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

About this update from Refined Energy Corp

VANCOUVER, British Columbia, April 02, 2026 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; OTC: RRUUF; FRA: CWA0) (“Refined” or the “Company”) is pleased to announce the completion of its maiden drill program at the Dufferin West property, located in Saskatchewan’s prolific Athabasca Basin uranium district. Highlights Drill hole DW26-001 intersected the targeted graphitic conductor at 381 metres with associated brecciation (unconformity depth was at 332 m). Drill hole DW26-003 reached the unconformity at 312 metres and intersected two brecciated fault zones; one in the sandstone at 104 to 120 m with associated bleaching, and one in the basement from 323.7 to 327.1 m with brecciation and clay gouges. DW26-003 tested a significant ground gravity low complemented by a partially overlapping magnetic low and bounded to the east by a magnetic high. Initial drill program totaled 975 metres. Detailed sampling for geochemical analysis was completed over the fault / breccia zones to aid in determining their potential for mineralization. The program was completed on budget for approximately $1.7 million. Both drill hole DW26-003 and DW26-001 successfully intersected the unconformity. The Company elected to advance drill hole DW26-003 in place of the originally planned DW26-002 following observations from DW26-001, which indicated similar structural characteristics. This adjustment was made to maximize coverage of priority gravity geophysical targets within the program. Core logging and sampling are complete, with samples submitted to an accredited laboratory for detailed geochemical analysis and assay results. The Company has commissioned rush analysis on select samples from key intervals to expedite evaluation of alteration and potential mineralization vectors. The maiden drill program was designed to test multiple high-priority geophysical and structural targets across the Dufferin West property, integrating EM conductors, gravity lows, and magnetic features (see Figure 1). Refined holds the exclusive option to acquire up to a 75% interest in the 10,140-hectare 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. Mark Fields, Chief Executive Officer of the Company stated, “The completion...

View stock analysis, news, and events for Refined Energy Corp