (versatile time-domain electromagnetic) airborne geophysics survey
completed in August 2013, resulted in the discovery of an 8-km long north-south
trending package of conductive basement rocks (see News Release dated October 8,
2013). A 5-km follow-up Internal Field Gradient Magneto-Tellurics (MT) ground
geophysics survey test line over the northern portion of this package has been
completed by EMPulse Geophysics Inc. at 100m stations. While final inversion
results are pending, the preliminary interpretation suggests that the conductive
package is comprised of a series of parallel west dipping basement EM
conductors. 


The southern part of this trend is interpreted to be a "U-shaped" west dipping
folded feature. 


A series of 3 to 5 regional lines of detailed EM survey are planned for the 2014
Winter program, to provide further resolution of the EM conductors and to orient
a future summer 2014 resistivity survey. It should be noted that many
structurally controlled high-grade uranium occurrences in the Athabasca Basin
are related to hydrothermal alteration systems associated with basement EM
conductors.


Drill Target Selection for Winter Drilling Program

Approximately 8-10 drill targets are planned for testing with the 2500m to 3000m
2014 winter diamond drill program. Drill targets are selected and prioritized
based on the presence of EM basement conductors where a coincident resistivity
low signature has been defined and often near an interpreted cross-cutting
structural feature.


Initial targets will focus on the northwest-southeast (NW-SE) trending A1, A1B
and A3 basement EM conductors located in the west-central area of the property.
In addition drill targets along the B basement EM conductor located in the
central area of the project area will be tested (see Figure 1 Map)
(http://media3.marketwire.com/docs/912099I.pdf). 8 drill targets so far selected
consist of:




--  5 drill holes to test the north-northwest trending central conductive
    meta-sedimentary belt.  
    --  Three high priority drill targets (PLN14-A, B and C) have been
        selected on the NW-SE trending A1 EM conductor. 
    --  One high priority drill target (PLN14-D) has been selected on the
        NW-SE trending A1B conductor in association with an interpreted NE
        trending structure. The A1B conductor is interpreted to be a
        faulted-off segment of the A1 conductor. 
    --  One high priority drill target (PLN14-E) has been selected on the
        NW-SE trending A3 conductor. The hole targets an interpreted cross-
        fault at its southern extent.
--  2 drill holes (PLN14-F and PLN 14-G) will test the geophysical anomalies
    on Grid B under Hodge Lake. The drill holes on this grid test the
    interpreted limbs of a suspected folded graphitic pelitic geological
    unit (interpreted syncline) where they are cross cut by interpreted
    structures with associated alteration. These are both areas where
    historic drilling intersected anomalous basement alteration and
    pathfinder geochemistry. The targeting ground geophysics was completed
    on those grids in 2012. MLTDEM and DC Resistivity was completed on Grid
    B and MLTDEM on Grid G4. 
    --  Radon survey sampling will be carried out over the Grid B on Hodge
        Lake in the central part of the property to further refine drill
        locations.
--  One Drill hole, PLN 14-H will test the prospective north-northwest
    trending conductor that will be defined by the planned ground EM survey
    (20 km grid). 
--  Fission plans to "pre-collar" the drill holes with an RC drill, similar
    to its successful practice at the Patterson Lake South project
    immediately to the south. Core drilling is scheduled to take place in
    January, 2014.



Patterson Lake North (PLN) Property Setting 

PLN lies within a large basin scale north-east NE trending gravity low
structural corridor coincident with the Clearwater Domain (granite and felsic
gneisses) that also incorporates the adjacent PLS property. The former Cluff
Lake uranium mine 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 5.7
km 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.


Patterson Lake North Property 

PLN was acquired by staking in 2004 and became part of the Fission Uranium Corp.
portfolio as part of the Fission Energy/Denison Mines agreement in April 2013.
It comprises approximately 27,000 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 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.


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. 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", 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.
Dwane Brosseau
Investor Relations
604 662 4955
dwane@azincourturanium.com
www.azincourturanium.com
Azincourt Energy (TSXV:AAZ)
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