Refined Energy Successfully Intersects Targeted Unconformity in Maiden Drill Hole at Dufferin West; Advances Drilling on High-Priority EM Conductor
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Refined Energy Successfully Intersects Targeted Unconformity in Maiden Drill
Hole at Dufferin West; Advances Drilling on High-Priority EM Conductor
Vancouver, British Columbia, March 17, 2026 – Refined Energy Corp. (CSE: R UU; OTC: RRUUF; FRA:
CWA0) (“Refined” or the “Company”) announces that the first drill hole of its maiden drill program has
successfully reached target depth beyond the unconformity at the Dufferin West property, located in
Saskatchewan’s prolific Athabasca Basin uranium district.
Highlights
• Maiden drill hole (DW26-001) successfully reached targeted unconformity depth at 332 metres,
validating the Company’s geological model;
• Second drill hole (DW26-002) now underway testing the same high-priority EM conductor and
associated structural target;
• Ground gravity survey completed to further refine structural drill targets;
• Initial drill program planned for a minimum of three holes totaling approximately 1,200 metres
Drill hole DW26-001 intersected the unconformity at a depth of 332 metres and was completed in
basement rock at 432 metres. Core logging and sampling are underway, with samples to be submitted to
an accredited laboratory for detailed analysis and assay results.
MWH Geo -Surveys recently completed a ground gravity survey across the target area. A total of 817
unique stations in a 50m by 100m grid were surveyed covering approximately 530ha. Preliminary results
have been incorporated into the targeting of the second drill hole and will be further utilized for targeting
the planned third drill hole.
The second drill hole, DW26-002, is now underway, located approximately 100 metres south of the first
hole. The hole is designed to further evaluate the same 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 second hole is also designed to test the interpreted intersection of the EM conductor with a gravity
low, believed to represent a cross-cutting N70 structural fault - a structural setting commonly associated
with potential Athabasca Basin mineralization.
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.
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The maiden drill program is designed to test multiple high-priority geophysical and structural targets and
is planned to consist of a minimum of three drill holes totalling approximately 1,200 metres, with oriented
core collection to provide critical geological and structural information. The initial budget is
approximately $1.7 million.
Mark Fields, Chief Executive Officer of the Company stated, “ Completion of the first hole marks an
important milestone in our inaugural drill program at Dufferin West. The program is designed to test a
compelling geophysical target defined by coincident EM conductors and structural features that are
characteristic of potential Athabasca Basin mineralization. With the second hole now underway and new
gravity data incorporated into targeting, we look forward to advancing this prospective structural
corridor.”
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 director of Eagle Plains, the operator of the project, has
reviewed and approved the scientific and technical disclosure in this news release.
For a discussion of the Company’s QA/QC and data verification processes and procedures, please see its
most recently -filed technical report, a copy of which is available under the Company’s profile at
www.sedarplus.ca.
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”,
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“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;
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.