Azincourt Uranium Inc. to Undertake $2,750,000 Private Placement

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

SASKATOON, SASKATCHEWAN -- (Marketwired - March 13, 2014) - Azincourt Uranium Inc. ("Azincourt" or "the Company") (TSX VENTURE:AAZ), announces that it intends to undertake a brokered private placement (the "Offering") with a syndicate of agents led by Secutor Capital Management (collectively, the "Agents") to raise aggregate gross proceeds of up to $2,750,000 on a best efforts basis. The Offering will consist of the issuance of up to 5,833,333 flow-through shares at a price of C$0.30 per flow-through share ($1,750,000) and up to 3,703,703 units (the "Units") at a price of C$0.27 per unit ($1,000,000).

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 eighteen (18) months at a price of C$0.40 per common share.

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

The Company has granted the Agents an option to sell a number of additional Units equal to 20% of the number of Units sold under the Offering and a number of additional Flow-Through Shares equal to 20% of the number of Flow-Through Shares sold under the Offering, on the same terms as set forth above solely to cover over-allotments, if any.

In connection with the Offering, subject to Exchange approval, the Company will pay to the Agents a cash fee equal to 8% of the gross proceeds raised under the Offering, and will issue non-transferable warrants (the "Broker's Warrants") equal to 8% of the total number of the Flow-Through Shares and Units sold under the Offering. Each Broker's Warrant will entitle the holder to purchase one common share of the Company at a price of C$0.30 for a period of 18 months following closing date.

Closing of the Offering is expected on or about March 28, 2014, and is subject to receipt of TSX Venture Exchange acceptance.


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



Contact

Azincourt Uranium Inc.
Mario Vetro, Corporate Development and Investor Relations
Direct: 604 662 4955
mario@azincourturanium.com
www.azincourturanium.com