Mr. Eli Dusenbury reports

REFINED ENERGY PROVIDES DUFFERIN PROJECT DRILL PROGRAM UPDATE

Contracts for Refined Energy Corp.'s Dufferin West drill program, planned for February, have been signed. Securing the contractors is an important step to ensure the drill program is conducted efficiently and in a timely manner. Refined has the option to earn up to a 75-per-cent interest in the Dufferin West property from Eagle Plains Resources Ltd.

The key contracts that have been signed are for the drill company, gravity survey, helicopter and fixed wing logistics, fuel, and accommodation. Additionally, Refined and Eagle Plains are pleased to report that the Dufferin West drill program has been approved for a grant for up to $50,000 under the Saskatchewan targeted mineral exploration incentive program. As described in the news release on Dec. 8, 2025, the drill program is driven by results from geophysical and technical work, paired with advanced interpretive analysis to define the most promising targets. The phase I proposal includes ground-based gravity and electromagnetic surveys, and three drill holes totalling approximately 1,200 metres, designed to test two distinct conductors on the Dufferin West property. The initial budget is approximately $1.7-million, subject to adjustments based on timing, progress and continuing results. The program is structured to allow for expansion as drilling advances and new targets are generated.

Mark Fields, chief executive officer of the company, stated: "Securing the right contractors is a crucial component to undertake an efficient drill program. We are pleased that the key contracts are already in place for the upcoming drill program to allow for effective planning and execution. We are well positioned to undertake the drill program in the first quarter of 2026 and capitalize on optimal winter conditions. It is exciting to be proceeding with a maiden drill program for Refined in the prolific Athabasca basin."

Qualified persons

C.C. (Chuck) Downie, PGeo, a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.

About Refined Energy Corp.

Refined Energy is a Canadian exploration company focused on the discovery and advancement of uranium and critical energy metal projects within Tier 1 jurisdictions. With its Dufferin, Milner and Basin projects, located in Saskatchewan's Athabasca basin region, the company is advancing a diversified pipeline of assets supporting the clean energy transition.

We seek Safe Harbor.