Mr. Corey Dias reports

ANFIELD ENERGY INC. SUBMITS NOTICE OF INTENT FOR UNDERGROUND DRILLING PROGRAM AT SM-18 URANIUM-VANADIUM PROJECT IN COLORADO, ADVANCING FOURTH MINE IN HUB-AND-SPOKE STRATEGY

Anfield Energy Inc. has submitted a notice of intent to the relevant regulatory authorities in preparation for an underground drilling program at its SM-18 uranium-vanadium project in Colorado.

The planned underground drilling program is designed to verify and potentially expand existing mineral resources at SM-18. In parallel, the company will use the drilling campaign as an opportunity to advance the preparation of a comprehensive plan of operations, targeted for completion later this year. This work supports the longer-term development of SM-18 as a producing mine.

The company notes that the underground workings at SM-18 remain in good condition, with the overall mine area benefiting from well-preserved historic infrastructure that will facilitate efficient access and drilling activities. Upon successful advancement, SM-18 is expected to become Anfield's fourth mine, joining the company's Slick Rock and JD-8 projects in Colorado and the Velvet-Wood project in Utah. Each of these four mines -- Velvet-Wood, Slick Rock, JD-8 and SM-18 -- will become flagships for Anfield within their respective mine complexes. This progression aligns with Anfield's hub and spoke production model, which leverages the company's 100-per-cent-owned Shootaring Canyon mill in Utah -- one of only three licensed and permitted conventional uranium mills in the United States.

The company is also advancing plans to expand the Shootaring Canyon mill's capacity to 1,000 tons per day with a licensed annual production capacity of three million pounds of U3O8 (triuranium octoxide). This upgrade, part of the mill reactivation process currently under review by the Utah Department of Environmental Quality (UDEQ), will significantly enhance the Shootaring Canyon mill's ability to process feed from multiple mines efficiently, supporting scaled production of both uranium and vanadium.

Corey Dias, chief executive officer of Anfield, commented: "Submitting the NOI for SM-18 marks a meaningful milestone as we build out our production pipeline across the Uravan mineral belt. This underground drilling will help to both confirm and, potentially, increase resources at the project, while the associated plan of operations work sets the stage for SM-18 to become a key producing asset. The underground workings are in good condition and the mine area as a whole is well preserved, allowing us to move forward efficiently. Together with Velvet-Wood, Slick Rock and JD-8, these flagship mines will anchor their respective complexes and feed into our centralized processing strategy.

"Our brownfield development strategy has positioned Anfield to become a fast-growing U.S. uranium company, with a target of opening two mines per year from our rich portfolio of holdings within two of the most prolific U.S. uranium mining districts -- Lisbon Valley in southeastern Utah and the Uravan mineral belt in southwestern Colorado. In addition, we have continued to acquire all of the necessary mining equipment to operate each of the four mines to be brought into production. At the same time, expanding the Shootaring Canyon mill from 750 tonnes per day to 1,000 tonnes per day of throughput capacity and three million pounds of licensed annual production capacity will give us the scale needed to capitalize on today's strong uranium market and assist in addressing America's burgeoning energy needs and strategic requirements.

"We are proud to have successfully brought on experienced local talent and plan to manage development and mining operations across all of our owned mines using our in-house team. We firmly believe this approach will help revitalize the rural communities in the western U.S. that once prospered during the earlier days of uranium development and which are very supportive of the company's plans. Finally, given the U.S. government's commitment to the advancement of domestic uranium production means that Anfield is well positioned to benefit from initiatives which will facilitate the company's expected uranium production."

The SM-18 project is part of Anfield's broader West Slope and regional portfolio in Colorado, which benefits from historical production data and proximity to existing infrastructure. All of Anfield's conventional uranium assets are located within a 200-mile radius of the Shootaring Canyon mill, enhancing logistical and economic synergies.

Douglas L. Beahm, PE, PG, is the company's qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed, verified and approved the scientific and technical information contained in this news release. No limitations or failures to verify were identified. Mr. Beahm is not independent of the company as he is the company's chief operating officer.

About Anfield Energy Inc.

Anfield is a uranium and vanadium development 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 Nasdaq Stock Market (symbol: AEC-Q), the TSX Venture Exchange (symbol: AEC) and the Frankfurt Stock Exchange (symbol: 0AD).

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