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AEC.V ·

Anfield Energy Announces Cease Trade Order

Listings & Exchange Regulatory & Compliance

Head Office:

4390 Grange Street, Suite 2005

Burnaby, B.C. V5H 1P6

www.anfieldenergy.com

Office: 604.669.5762

Fax: 604.608.4804

TSX.V: AEC

OTCQB: ANLDF

FRANKFURT: 0AD

Anfield Energy Announces Cease Trade Order

VANCOUVER, BRITISH COLUMBIA – GLOBE NEWSWIRE – May 6, 2024 — Anfield Energy, Inc. (TSX.V: AEC;

OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) announces that as a result of a delay in

filing its annual financial statements, accompanying management's discussion and analysis and related

officer certifications (collectively, the “Annual Filings”) for the financial year ended December 31, 2023,

the British Columbia Securities Commission has issued a cease trade order (the “CTO”).

The Annual Filings have not been filed due to a change in auditor practices which has resulted in more

time required to review both requested additional data related to longstanding audit items such as Asset

Retirement Obligations and the pursuit of an independent third -party evaluation of data in others . The

CTO prohibits the trading of any securities of the Company until the Annual Filings have been completed

and the CTO revoked.

The Company is working with its auditor to complete the Annual Filings and will file them as soon as

possible. The Company will issue a news release once the Annual Filings have been filed and a date for

the resumption of trading determined.

About Anfield

Anfield is a uranium and vanadium development and near- term production company that is committed

to becoming a top -tier energy -related fuels supplier by creating value through sustainable, efficient

growth in its assets. Anfield is a publicly traded corporation listed on the TSX Venture Exchange (AEC-V),

the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

On behalf of the Board of Directors

ANFIELD ENERGY INC.

Corey Dias, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Anfield Energy, Inc.

Clive Mostert

Corporate Communications

780-920-5044

[email protected]

www.anfieldenergy.com

Safe Harbor Statement

THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT

PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,

EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.

EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN

FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL

RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY

SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY,

FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR

STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT

LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE

COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE

INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED FUTURE CAPITAL REQUIREMENTS AND

THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO

ASSURANCE THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE

COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE

COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY

ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY

BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE,

THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS

SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED

IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS

CONTENTS.