Refined Energy Completes Maiden Drill Program at Dufferin West, Intersects Unconformity

Executive Summary

• Refined Energy Corp. completed its maiden drill program at the Dufferin West property (Athabasca Basin) on budget (~$1.7 M), intersecting key structural targets and the unconformity in two holes.
• Hole DW26-001 intersected a graphitic conductor at 381 m depth; hole DW26-003 reached the unconformity at 312 m and intersected brecciated fault zones with bleaching, clay gouges, and brecciation.
• Core logging and sampling are finished; rush analyses have been initiated to evaluate alteration and potential uranium mineralization vectors.

Key Details

• Program Scope: 975 m total drilling across three planned holes (DW26-001, DW26-002, DW26-003); DW26-002 was terminated early and replaced by an additional run of DW26-003 to maximize coverage of priority gravity targets.
• Hole DW26-001: Intersected targeted graphitic conductor at 381 m with associated brecciation; unconformity depth recorded at 332 m.
• Hole DW26-003: Reached unconformity at 312 m; intersected two brecciated fault zones:
• Sandstone zone 104–120 m with bleaching.
• Basement zone 323.7–327.1 m with brecciation and clay gouges.
• Geophysical Context: DW26-003 tested a significant ground‑gravity low, partially overlapping magnetic low, bounded east by a magnetic high—interpreted as Archean granite‑gneiss basement.
• Budget & Costs: Program completed on budget at approximately $1.7 million.
• Sampling & Analysis: Core logging and sampling complete; samples sent to an accredited lab for full geochemical assay. Rush analysis underway on select intervals to expedite evaluation of alteration/mineralization vectors.
• Option Position: Refined holds an exclusive option to acquire up to 75 % interest in the 10,140‑ha Dufferin Project from Eagle Plains Resources Ltd., payable via cash, shares, and exploration expenditures (see prior releases Feb 27 2024 & Aug 6 2025).
• Qualified Person: C. C. (Chuck) Downie, P.Geo., VP for Eagle Plains, reviewed and approved the scientific/technical disclosure per NI 43‑101.

Notable Quotes

“The completion of our maiden drill program marks an important milestone for Refined Energy. The ongoing analysis, including rush results, will help determine whether vectors toward uranium mineralization are present and guide next steps at Dufferin West.” – Mark Fields, Chief Executive Officer

Materiality Assessment: Material – Positive (the drill results provide substantive new geological information on a high‑potential uranium project, indicating progress toward potential resource development).