Azincourt Files Technical Report for Macusani and Munani Projects, Peru

AZINCOURT URANIUM INC. ("Azincourt" or "the Company") (TSX VENTURE:AAZ), is
pleased to announce the filing of an updated NI 43-101 report for the Company's
advanced exploration projects in Peru, owned by its wholly-owned Peruvian
subsidiary Minergia SAC. The report was prepared for purposes of complying with
the disclosure requirements of NI 43-101, but does not contain any new material
information concerning the Company's Peruvian properties that has not been
previously disclosed.


The report dated May 14, 2014 entitled: "Updated Technical Report of the
Macusani and Munani Uranium Exploration Projects, Department of Puno, Peru" was
completed by William R. Henkle Jr of Henkle and Associates and has been filed
under Azincourt's corporate profile on SEDAR (www.sedar.com). The technical
report restates the updated resource estimate completed in 2011 on the Macusani
projects and provides an evaluation of the Munani project with proposed
exploration work for both project areas to advance these prospective projects.
Work planned for the advanced Macusani projects aims to enhance the quality of
the resource and expand the deposit' footprints, while work proposed at Munani
will assess the prospectivity of this green-field exploration project through
initial drill testing.


Azincourt acquired Minergia SAC from Vena Resources Inc. and Cameco Corporation
in November 2013 (see News Release dated November 22, 2013). Exploration work on
the Macusani concessions is expected to be restarted in 2014.


Azincourt and Macusani Yellowcake Inc. signed a non-binding letter of intent in
April 2014 which contemplates that Macusani Yellowcake will acquire all of
Azincourt's uranium properties in Peru by the purchase of held in Minergia in
exchange for Macusani Yellowcake common shares and joint Azincourt and Macusani
Yellowcake management and board involvement (see News Release dated April 17,
2014). Due diligence is currently on-going.


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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Azincourt Uranium Inc.
Mario Vetro
Corporate Development and Investor Relations
Direct: 604 662 4955
[e-mail]
www.azincourturanium.com