Azincourt Undertakes Flow Through Private Placement

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)
announces that it intends to undertake a non-brokered private placement to raise
aggregate gross proceeds of up to $1,042,010. The financing will be effected
through the sale of up to 3,473,366 flow through shares at a price of $0.30 per
flow through share.


The net proceeds of the private placement will be used to advance the Company's
Patterson Lake North property in Canada's Athabasca Basin.


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
604 662 4955
dwane@azincourturanium.com
www.azincourturanium.com

Azincourt Energy (TSXV:AAZ)
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