File: '\\swfile\EmailIn\20260508 143652 Attachment Anfield Energy Inc. - News Release - BRS Acquisition Closing - FINAL.docx'

www.anfieldenergy.com

Office: 604-669-5762

Fax: 604-608-4804

TSX.V : AEC

NASDAQ : AEC

Frankfurt : 0AD

Head Office:

4390 Grange Street, Suite 2005,

Burnaby, B.C. V5H 1P6

ENERGY INC.

ANFIELD

Anfield Energy Closes Acquisition of BRS Inc.

VANCOUVER, British Columbia - GLOBE NEWSWIRE - May 8, 2026 - Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) ("Anfield" or the "Company") is pleased to announce that it has closed its previously announced acquisition of BRS Inc. ("BRS") (see news release dated December 18, 2025), a leading uranium-focused engineering and geology consulting firm based in Wyoming, through a definitive stock purchase agreement, as amended, with Douglas L. Beahm, P.E., P.G., the Chief Operating Officer of the Company (the "Acquisition"). The Acquisition integrates BRS's renowned expertise directly into Anfield, significantly enhancing the Company's technical capabilities as it advances toward near-term uranium and vanadium production.

BRS, founded and led by Douglas L. Beahm, a qualified person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") with over 50 years of experience in uranium exploration, mine development, ISR operations, and resource estimation - has been a key engineering partner to Anfield since 2014. BRS has authored numerous technical reports, preliminary economic assessments ("PEAs"), and resource updates for Anfield's assets, including the Slick Rock project, the West Slope projects, the Velvet-Wood mine, and others. The Acquisition brings Mr. Beahm and the BRS team in-house, with Mr. Beahm firmly committed to serving the Company in the Chief Operating Officer role while continuing to serve as principal engineer.

In consideration for the Acquisition of BRS, the Company is required to complete a series of cash payments to Mr. Beahm totaling US$5,000,000. In connection with closing, the Company paid Mr. Beahm US$1,500,000, with a further US$1,500,000 payable on the first anniversary of closing and a further US$2,000,000 on the second anniversary of closing.

No securities of the Company were issued in connection with closing of the Acquisition, nor were any finders' fee paid to any third-party.

As Mr. Beahm is an officer of the Company, and a "non-arms length party", within the meaning of the policies of the TSX Venture Exchange (the "TSXV"), the Acquisition constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Acquisition is exempt from the valuation requirement and the minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of the Acquisition, and the consideration being offered by the Company, does not exceed twenty-five percent of the Company's market capitalization.

About Anfield

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 (AEC-Q), the TSXV (AEC-V) and the Frankfurt Stock Exchange (0AD).

On behalf of the Board of Directors

ANFIELD ENERGY INC.

Corey Dias, Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Anfield Energy, Inc.

Corporate Communications

604-669-5762

contact@anfieldenergy.com

www.anfieldenergy.com

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements in this release include, but are not limited to, statements regarding the Acquisition, including, without limitation, the anticipated benefits therefrom and the integration of BRS into Anfield's operations; and the completion of cash payments in consideration for the Acquisition. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: risks that the Company may not be able to realize the benefits from the acquisition of BRS as contemplated, or at all; risks that the Company may not be able to complete all payments in consideration for the Acquisition; the risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations in Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties and other such factors as are set forth in the annual information form for the Company's most recently completed year end, as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward looking statement, whether as a result of new information, future events or otherwise.

File: '\\swfile\EmailIn\20260508 143654 Attachment 5-8-2026 AEC NR - BRS Acquisition Closing.docx'

www.anfieldenergy.com

Office: 604-669-5762

Fax: 604-608-4804

TSX.V : AEC

NASDAQ : AEC

Frankfurt : 0AD

Head Office:

4390 Grange Street, Suite 2005,

Burnaby, B.C. V5H 1P6

ENERGY INC.

ANFIELD

Anfield Energy Closes Acquisition of BRS Inc.,

Bolstering In-House Technical Expertise for Uranium and Vanadium Projects

VANCOUVER, British Columbia - GLOBE NEWSWIRE - May 8, 2026 - Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) ("Anfield" or the "Company") is pleased to announce that it has closed its previously announced acquisition of BRS Inc. ("BRS") (see news release dated December 18, 2025), a leading uranium-focused engineering and geology consulting firm based in Wyoming, through a definitive stock purchase agreement, as amended, with Douglas L. Beahm, P.E., P.G., the Chief Operating Officer of the Company (the "Acquisition"). The Acquisition integrates BRS's renowned expertise directly into Anfield, significantly enhancing the Company's technical capabilities as it advances toward near-term uranium and vanadium production.

BRS, founded and led by Douglas L. Beahm, a qualified person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") with over 50 years of experience in uranium exploration, mine development, ISR operations, and resource estimation - has been a key engineering partner to Anfield since 2014. BRS has authored numerous technical reports, preliminary economic assessments ("PEAs"), and resource updates for Anfield's assets, including the Slick Rock project, the West Slope projects, the Velvet-Wood mine, and others. The Acquisition brings Mr. Beahm and the BRS team in-house, with Mr. Beahm firmly committed to serving the Company in the Chief Operating Officer role while continuing to serve as principal engineer.

