Mr. Eli Dusenbury reports

REFINED ENERGY APPOINTS LEO POWER TO ITS BOARD OF DIRECTORS

Refined Energy Corp. has appointed Leo Power to its board of directors, effective Nov. 13, 2026.

Mr. Power brings experience in the resource sector, corporate governance and government relations, including longstanding ties to Newfoundland and Labrador. He serves as a director of Q2 Metals Corp., Integral Metals Corp. and the St. John's International Airport Authority, and as a member of the Atlantic Canada Ambassadors Council for the Fraser Institute. Earlier in his career, he advised a senior federal Cabinet Minister and a former Premier of Newfoundland and Labrador.

Mr. Power co-founded the Newfoundland and Labrador chapter of the Institute of Corporate Directors. He holds an MBA through the joint Kellogg-Schulich program and a master's degree in oil and gas studies from Memorial University.

"We are pleased to welcome Leo to Refined's board," said Mark Fields, chief executive officer. "His resource sector experience, governance background and connections in Newfoundland and Labrador will bring a valuable perspective as we advance Golden Goose and evaluate opportunities to strengthen our presence in the region."

Equity incentive grants

The company also announces that, effective Nov. 13, 2026, it has granted an aggregate of 2.2 million stock options and 2.2 million restricted share rights (RSRs) to certain directors, officers and consultants of the company pursuant to its equity incentive plan. Each option entitles the holder to acquire one common share at an exercise price of 20 cents until Nov. 13, 2028. The options and RSRs, and any common shares issued on the exercise of the options or the settlement of the RSRs before March 14, 2027, are subject to a hold period expiring March 14, 2027, in accordance with the policies of the Canadian Securities Exchange. The grants are subject to the terms of the plan and the policies of the CSE.

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, including the Golden Goose gold-antimony project in Newfoundland and Labrador.

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