Mr. Corey Dias reports

ANFIELD APPOINTS ROSS MCELROY TO BOARD OF DIRECTORS AND ANNOUNCES RESULTS OF SPECIAL SHAREHOLDER MEETING

Anfield Energy Inc. has appointed Ross McElroy to its board of directors. Mr. McElroy is a professional geologist bringing more than 38 years of mining industry experience both in operation and corporate capacities, involved with major, mid-tier and junior mining and exploration companies. As a very successful exploration geologist, he has been a key member in the discoveries of numerous world-class uranium and gold orebodies, several of which have been advanced to development and mining operations.

Mr. McElroy specializes in the exploration and development phases of projects and sits on various public and private boards. For the past 15 years, he has served on the boards of several publicly listed and private companies, both as an independent director and an executive director. His most recent executive role was as president and chief executive officer of Fission Uranium Corp., a company of which he was a co-founder and where, under his leadership as chief executive officer, the company eliminated its debt and raised approximately $200-million in equity finance and where he ultimately navigated the $1.14-billion sale of Fission Uranium to Paladin Energy in December, 2024.

Amongst the many acknowledgments for his contribution toward success, he was awarded the Northern Miner Mining Person of the Year (2013) and the prestigious PDAC (Prospectors & Developers Association of Canada) Bill Dennis Award (2014); he was a finalist in the E&Y Entrepreneur of the Year (2014); and he was the Mining Journal Outstanding Achievement Award winner for Exploration of the Year. Mr. McElroy holds a bachelor's degree in science, with a specialization in geology, from the University of Alberta and is a registered professional geologist in Saskatchewan, British Columbia, Nunavut and the Northwest Territories.

Mr. McElroy was appointed following the recent death of company director Eugene Spiering. The company and the board of directors extends their condolences to the family, friends and colleagues of Mr. Spiering.

Results of special shareholder meeting

The company also announces that shareholder approval was received for a consolidation of the company's common shares on the basis of one new common share for up to 200 currently issued and outstanding common shares, or such lesser ratio as the directors may deem appropriate. Approval was received at a special meeting of shareholders held on March 31, 2025, with 97.9 per cent of votes received in favour of the resolution.

For further information concerning the meeting and the consolidation, readers are encouraged to review the management information circular prepared by the company for the meeting. A copy of the circular is available for review under the profile for the company on SEDAR+ and on the corporate website.

The consolidation is being pursued as a necessary step to qualify for the listing of Anfield's shares on The Nasdaq Stock Market LLC. Readers are cautioned that while the company intends to pursue a listing on Nasdaq at this time, it has not yet submitted an application for listing, and completion of a listing is subject to regulatory approvals and the satisfaction of applicable listing requirements. There can be no assurance that a listing will be completed, and the company may elect not to proceed with a listing at any time. In the event a listing is completed, it is expected that the common shares of the company will continue to trade in Canada on the TSX Venture Exchange.

Completion of the consolidation remains subject to the board of directors determining a final ratio, the satisfaction of applicable public distribution requirements and the approval of the TSX-V. Completion of the consolidation is not contingent upon completion of a listing on Nasdaq, and the company may elect to complete the consolidation in advance of any listing. The name of the company and its existing ticker symbol will remain unchanged in connection with the consolidation.

About Anfield Energy Inc.

Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the TSX-V (under the symbol AEC), the OTCQB marketplace (under the symbol ANLDF) and the Frankfurt Stock Exchange (under the symbol 0AD).

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