Refined Energy Corp. Provides Corporate Update and Q1 2026 Exploration Plans

Executive Summary

• Refined Energy Corp. completed a $2 million equity financing on November 7, 2025 and is preparing a Phase I diamond drilling program at the Dufferin Project for Q1 2026 (≈1,250‑2,000 m).
• The company highlighted high‑priority target zones at Dufferin based on recent geophysical reinterpretation, structural analysis, and surface geochemistry.
• Exploration plans were also outlined for the Milner and Basin projects, including upcoming high‑resolution radiometric, ground EM surveys and outcrop sampling.

Key Details

• Financing: $2 million equity raise closed 7 Nov 2025; proceeds earmarked for Q1 2026 drilling logistics and contractor engagement.
• Dufferin Project – Target Highlights:
• Three high‑priority zones identified via magnetic & EM data indicating potential fluid pathways.
• Favorable basement lithologies (graphitic pelitic gneiss, fault‑controlled alteration halos).
• Surface geochemical anomalies with elevated uranium and pathfinder elements.
• Planned Drilling: Phase I diamond program in Q1 2026 targeting the above zones; expected drill length 1,250–2,000 m.
• Milner Project – Next Steps: Plan to conduct high‑resolution radiometric surveys, ground EM work, and surface outcrop sampling to refine drill targets.
• Basin Project – Exploration Outlook: Early reconnaissance identified anomalous radioactivity zones and fault splays; further detailed follow‑up planned.
• Consultant Engagement: Logistics planning and contractor proposals are being sourced to ensure cost‑effective mobilization for the Q1 2026 program.
• Qualified Persons: Chuck Downie, P.Geo. (Dufferin) and Stephen Wallace, P.Geo. (Milner & Basin) have reviewed and approved all technical disclosures.

Notable Quotes

“Our work over the past 12 months has built a strong technical foundation that positions Refined for key exploration advancements early in the new year,” – Mark Fields, CEO, Refined Energy Corp.

Materiality Assessment: Non‑Material – Positive (provides forward‑looking operational update without immediate financial impact).