Refined Energy Provides Dufferin Project Drill Program Update

Executive Summary

• Refined Energy Corp. has signed all key contracts (drill contractor, gravity survey, helicopter/fixed‑wing logistics, fuel, accommodation) for its planned Dufferin West drill program in February 2026.
• The company received approval for a grant of up to $50,000 from the Saskatchewan Targeted Mineral Exploration Incentive program to support the program.
• Phase I of the program will involve ground‑based gravity and EM surveys plus three drill holes (~1,200 m) with an initial budget of approximately $1.7 million, subject to adjustment as work progresses.

Key Details

• Contracts Executed: Drill company, gravity survey provider, helicopter & fixed‑wing logistics firm, fuel supplier, accommodation services – all secured to ensure timely execution of the February drill campaign.
• Grant Funding: Up to $50,000 awarded under Saskatchewan’s Targeted Mineral Exploration Incentive program to offset exploration costs.
• Program Scope (Phase I):
• Ground‑based gravity and electromagnetic surveys.
• Three drill holes targeting two conductors, total depth ≈ 1,200 m.
• Budget: Initial estimate $1.7 million, with flexibility for timing, progress, and results‑driven adjustments.
• Option Interest: Refined holds an option to earn up to 75 % interest in the Dufferin West property from Eagle Plains Resources Ltd.
• Timeline: Drill program slated for Q1 2026, leveraging optimal winter conditions in the Athabasca Basin.

Notable Quotes

“Securing the right contractors is a crucial component to undertake an efficient drill program… We are well positioned to undertake the drill program in the first quarter of 2026 and capitalize on optimal winter conditions.” – Mark Fields, Chief Executive Officer, Refined Energy Corp.