Refined Energy Acquires Option to Purchase the Golden Goose Project, Newfoundland

About this update from Refined Energy Corp

VANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU) (OTC: RRUUF) (FSE: CWA0) (the "Company" or "Refined") is pleased to announce that it has entered into an option agreement (the "Option Agreement") with New Rock Mining Corp., Unity Resources Inc. and Nidon Enterprises Ltd. (collectively, the "Optionors") pursuant to which the Company will have the right to earn a 100% interest in the Golden Goose Project (the "Project"), which consists of 93 mineral claims located in central Newfoundland. The Project has been the subject of historical prospecting, geochemical surveys, geophysical surveys and diamond drilling and is located within a prospective gold-antimony district in central Newfoundland. A map of the Golden Goose Project is included below and illustrates the Project boundaries, regional infrastructure and the location of key regional features. Mark Fields, Chief Executive Officer of Refined Energy, commented: "The execution of this option agreement marks an important milestone for Refined as we establish a foothold in a gold-antimony exploration district in central Newfoundland. We look forward to completing the ongoing technical review and advancing a systematic exploration strategy designed to assess historical exploration records. The Project benefits from historical exploration data which we believe will assist the Company in identifying and prioritizing future exploration activities." Figure 1: Location of the Golden Goose Project, consisting of 93 mineral claims in central Newfoundland. The map outlines the Project boundary and shows regional reference features. Transaction Terms Under the terms of the Option Agreement, Refined may acquire a 100% interest in the Project by making aggregate cash payments of $455,000, issuing an aggregate of 2,100,000 common shares of the Company and incurring $3,000,000 in exploration expenditures over a four-year period. Upon exercise of the option, the Optionors will retain a net smelter return royalty ranging from 1.5% to 2.0%, depending on the applicable mineral licence, subject to certain buyback rights held by the Company. The Option Agreement also provides for an additional cash payment of $100,000 and issuance of 1,250,000 common shares upon completion of a preliminary economic assessment meeting certain criterion. Project Highlights

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