Mr. Mark Fields reports

REFINED ENERGY CORP FILES 43-101 REPORT, DRILL PROGRAM RECOMMENDED

Refined Energy Corp. has filed a National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, technical report for the Dufferin project in the Athabasca basin. A drill program consisting of a minimum of four holes and 1,250 metres is recommended for the Dufferin West targets at a budget of $2,062,500. The technical report is available under the company's SEDAR+ profile.

The highest-priority target area is represented by a conductor associated with the interpreted trace of the Virgin River shear zone. It is a strong conductor associated with a distinct magnetic transition. This conductor is interpreted to extend from the unconformity at the sandstone contact well into the underlying basement rocks. The second conductor is also interpreted to extend from the unconformity to a lesser distance into the underlying basement rocks. Neither target has ever been drill tested and the depth of sandstone cover above the unconformity is estimated to be relatively shallow at less than 200 metres. Uranium deposits in the Athabasca basin are often located at or underneath the unconformity contact between the overlying sandstone and the basement rocks.

Mark Fields, chief executive officer of the company, stated: "It is exciting to be planning an initial drill program for Refined Energy in the Athabasca basin, renowned for its history of exploration, discovery and development of high-value uranium mines. The Dufferin project is located in proximity to NE-SW-trending faults which are known to host uranium mineralization. An example approximately 18 km northeast of Dufferin West on the same Virgin River shear zone as Cameco's Centennial deposit where historic drill hole VR-031W3 intersected 8.78 per cent U3O8 over 33.9 metres (SMAF 74G12-0061). Our work is focused on the discovery of potential high-grade deposits that characterize the Athabasca basin."

Qualified person

C.C. (Chuck) Downie, PGeo, a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.

About Refined Energy Corp.

Refined Energy is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. The Dufferin project in the Athabasca basin is the flagship project of Refined and a drill program is planned for 2025. Refined also has an option to earn up to a 100-per-cent interest in the Basin and Milner uranium properties in Saskatchewan. The company continues to review other mineral properties in North America for possible acquisition in the future.

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