Mr. David Suda reports

AMERICAN FUTURE FUEL BOLSTERS LEADERSHIP WITH APPOINTMENT OF FORMER TECHNICAL LEAD & GLOBAL STRUCTURAL GEOLOGIST OF NEWMONT CORP, MICHAEL HENRICHSEN, TO BOARD OF DIRECTORS

American Future Fuel Corp. has appointed Michael Henrichsen as a new member of the board of directors, effective Sept. 25, 2023. Mr. Henrichsen's extensive expertise as a structural geologist and his remarkable record in enhancing reserves and resources make him a valuable addition to the company's leadership team.

Mr. Henrichsen brings a wealth of experience from his tenure in the mining industry, where he played a pivotal role in shaping the landscape at companies such as Newmont Corp. (with a market capitalization of approximately $43-billion) and others:

• Newmont Corp., 2008 to 2011: Mr. Henrichsen led the technical program in Ghana, West Africa, where he oversaw a team of geoscientists and technical initiatives that led to multiple discoveries within the Ahafo district. His leadership was instrumental in unearthing a significant amount of gold, representing a blend of new-found discoveries and substantial resource extensions.
• Newmont Corp,, 2011 to 2013: As the global structural geologist, Mr. Henrichsen embarked on a mission to find high-grade ore in the proximity of mining operations, notably at Yanacocha, Peru (South America's largest gold mine), and Long Canyon, Nevada. His collaborative efforts with local teams yielded remarkable results, uncovering new orebodies in both districts.
• Auryn Resources, 2015 to 2020: Mr. Henrichsen served as the technical lead, spearheading the assembly of a project portfolio spanning Canada and Peru. His technical efforts culminated in a significant $35-million investment from Goldcorp to advance the portfolio's development. Notably, in July, 2016, Mr. Henrichsen played a key role in recommending the purchase of the Homestake Ridge project in the Golden Triangle for $12-million in cash and shares. Subsequently, in December, 2021, the project was sold to Dolly Varden Silver for approximately $55-million at the time of sale.
• Torq Resources, 2020 to present: Mr. Henrichsen, in his role as chief geological officer at Torq Resources, was instrumental in partnering with a prominent Chilean geological team and building a high-quality exploration portfolio in northern Chile. Based on the strength of the team and portfolio, the focus was on the flagship Santa Cecilia project that is surrounded by the Norte Abierto joint venture held jointly by Barrick Gold and Newmont and the Margarita iron oxide-copper-gold project, a significant new greenfield discovery.

"We are delighted to welcome Mr. Henrichsen to our board of directors. His exceptional expertise as a structural geologist and his history of success in enhancing reserves and resources will be instrumental in guiding our strategic decisions and driving the company's growth," stated David Suda, chief executive officer of American Future.

With Mr. Henrichsen's appointment, American Future is confident in its ability to maximize its potential and achieve success in the industry. The company looks forward to leveraging Mr. Henrichsen's insights and guidance as it moves forward with its strategic objectives.

In a related development, the company also announces the resignation of Patrick Morris from his position as a director of American Future. The company extends its sincere appreciation to Mr. Morris for his valuable contributions and dedicated service during his tenure.

About American Future Fuel Corp.

American Future is a Canadian-based resource company focused on the strategic acquisition, exploration and development of alternative energy projects. The company holds a 100-per-cent interest in the Cebolleta uranium project, located in Cibola county, New Mexico, United States, and is situated within the Grants mineral belt, a prolific mineral belt responsible for approximately 37 per cent of all uranium produced in the United States.

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