Mr. Corey Dias reports

ANFIELD ENERGY FURTHER AMENDS CREDIT FACILITY WITH EXTRACT

Further to the news release dated Jan. 29, 2026, Anfield Energy Inc. has revised the terms of the previously announced amending and consent agreement with Extract Advisors LLC to amend the terms of an existing credit facility (see the company's news release dated Oct. 6, 2023, April 17, 2024, and March 18, 2025) with Extract, as agent of the credit facility. Pursuant to the amending agreement, Extract consented to the company's proposed acquisition of all of the issued and outstanding securities of BRS Inc. (see the company's news release dated Dec. 18, 2025).

In consideration for the consent, the company has agreed to issue 50,000 bonus common shares and 180,085 bonus common share purchase warrants to Extract, with each such bonus warrant entitling the holder thereof to acquire one common share of the company at an exercise price of $8.11 per share until Sept. 26, 2028. The issuance of the bonus shares and bonus warrants is made in accordance with TSX Venture Exchange Policy 5.1 (Loans, Loan Bonuses, Finder's Fees and Commissions). For so long as the credit facility remains outstanding, all proceeds from the exercise of the bonus warrants by the lender shall be used to repay the principal amount of the credit facility. The consent is conditional upon the company's issuance of the bonus shares and bonus warrants to Extract. The issuance of the bonus shares and bonus warrants is subject to the approval of the TSX-V.

About Anfield Energy Inc.

Anfield is a uranium and vanadium development company that is committed to becoming a top-tier energy-related fuel supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on Nasdaq, the TSX-V and the Frankfurt Stock Exchange.

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