Mr. Mark Fields reports

REFINED ENERGY TERMINATES DUFFERIN OPTION AGREEMENT

Refined Energy Corp. has elected to terminate its option to earn an interest in the Dufferin uranium project in Saskatchewan.

Mark Fields, chief executive officer of Refined Energy, commented: "We would like to thank Eagle Plains Resources Ltd. for the opportunity to explore and drill test the Dufferin project. Following the completion of our initial exploration program and technical review, the company has elected not to proceed with the option agreement. We remain committed to a disciplined approach to capital allocation and will now focus our exploration efforts on advancing the Golden Goose gold-antimony project in Newfoundland."

Refined Energy expects to receive the independent National Instrument 43-101 technical report for the Golden Goose project in the near term and developing future exploration plans for the project.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Jared Suchan, PGeo, a geological consultant to the company and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Refined Energy Corp.

Refined Energy is a Canadian mineral exploration company focused on the acquisition, exploration and development of strategic mineral projects in North America. The company is committed to identifying and advancing high-quality exploration opportunities in Tier 1 jurisdictions.

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