Refined mobilizes ground geophysical crew at Dufferin

Mr. Mark Fields reports DUFFERIN WEST EXPLORATION PROGRAM ADVANCES AS GEOPHYSICAL TEAM MOBILIZES Refined Energy Corp.'s ground geophysical team has mobilized at Dufferin Lake Lodge as part of the company's Dufferin West exploration program. Drilling is planned to begin later in February. Refined has the right, at its option, to acquire up to a 75-per-cent interest in the Dufferin project (see Refined's news releases of Feb. 27, 2024, and Aug. 6, 2025) from Eagle Plains Resources Ltd. through a series of cash payments, share issuances and financing exploration expenditures on the Dufferin project. A time-domain EM (TEM) ground geophysical program is under way to prioritize additional drill targeting. Upon completion, the data will be used to generate a detailed inversion and develop three-dimensional Maxwell plates to further refine drill hole targeting. All contracts have been confirmed to commence the drill program later in February. The program is planned to include a minimum of three drill holes totalling approximately 1,200 metres, designed to test two distinct conductors on the Dufferin West property. The initial budget is approximately $1.7-million. Simultaneously, a ground gravity geophysical program will be conducted to further define and refine drill targets. The Dufferin West program is driven by results from geophysical and technical work, paired with advanced interpretive analysis to define the most promising targets. This work has confirmed the presence of key northeast-southwest-trending structures that correspond with known uranium-bearing systems across the region. Dufferin West is located approximately 18 kilometres (km) from Cameco's Centennial deposit (historical drill hole VR-031W3 intersected 8.78 per cent U308 over 33.9 metres (m)) (1). The properties are prospective for unconformity- and basement-hosted uranium mineralization in proximity to northeast-southwest-trending faults. Faulted basement contacts and brittlely reactivated structures are the primary locations for mineralization in the area covered by the Dufferin project. Mark Fields, chief executive officer of the company, stated: "This is an exciting period for Refined Energy. The Athabasca basin region is renowned for its history of exploration, discovery and development of high-value uranium mines. With the drill arriving shortly, we will see the culmination of significant work to generate the prospective drill targets to test for high-grade deposits that characterize the Athabasca basin." The company also announces that it has terminated the option on the Basin property as it continues to focus on the Dufferin project and the upcoming drill program. 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 a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release. 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. (1) This result was taken from Saskatchewan Industry and Resources assessment wofk File: 74G12-0061, Cameco Corp., 2009, DDH VR-031W3. The company has not had a qualified person verify this information and this information is not necessarily indicative of the mineralization (if any) present at the Dufferin project. We seek Safe Harbor.