Mr. Mark Fields of Refined Energy reports

REFINED ENERGY ANNOUNCES FINAL RESULTS FOR WINTER 2026 DRILL PROGRAM AT DUFFERIN WEST

Refined Energy Corp. has received final analytical results for its maiden winter 2026 drill program at Eagle Plains Resources Ltd. 100-per-cent-owned Dufferin West property, located in Saskatchewan's Athabasca basin uranium district. Refined holds the exclusive option to acquire up to a 75-per-cent interest in the project.

The Dufferin project consists of 10,140 hectares and comprises the North and West Dufferin. The 2026 drill program tested targets identified through the interpretation of electromagnetic, gravity and magnetic geophysical surveys.

The 2026 drilling tested targets identified through interpretation of electromagnetic, gravity and magnetic geophysical surveys. A total of 975 metres of drilling in three holes was completed. Drill holes DW26-001 and DW26-003 successfully intersected the Athabasca unconformity, with DW26-002 terminated prior to reaching target depth. The program was completed on budget for approximately $1.7-million and was managed by TerraLogic Exploration Inc., of Cranbrook, B.C.

A total of 87 samples from DW26-001 and DW26-003 were submitted to ALS Canada Ltd. for geochemical analyses. Ten samples returned weakly anomalous uranium values, with the highest assay returning five parts per million (ppm) uranium from DW26-001, immediately below the unconformity.

A detailed review of the geochemical results (incorporating U/Th (uranium/thorium) and Pb (lead) isotope ratios and alteration indicator elements, including boron) identified 10 anomalous sample intervals, including uranium enrichment relative to thorium immediately below the unconformity.

The results provide additional geological and geochemical information that will assist in the company's continuing evaluation of the Dufferin West property.

Mark Fields, chief executive officer of Refined Energy, commented:

"The winter 2026 program successfully completed the company's planned drill testing and generated additional geological and geochemical information for the Dufferin West property. We appreciate the efforts of the field crews, contractors and technical personnel involved in the program."

Highlights:

• Drill hole DW26-001 intersected the targeted graphitic conductor at 381 metres with associated brecciation (unconformity depth of 332 metres);
• Drill hole DW26-003 reached the unconformity at 312 metres and intersected two brecciated fault zones -- one in the sandstone at 104 to 120 metres with associated bleaching and one in the basement from 323.7 to 327.1 metres with brecciation and clay gouges;
• DW26-003 tested a ground gravity low complemented by a partially overlapping magnetic low and bounded to the east by a magnetic high.

All intersections are listed with respect to hole depth, not depth from surface.

The Dufferin project is located on or in close proximity to the known trace of the Virgin River shear zone and related structural splays.

Qualified persons

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

For a discussion of the company's QA/QC (quality assurance/quality control) and data verification processes and procedures, please see its most recently filed technical report, a copy of which is available under the company's profile on SEDAR+.

About Refined Energy Corp.

Refined Energy is a Canadian mineral exploration company focused on the acquisition, exploration and development of strategic mineral projects in North America. The company is committed to identifying and advancing high-quality exploration opportunities in tier-one jurisdictions.

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