Refined Energy arranges minimum $1.9M private placement

Mr. Eli Dusenbury reports REFINED ENERGY CORP. ANNOUNCES PRIVATE PLACEMENT Refined Energy Corp. intends to complete a non-brokered private placement financing of a minimum of 9.5 million units of the company and a maximum of up to 10 million units at a price of 20 cents per unit for aggregate gross proceeds of a minimum of $1.9-million up to $2-million. Each unit shall consist of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to purchase a share at an exercise price of 25 cents for a period of 24 months from the date of issuance, provided that the warrants are subject to a 60-day hold period from the date of the closing of the private placement during which time they may not be exercised. Closing of the private placement is anticipated to occur on or about Nov. 14, 2025. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals and the company raising the minimum amount from the private placement through the issuance of a minimum of 9.5 million units. The net proceeds of the private placement are intended to be used for exploration and evaluation expenditures at the company's Dufferin project (and to make the necessary payment to maintain the company's interest in the Dufferin project in good standing) and for general working capital purposes. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions) and the Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), the units issuable under the private placement will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the LIFE). Because the private placement is to be completed pursuant to the LIFE, the securities issued to Canadian resident subscribers in the private placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws. There is an offering document dated Oct. 27, 2025, related to the private placement that can be accessed under the company's profile at SEDAR+ and on the company's website. This offering document contains additional detail regarding the private placement, including additional detail regarding the expected use of proceeds from the private placement. Prospective investors should read this offering document before making an investment decision. About Refined Energy Corp. Refined is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. The Dufferin project in the Athabasca basin is the flagship project of Refined, and a drill program is planned for 2026. Refined also has an option to earn an up-to-100-per-cent interest in the Basin and Milner uranium properties in Saskatchewan. The company continues to review other mineral properties in North America for possible acquisition in the future. We seek Safe Harbor.