Azincourt Completes Non-Brokered 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) is
pleased to announce that it has completed a non-brokered private placement of
5,427,103 units of the Company at a price of $0.27 per unit for gross proceeds
of $1,465,317.81 (the "Offering").


Each unit consists of one common share and one-half of one common share purchase
warrant (each whole common share purchase warrant, a "Warrant"). Each whole
Warrant entitles the holder to purchase one additional common share at a price
of C$0.40 per common share until December 19, 2014 (the "Expiry Date") subject
to the Company's right to accelerate the exercise of the Warrants if the volume
weighted average closing price of the common shares of the Company on the TSX
Venture Exchange is equal to or exceeds C$0.60 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.


All securities issued or issuable under the Offering are subject to a four-month
hold period in accordance with applicable Canadian securities laws that expires
on April 20, 2014.


In connection with the Offering, Azincourt paid cash commissions to eligible
finders, totalling C$93,008.63.


The net proceeds of the Offering 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.


Closing of this Offering has received final acceptance by the TSX Venture Exchange.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Azincourt Uranium Inc.
Dwane Brosseau
Investor Relations
604 662 4955
[e-mail]
www.azincourturanium.com