Anfield Provides Positive Update Regarding its Confirmation Drill Program at Its JD-7 Mine

Executive Summary

• Anfield Energy completed the first 12 of 20 planned drill holes in its JD‑7 uranium‑vanadium open pit mine, confirming significant uranium mineralization across multiple intervals.
• Notable intercepts include 17 ft @ 5,190 ppm eU₃O₈ (GT 8.82) in hole JD7‑25‑004B and 19 ft @ 2,380 ppm eU₃O₈ (GT 4.52) in hole JD7‑25‑005, among others.
• Gamma‑ray logging shows 10 of the 12 holes exceed the 200 ppm eU₃O₈ cutoff and a GT ≥ 0.2, supporting resource confirmation and potential expansion; full results will guide future development and integration into Anfield’s hub‑and‑spoke model centered on the Shootaring Canyon Mill.

Key Details

• Program Scope: 20‑hole, 8,000‑ft confirmation drill program at JD‑7 (Colorado); 12 holes completed to date; remaining holes slated for completion in coming weeks.
• Drilling Contractor: Tri‑Park Drilling (air rotary and split‑barrel core).
• Significant Intercepts:
• Hole JD7‑25‑004B – 17.0 ft @ 5,190 ppm eU₃O₈ (0.519 %) – GT 8.82; peak 14,850 ppm at 153.5 ft.
• Hole JD7‑25‑005 – 19.0 ft @ 2,380 ppm eU₃O₈ (0.238 %) – GT 4.52; peak 9,240 ppm at 170.0 ft.
• Hole JD7‑25‑012 – 17.0 ft @ 1,620 ppm eU₃O₈ (0.162 %) – GT 2.75; peak 5,990 ppm at 185.0 ft.
• Overall Results:
• 10 of 12 holes exceed the minimum cutoff grade of 200 ppm eU₃O₈ and GT ≥ 0.2.
• Seven holes have GT > 0.5 (high‑potential zones).
• Three holes with GT 0.1–0.5 (moderate mineralization).
• Two holes contain only trace mineralization, serving boundary delineation.
• Core Sampling: Two holes cored for physical samples; additional cores planned. Samples to be analyzed by Pace Analytical (WY) and Hazen Research (CO) for uranium, vanadium, mineralogy, and metallurgical testing.
• Qualified Person: Douglas L. Beahm, P.E., P.G., principal engineer at BRS Inc., reviewed and approved technical content per NI 43‑101.
• CEO Comment: Corey Dias highlighted that interim results underscore resource confirmation potential and align with Anfield’s strategy to advance near‑term uranium/vanadium projects toward production, keeping the program on schedule for full completion.

Notable Quotes

“We are very pleased with the interim drill results as they both underscore the potential for resource confirmation – and possible expansion – at JD‑7 … The Company remains on track to complete the remaining holes in the coming weeks.” — Corey Dias, CEO