Mr. Corey Dias reports

ANFIELD ENERGY CLOSES ACQUISITION OF BRS INC.

Anfield Energy Inc. has closed its previously announced acquisition of BRS Inc. (see news release dated Dec. 18, 2025), a leading uranium-focused engineering and geology consulting firm based in Wyoming, through a definitive stock purchase agreement, as amended, with Douglas L. Beahm, PE, PG, the chief operating officer of the company. The acquisition integrates BRS's renowned expertise directly into Anfield, significantly enhancing the company's technical capabilities as it advances toward near-term uranium and vanadium production.

BRS, founded and led by Douglas L. Beahm, a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects with over 50 years of experience in uranium exploration, mine development, ISR operations and resource estimation -- has been a key engineering partner to Anfield since 2014. BRS has authored numerous technical reports, preliminary economic assessments (PEAs) and resource updates for Anfield's assets, including the Slick Rock project, the West Slope projects, the Velvet-Wood mine and others. The acquisition brings Mr. Beahm and the BRS team in house, with Mr. Beahm firmly committed to serving the company in the chief operating officer role while continuing to serve as principal engineer.

In consideration for the acquisition of BRS, the company is required to complete a series of cash payments to Mr. Beahm totalling $5-million (U.S.). In connection with closing, the company paid Mr. Beahm $1.5-million (U.S.), with a further $1.5-million (U.S.) payable on the first anniversary of closing and a further $2-million (U.S.) on the second anniversary of closing.

No securities of the company were issued in connection with closing of the acquisition, nor were any finder's fee paid to any third party.

As Mr. Beahm is an officer of the company, and a non-arm's-length party, within the meaning of the policies of the TSX Venture Exchange, the acquisition constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The acquisition is exempt from the valuation requirement and the minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in that the fair market value of the acquisition, and the consideration being offered by the company, does not exceed 25 per cent of the company's market capitalization.

About Anfield Energy Inc.

Anfield is a uranium and vanadium development company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the Nasdaq (AEC-Q), the TSX Venture Exchange (AEC-V) and the Frankfurt Stock Exchange (0AD).