Refined amends Dufferin option, to issue 100,000 shares

Mr. Eli Dusenbury reports REFINED ENERGY CORP. AND EAGLE PLAINS RESOURCES LTD. SIGN AN AMENDMENT TO THE OPTION AGREEMENT FOR THE DUFFERIN PROJECT IN THE ATHABASCA BASIN Refined Energy Corp. signed a further amendment with Eagle Plains Resources Ltd. on July 29, 2025, to the option agreement dated Feb. 26, 2024, which was amended on Jan. 30, 2025, under which the company has the right to acquire up to an undivided 75-per-cent interest in and to the Dufferin North and Dufferin West property. The company and Eagle Plains agree to extend the due dates of the following: The additional cash payment of $100,000 from Dec. 31, 2025, to April 30, 2026; The exploration expenditures on the property of an additional $350,000 from Dec. 31, 2024, to April 30, 2026; and The exploration expenditures on the property of an additional $1-million from Dec. 31, 2025, to April 30, 2026. The company shall issue 100,000 common shares in the capital of the company in consideration of the amended agreement. The shares shall be issued within 10 business days of receipt of the Canadian Securities Exchange approval of this amended agreement. The issuance of shares to the Eagle Plains pursuant to the amended agreement is subject to approval by the CSE. All shares issued to Eagle Plains pursuant to the amended agreement will be subject to a statutory four-month hold period pursuant to applicable Canadian securities laws. In addition, the shares issuable pursuant to the amended agreement will be subject to a contractual resale restriction, during which time, subject to customary exception, such shares may not be traded without the prior approval of the company. The shares issuable pursuant to the amended agreement will be released from the resale restrictions in two tranches: Fifty per cent of such shares will be released after four months, and 50 per cent of such shares will be released after eight months. 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 2025. 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.