Mr. Corey Dias reports

ANFIELD RESOURCES INC. DISCLOSURE CLARIFICATION

As a result of a review by the B.C. Securities Commission, Anfield Resources Inc. is issuing the following news release to clarify its technical disclosure.

Clarifying disclosure: non-compliant disclosure of a mineral resource estimate

In its news releases, the company reports current mineral resources for its Velvet-Wood mineral property. This disclosure failed to disclose the measured and indicated classes separately as required by NI 43-101 and omits the tonnage. The company would like to clarify its statement by adding the attached Velvet-Wood mineral resources table.

                         VELVET-WOOD MINERAL RESOURCES 

Area/classification                           Tons    Average grade % eU3O8 Pounds eU3O8 

Velvet measured mineral resource              362,600 0.27                  1,966,000   
Velvet indicated mineral resource             71,200  0.38                  548,000     
Wood indicated mineral resource               377,000 0.28                  2,113,000   
Total measured and indicated mineral resource 810,800 0.29                  4,627,000   
Total inferred mineral resource               87,000  0.32                  552,000     

Non-compliant disclosure of historical estimates

In its news releases, the company reports historical mineral resource estimates for the Frank M. mineral property and tailings estimates. This disclosure does not include information and cautionary language required by NI 43-101. The company would like to clarify its statement for the Frank M. mineral property.

      INDICATED MINERAL RESOURCE 
        (HISTORICAL ESTIMATE)

Tons      Average grade %U3O8 Pounds U3O8

1,095,000 0.101               2,210,000  

(Source: Frank M. uranium project, 
NI 43-101 mineral resource report, 
Garfield county, Utah, United States
of America; author: BRS Inc.; date:
June 10, 2008).

The indicated mineral resource, while a historical estimate, was completed to the indicated mineral resource standard of Canadian Institute of Mining, Metallurgy and Petroleum. Anfield is not treating the historical estimate as current mineral resources or mineral reserves. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. This historical resource estimate was developed based on the analysis of radiometric data from 838 historical holes and the chemical assay from 17 historical core holes. The historical estimate also utilizes nine additional core holes that were drilled in 2007 to provide data verification and equilibrium evaluation. The grade thickness contour method was used to develop the resource estimates, evaluating grade thicknesses ranging from 0.10 to 1.00. The results disclosed in the attached indicated mineral resource table are based on a grade thickness of 0.25. The historical estimate referenced herein is from a report prepared by a mineral exploration and mining consulting firm, using current indicated mineral resource CIM standard and terminology. Thus, the company considers the historical estimate to be reliable. Anfield intends to work with the same group to complete sufficient verification drilling at Frank M. to bring the historical estimate to a current indicated mineral resource.

In its news releases, the company reports historical mineral resource estimates for the surface stockpiles. This disclosure does not include information and cautionary language required by NI 43-101. The company hereby restates the historical estimates as follows:

Shootaring Canyon mill stockpile

Historical estimate:  Approximately 250,000 pounds of triuranium octoxide at an average grade of 0.13 per cent U3O8

Note:  Resource classification unknown

Source:  Definitive cost estimate for the restart of Shootaring Canyon mill, Ticaboo, Utah (author: Lyntek Inc. and date: July 28, 2008)

Anfield is not treating the historical estimate as current mineral resources or mineral reserves. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Anfield cannot guarantee the reliability of the historical estimate as the limits, assumptions and methods used to estimate the historical resource are not known. Anfield intends to conduct a sampling program and survey, in accordance with CIM standards and terminology, to determine the grade and tonnage of material present in the stockpile, and to upgrade the historical estimate to a current resource.

Lisbon Valley stockpile

Historical estimate:  Approximately 165,000 pounds of U3O8 at an average grade of 0.9 per cent U3O8

Note:  Resource classification unknown

Source:  Technical report on the Lisbon Valley uranium properties, Utah (author: Roscoe Postle Associates Inc. and date: Sept. 12, 2005)

Anfield is not treating the historical estimate as current mineral resources or mineral reserves. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Anfield cannot guarantee the reliability of the historical estimate as the limits, assumptions and methods used to estimate the historical resource are not known. Anfield intends to conduct a sampling program and survey, in accordance with CIM standards and terminology, to determine the grade and tonnage of material present in the stockpile, and to upgrade the historical estimate to a current resource.

Omission of naming qualified person

The company omitted identification of the qualified person who prepared or supervised the preparation of the technical information in news releases dated Aug. 21, 2014, Sept. 10, 2014, Dec. 4, 2014, Feb. 10, 2015, Feb. 23, 2015, and March 10, 2015. The company takes note of this omission, and will provide the required identification in all future news releases that disclose technical information.

Classification as ore

The company used the term ore to describe material in the surface stockpiles. The term is potentially misleading because it implies a current mineral reserve. The company notes that the stockpiles do not constitute a current mineral reserve, and as such, the term ore as used in the NI 43-101 is not an appropriate classification. The company hereby retracts the classification of the surface stockpiles as ore, as there is no current mineral reserve.

Corporate presentation

Certain information contained in the corporate presentation is not in compliance with National Instrument 43-101 (standards of disclosure for mineral projects). The company has removed the corporate presentation from the website, pending necessary updates to come into compliance with NI 43-101. Points on the corporate presentation that will be revised include the following:

• The corporate presentation discloses a Frank M. historical estimate that omits prominent cautionary language. The appropriate cautionary language is not included with every reference to the historical estimates. The company will rectify this by including the appropriate cautionary language in all required circumstances before posting a revised corporate presentation on the website.
• The corporate presentation contains an instance where inferred mineral resources are added to other categories. The company will rectify this by appropriately separating any mention of inferred resources from the total mineral resources report and subtracting that amount from the total reported before posting a revised corporate presentation on the website.
• The corporate presentation contains an instance where historical estimates are added to current resource estimates. Specifically, this occurs in the resource table, which sums historical and current inferred resource estimates with other resource classes. The company will rectify this by appropriately separating any mention of historical estimates from the total mineral resources reported, and subtracting that amount from the total reported before posting a revised corporate presentation on the website.

We seek Safe Harbor.