Refined Energy Acquires Option to Purchase the Golden Goose Project, Newfoundland
REFINED ENERGY ACQUIRES OPTION TO PURCHASE THE GOLDEN
GOOSE PROJECT, NEWFOUNDLAND
Vancouver, British Columbia – July 6, 2026 – Refined Energy Corp. (CSE: RUU) (OTC: RRUUF) (FSE:
CWA0) (the "Company" or "Refined") is pleased to announce that it has entered into a n 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
• 93 mineral claims located in central Newfoundland (Figure 1);
• Located within a prospective gold-antimony district in central Newfoundland;
• Situated within the broader Beaver Brook antimony mining region;
• Historical exploration includes prospecting, geochemical surveys, geophysical surveys and
diamond drilling;
• Multiple exploration targets identified through historical work programs;
• Independent NI 43-101 technical report currently underway;
• Technical review intended to assist in prioritizing future exploration activities; and
• The Company continues to evaluate additional regional opportunities.
Next Steps
The Company has commenced preparation of an independent technical report pursuant to
National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The report is expected
to compile and review available historical exploration data and assist the Company in evaluating
future exploration priorities.
Following completion of the technical review, the Company intends to evaluate and prioritize
potential next steps for the Project, including a summer exploration program, target refinement
and other exploration activities considered appropriate based on the results of the review.
Potential activities under evaluation include prospecting, geological mapping, geochemical
sampling, trenching and other work programs designed to advance and refine exploration targets.
The Company will provide additional updates as the technical review progresses and exploration
plans are finalized.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by Jared Suchan, P .Geo., a geological consultant to the Company and a Qualified Person
as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Historical Information
Historical exploration results referenced in this news release were obtained from government
assessment filings, historical reports and records provided by the Optionors.
The Company has not independently verified historical exploration data and such information
should not be relied upon. Historical results, observations and interpretations may not be
representative of future exploration results.
The ongoing NI 43 -101 technical review is intended, in part, to assess and compile available
historical information relating to the Project.
For a further discussion of the Company’s QA/QC and data verification processes and procedures,
please see its mostly recently -filed technical report, a copy of which may be obtained at
www.sedarplus.ca.
About Refined Energy Corp.
Refined Energy Corp. is a Canadian mineral exploration company focused on the acquisition,
exploration and development of strategic mineral projects in North America. The Company is
committed to identifying and advancing high -quality exploration opportunities in tier -one
jurisdictions.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Fields
Chief Executive Officer
For further information, please contact:
Refined Energy Corp.
Email: [email protected]
Website: www.refinedenergy.com
Forward-Looking Statements
This news release contains forward -looking statements and forward-looking information within
the meaning of applicable securities laws. Forward-looking statements in this release include, but
are not limited to, statements regarding the Company's ability acquire the Project, the completion
and timing of the NI 43 -101 technical report, the evaluation of future exploration activities, the
potential completion of a summer exploration program, and the evaluation of additional regional
opportunities. Forward-looking statements are based on management's current expectations and
assumptions and are subject to various risks and uncertainties that could cause actual results to
differ materially from those expressed or implied by such forward -looking statements. Readers
are cautioned not to place undue reliance on forward-looking statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.