Anfield Energy Announces Shareholder Approval at Special Shareholder Meeting of Uranium Energy Corp. as a Control Person

Anfield Energy Announces Shareholder Approval

at Special Shareholder Meeting of Uranium Energy Corp. as a Control Person

VANCOUVER, British Columbia – GLOBE NEWSWIRE – March 2 , 202 6 — Anfield Energy Inc.

(TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”), announces that the

shareholders of the Company considered and voted at the special meeting of shareholders held

on February 27, 2026 (the “Special Meeting”) to approve Uranium Energy Corp. (“Uranium

Energy”) as a control person of the Company and the issuance by the Company to UEC Energy

Corp. (“UEC”), a wholly-owned subsidiary of Uranium Energy, of 896,861 common shares in the

capital of the Company, (each, a “Subscription Receipt Share”) upon conversion of certain

Subscription Receipts (as defined below) issued by the Company to UEC, following satisfaction

of the Escrow Release Conditions (as defined below), all as described in more detail in the

Company’s management information circular dated January 27, 2026. The common shares of

Anfield (the “Common Shares”) beneficially owned by Uranium Energy were excluded from the

vote as required by the TSX Venture Exchange (“TSXV”). The Company also announces that it

has issued the 896,861 Subscription Receipt Shares to UEC.

The Special Meeting was held in connection with Company’s previous non-brokered private

placement of 896,861 subscription receipts of the Company (the “Subscription Receipts”) issued

to UEC (the “Offering”) (see news release dated January 12, 2026). Each Subscription Receipt

entitled UEC to receive, upon satisfaction of the Escrow Release Conditions one (1) Subscription

Receipt Share, without payment of additional consideration and without further action on the

part of UEC. The Company required the approval of the TSXV of the participation of Uranium

Energy, through its wholly-owned subsidiary, UEC, in the Offering and, pursuant to the policies

of the TSXV, the approval of the disinterested shareholders of the Company of Uranium Energy

as a “Control Person” of the Company (as such term is defined by the policies of the TSXV) by at

least a simple majority of the votes cast at the Special Meeting, excluding votes attached to

Common Shares held by Uranium Energy and its “Associates” and “Affiliates” (as such terms are

defined by the policies of the TSXV) (the “Escrow Release Conditions”).

About Anfield

Anfield is a uranium and vanadium development 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 NASDAQ (AEC-Q), the TSXV (AEC-V)

and the Frankfurt Stock Exchange (0AD).

ENERGY INC.

ANFIELD

www.anfieldenergy.com

Office: 604-669-5762

Fax: 604-608-4804

TSX.V : AEC

NASDAQ : AEC

Frankfurt : 0AD

Head Office:

4390 Grange Street,

Suite 2005,

Burnaby, B.C. V5H 1P6

On behalf of the Board of Directors

ANFIELD ENERGY INC.

Corey Dias, Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Anfield Energy, Inc.

Corporate Communications

604-669-5762

contact@anfieldenergy.com

www.anfieldenergy.com

This news release contains forward-looking statements and forward-looking information

(together, “forward-looking statements”) within the meaning of applicable Canadian securities

laws. All statements, other than statements of historical facts, are forward-looking statements.

Generally, forward-looking statements can be identified by the use of terminology such as

“plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words,

or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or

“be achieved”. The forward-looking statements contained herein may include. Forward-looking

statements are based on the Company’s current beliefs and assumptions as to the outcome and

timing of future events. Forward-looking statements involve risks, uncertainties and other

factors that could cause actual results, performance and opportunities to differ materially from

those implied by such forward-looking statements. Factors that could cause actual results to

differ materially from these forward-looking statements include, among other things: the risk

that the Subscription Receipt Shares may not be issued as contemplated or at all, the risks and

uncertainties relating to exploration and development, the ability of the Company to obtain

additional financing, the need to comply with environmental and governmental regulations in

Canada and the United States, fluctuations in the prices of commodities, operating hazards and

risks, competition and other risks and uncertainties and other such factors as are set forth in the

annual information form for the Company’s most recently completed year end, as well as the

management discussion and analysis and other disclosures of risk factors for the Company, filed

on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and

assumptions used in preparing the forward-looking statements are reasonable, undue reliance

should not be placed on these statements, which only apply as of the date of this news release,

and no assurance can be given that such events will occur in the disclosed time frames or at all.

Except where required by applicable law, the Company disclaims any intention or obligation to

update or revise any forward-looking statement, whether as a result of new information, future

events or otherwise.