Refined approves Dufferin drill program

Executive Summary

• Refined Energy Corp. has approved a Phase 1 drill program proposal from Eagle Plains Resources Ltd. for its Dufferin West property in the Athabasca Basin.
• The initial budget for the program is approximately $1.7 million, with contractors currently being secured and the initial payment already made.
• The program is scheduled to commence in the first quarter of 2026, leveraging optimal winter drilling conditions.

Key Details

• Program Scope: Phase 1 includes ground-based gravity and electromagnetic surveys followed by three drill holes.
• Drilling Volume: Approximately 1,200 metres of drilling.
• Target: Testing two distinct conductors on the Dufferin West property.
• Budget: Initial budget of approximately $1.7 million, subject to adjustments based on timing, progress, and continuing results.
• Structure: The program is designed to allow for expansion as drilling advances and new targets are generated.
• Timeline: Drilling is planned for the first quarter of 2026.
• Qualified Person: C.C. (Chuck) Downie, PGeo, a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in accordance with National Instrument 43-101.

Notable Quotes

• "We are pleased that the initial program to drill test these distinct conductors has been confirmed. We are now well positioned to undertake the drill program in the first quarter of 2026 and capitalize on optimal winter conditions. It is exciting to be proceeding with a maiden drill program for Refined in the prolific Athabasca basin." — Mark Fields, Chief Executive Officer