Mr. Eli Dusenbury reports

REFINED ENERGY ANNOUNCES STRATEGIC ACQUISITION TO CONSOLIDATE GOLDEN GOOSE PROPERTY

Refined Energy Corp. has entered into a definitive mineral property purchase agreement to acquire a 100-per-cent interest in mineral licence No. 034939M, located within the central portion of the company's Golden Goose property in Newfoundland.

The licence fills an internal gap in the company's existing land position, allowing this central area to be included in future exploration planning.

"This acquisition is modest in size and cost but strategically located," said Mark Fields, chief executive officer of Refined Energy. "Securing this licence consolidates our land position at Golden Goose and allows us to include this central area in our exploration planning as we advance the project."

Under the agreement, the company will acquire the licence from Stephen Stockley Agriculture and Fabrication Inc. for $7,000 in cash and a 2.0-per-cent net smelter return (NSR) royalty. The company may repurchase one-half of the royalty, reducing it to 1.0 per cent, for $1-million.

The cash consideration is payable in two equal instalments, with the final payment due upon confirmation of the completed title transfer.

About Refined Energy Corp.

Refined Energy is a junior resource exploration company focused on identifying, acquiring and advancing high-potential mineral properties across stable jurisdictions in Canada.

We seek Safe Harbor.