Dufferin West Drilling Commences Maiden Drill Program at High-Priority Dufferin West Uranium Target

About this update from Refined Energy Corp

VANCOUVER, British Columbia, March 02, 2026 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; OTC: RRUUF; FRA: CWA0) (“Refined” or the “Company”) is pleased to announce that drilling has commenced on the first hole of its maiden drill program at the Dufferin West property, located in Saskatchewan’s world-renowned Athabasca Basin uranium district. Refined holds the exclusive option to acquire up to a 75% interest in the 10,140ha Dufferin Project, (see Refined’s news release of February 27, 2024 and August 6, 2025) from Eagle Plains Resources Ltd. (“Eagle Plains”) through a combination of cash payments, share issuances and exploration expenditures. The Dufferin Project, which is made up of the North and West Dufferin properties, is located adjacent to NexGen Energy’s SW3 Property and approximately 18km from Cameco’s Centennial Deposit where historic drill hole VR-031W3 intersected 8.78% U308 over 33.9m (SMAF 74G12-0061)1. The drill program is targeting a promising electromagnetic (“EM”) conductor defined by previous airborne VTEM data and refined by a recently completed time-domain moving loop EM (TEM) ground geophysical program. The initial program will consist of a minimum of 3 drill holes totalling approximately 1200 metres, with oriented core collection to provide critical geological and structural information. The initial budget is approximately $1.7 million. In parallel, Refined will conduct a ground gravity survey to further refine and prioritize additional drill targets. Dufferin West represents a technically promising exploration opportunity, driven by integrated geophysical, geological and structural interpretations. Work to date has confirmed key NE-SW trending structural corridors consistent with known uranium mineralization systems across the Athabasca Basin. The Dufferin Project is considered prospective for both unconformity- and basement-hosted uranium mineralization in proximity to NE-SW trending faults. Faulted basement contacts with ductile/brittle deformation near the unconformity contact are the primary locations for high-grade Athabasca uranium deposits. Mark Fields, Chief Executive Officer of the Company stated, “Commencing drilling at Dufferin West marks a major milestone for Refined Energy. This program is the culmination of extensive geophysical and technical work that has identified prospective targets in one of the world’s...

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