Mr. Mark Fields reports

REFINED ENERGY SUCCESSFULLY INTERSECTS TARGETED UNCONFORMITY IN MAIDEN DRILL HOLE AT DUFFERIN WEST; ADVANCES DRILLING ON HIGH-PRIORITY EM CONDUCTOR

The first drill hole of Refined Energy Corp.'s maiden drill program has successfully reached target depth beyond the unconformity at the Dufferin West property, located in Saskatchewan's prolific Athabasca basin uranium district.

Highlights

• Maiden drill hole (DW26-001) successfully reached targeted unconformity depth at 332 metres, validating the company's geological model;
• Second drill hole (DW26-002) now under way testing the same high-priority EM conductor and associated structural target;
• Ground gravity survey completed to further refine structural drill targets;
• Initial drill program planned for a minimum of three holes totalling approximately 1,200 metres.

Drill hole DW26-001 intersected the unconformity at a depth of 332 metres and was completed in basement rock at 432 metres. Core logging and sampling are under way, with samples to be submitted to an accredited laboratory for detailed analysis and assay results.

MWH Geo-Surveys recently completed a ground gravity survey across the target area. A total of 817 unique stations in a 50-metre-by-100-metre grid were surveyed covering approximately 530 hectares. Preliminary results have been incorporated into the targeting of the second drill hole and will be further utilized for targeting the planned third drill hole.

The second drill hole, DW26-002, is now under way, located approximately 100 metres south of the first hole. The hole is designed to further evaluate the same electromagnetic (EM) conductor defined by previous airborne VTEM data and refined by a recently completed time-domain moving-loop EM (TEM) ground geophysical program.

The second hole is also designed to test the interpreted intersection of the EM conductor with a gravity low, believed to represent a cross-cutting N70 structural fault -- a structural setting commonly associated with potential Athabasca basin mineralization.

Refined holds the exclusive option to acquire up to a 75-per-cent interest in the 10,140-hectare Dufferin project (see Refined's news release of Feb. 27, 2024, and Aug. 6, 2025) from Eagle Plains Resources Ltd. through a combination of cash payments, share issuances and exploration expenditures.

The maiden drill program is designed to test multiple high-priority geophysical and structural targets, and is planned to consist of a minimum of three drill holes totalling approximately 1,200 metres, with oriented core collection to provide critical geological and structural information. The initial budget is approximately $1.7-million.

Mark Fields, chief executive officer of the company, stated: "Completion of the first hole marks an important milestone in our inaugural drill program at Dufferin West. The program is designed to test a compelling geophysical target defined by coincident EM conductors and structural features that are characteristic of potential Athabasca basin mineralization. With the second hole now under way and new gravity data incorporated into targeting, we look forward to advancing this prospective structural corridor."

For a discussion of the company's QA/QC (quality assurance/quality control) and data verification processes and procedures, please see its most recently filed technical report, a copy of which is available under the company's profile at SEDAR+.

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 director of Eagle Plains, the operator of the project, has reviewed and approved the scientific and technical disclosure in this news release.

For a discussion of the company's QA/QC and data verification processes and procedures, please see its most recently filed technical report, a copy of which is available under the company's profile at SEDAR+.

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 project located in Saskatchewan's Athabasca basin region, the company is advancing assets supporting the clean energy transition.

We seek Safe Harbor.