In consideration for the Acquisition of BRS, the Company is required to complete a series of cash payments to Mr. Beahm totaling US$5,000,000. In connection with closing, the Company paid Mr. Beahm US$1,500,000, with a further US$1,500,000 payable on the first anniversary of closing and a further US$2,000,000 on the second anniversary of closing.

No securities of the Company were issued in connection with closing of the Acquisition, nor were any finders' fee paid to any third-party.

As Mr. Beahm is an officer of the Company, and a "non-arms length party", within the meaning of the policies of the TSX Venture Exchange (the "TSXV"), the Acquisition constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Acquisition is exempt from the valuation requirement and the minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of the Acquisition, and the consideration being offered by the Company, does not exceed twenty-five percent of the Company's market capitalization.

About Anfield

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 (AEC-Q), the TSXV (AEC-V) and the Frankfurt Stock Exchange (0AD).

On behalf of the Board of Directors

ANFIELD ENERGY INC.

Corey Dias, Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Anfield Energy, Inc.

Corporate Communications

604-669-5762

contact@anfieldenergy.com

www.anfieldenergy.com

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements in this release include, but are not limited to, statements regarding the Acquisition, including, without limitation, the anticipated benefits therefrom and the integration of BRS into Anfield's operations; and the completion of cash payments in consideration for the Acquisition. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: risks that the Company may not be able to realize the benefits from the acquisition of BRS as contemplated, or at all; risks that the Company may not be able to complete all payments in consideration for the Acquisition; the risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations in Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties and other such factors as are set forth in the annual information form for the Company's most recently completed year end, as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward looking statement, whether as a result of new information, future events or otherwise.

File: Attachment 5-8-2026 AEC NR - BRS Acquisition Closing.pdf

Head Office: www.anfieldenergy.com 4390 Grange Street, Office: 604-669-5762 Suite 2005, Burnaby, B.C. V5H 1P6 Fax: 604-608-4804

ANFIELD TSX.V : AEC NASDAQ : AEC ENERGY INC. Frankfurt : 0AD

Anfield Energy Closes Acquisition of BRS Inc., Bolstering In-House Technical Expertise for Uranium and Vanadium Projects

VANCOUVER, British Columbia GLOBE NEWSWIRE May 8, 2026 -- Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) ("Anfield" or the "Company") is pleased to announce that it has closed its previously announced acquisition of BRS Inc. ("BRS") (see news release dated December 18, 2025), a leading uranium-focused engineering and geology consulting firm based in Wyoming, through a definitive stock purchase agreement, as amended, with Douglas L. Beahm, P.E., P.G., the Chief Operating Officer of the Company (the "Acquisition"). The Acquisition integrates BRS's renowned expertise directly into Anfield, significantly enhancing the Company's technical capabilities as it advances toward near-term uranium and vanadium production.

BRS, founded and led by Douglas L. Beahm, a qualified person under National Instrument 43- 101 Standards of Disclosure for Mineral Projects ("NI 43-101") with over 50 years of experience in uranium exploration, mine development, ISR operations, and resource estimation has been a key engineering partner to Anfield since 2014. BRS has authored numerous technical reports, preliminary economic assessments ("PEAs"), and resource updates for Anfield's assets, including the Slick Rock project, the West Slope projects, the Velvet-Wood mine, and others. The Acquisition brings Mr. Beahm and the BRS team in-house, with Mr. Beahm firmly committed to serving the Company in the Chief Operating Officer role while continuing to serve as principal engineer.

In consideration for the Acquisition of BRS, the Company is required to complete a series of cash payments to Mr. Beahm totaling US$5,000,000. In connection with closing, the Company paid Mr. Beahm US$1,500,000, with a further US$1,500,000 payable on the first anniversary of closing and a further US$2,000,000 on the second anniversary of closing.

No securities of the Company were issued in connection with closing of the Acquisition, nor were any finders' fee paid to any third-party.

As Mr. Beahm is an officer of the Company, and a "non-arms length party", within the meaning of the policies of the TSX Venture Exchange (the "TSXV"), the Acquisition constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Acquisition is exempt from the valuation requirement and the minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of the Acquisition, and the consideration being offered by the Company, does not exceed twenty-five percent of the Company's market capitalization. About Anfield

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 (AEC-Q), the TSXV (AEC-V) and the Frankfurt Stock Exchange (0AD).

On behalf of the Board of Directors ANFIELD ENERGY INC. Corey Dias, Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Anfield Energy, Inc. Corporate Communications 604-669-5762 contact@anfieldenergy.com www.anfieldenergy.com

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements in this release include, but are not limited to, statements regarding the Acquisition, including, without limitation, the anticipated benefits therefrom and the integration of BRS into Anfield's operations; and the completion of cash payments in consideration for the Acquisition. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: risks that the Company may not be able to realize the benefits from the acquisition of BRS as contemplated, or at all; risks that the Company may not be able to complete all payments in consideration for the Acquisition; the risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations in Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties and other such factors as are set forth in the annual information form for the Company's most recently completed year end, as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward looking statement, whether as a result of new information, future events or otherwise.