Dufferin West Drilling Commences Maiden Drill Program at High-Priority Dufferin West Uranium Target
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Dufferin West Drilling Commences Maiden Drill Program at High-Priority
Dufferin West Uranium Target
Vancouver, British Columbia, March 2, 2026 – 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 most prolific uranium districts.
With uranium prices strengthening and global demand for nuclear power accelerating, we believe Refined
is well positioned to participate in the next cycle of uranium exploration and discovery in the Athabasca
Basin.”
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Qualified Persons
C. C. (Chuck) Downie, P.Geo., a “qualified person” for the purposes of National Instrument 43 -101 -
Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has reviewed and approved
the scientific and technical disclosure in this news release.
About Refined Energy Corp.
Refined Energy Corp. is a Canadian exploration company focused on the discovery and advancement of
uranium and critical energy metal projects within tier-one jurisdictions. With its Dufferin Project located
in Saskatchewan’s Athabasca Basin region, the Company is advancing assets supporting the clean energy
transition.
For further information, please contact:
Eli Dusenbury
Chief Financial Officer
+1 (604) 398-3378
Forward-Looking Statements
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward -looking information and are based
on the Company’s current belief or assumptions as to the outcome and timing of such future events.
In particular t his press release contains statements including the planned Q1 2026 drill program , the
engagement of consultants, exploration objectives, technical interpretations, and the potential of the
Dufferin Project. Forward-looking information is subject to risks, uncertainties, and other factors that may
cause actual results to differ materially from those expressed or implied, including risks related to
exploration, financing, commodity prices, regulatory approvals, and operational factors.
Forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements to be materially different from any future
results, performance or achievements expressed or impli ed by the forward -looking information. Such
factors include: risks inherent in the exploration and development of mineral deposits, including risks
relating to changes in project parameters as plans continue to be redefined and the risk that exploration
and development activities will cost more than the amount budgeted for such activities by the Company;
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risks relating to changes in mineral prices and the worldwide demand for and supply of minerals; risks
related to increased competition and current global financial conditions; access and supply risks; risks
associated with the Company’s reliance on key personnel; operational risks; regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits; financing, capitalization and liquidity
risks; title and environmental risks; and risks relating to the failure to receive all requisite regulatory
approvals. The forward-looking information contained in this release is made as of the date hereof, and
the Company is not obligated to update or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by applicable securities laws. Because of
the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of
this press release.