- Anfield Energy Inc. (AEC) has **completed a 20-hole, 8,000-foot confirmation drill program** at its JD-7 mine, one of the five mines within the Paradox Mine Complex.  **[1519469_0001171843-25-006554_exh_991.htm:0]** 
- The drilling activities commenced on **September 15, 2025**, and were completed on **October 9, 2025**.  **[1519469_0001171843-25-006554_exh_991.htm:1]** 
- Significant intercepts of mineralization were reported, including **17.0 ft grading an average of 5,190 ppm (0.519%) eU3O8** in Hole JD7-25-004B.  **[1519469_0001171843-25-006554_exh_991.htm:1]** 
- The results from this program will be incorporated into a **new uranium and vanadium resource report in Q1 2026**.  **[1519469_0001171843-25-006554_exh_991.htm:0]** 
- Following this, the Company plans to commence underground drilling at its remaining JD mines to issue an updated uranium resource for the entire Paradox Mine Complex.  **[1519469_0001171843-25-006554_exh_991.htm:1]**

Anfield Energy Completes Confirmation Drill Program at JD-7 Mine

- Anfield Energy Inc. has secured **final regulatory approval** from the Utah Department of Oil, Gas and Mining (DOGM) for the construction of its Velvet-Wood uranium project, following prior environmental approval from the U.S. Department of the Interior.  **[1519469_0001171843-25-006330_exh_991.htm:0]** 
- This approval, received on **October 7, 2025**, enables **immediate mobilization** and **groundbreaking within 30 days** for the Velvet-Wood mine, which is a key part of Anfield's integrated mine-to-mill strategy.  **[1519469_0001171843-25-006330_exh_991.htm:0]** 
- The Velvet-Wood project, a past-producing mine, holds estimated mineral resources of **4.6 million pounds of eU3O8** (measured and indicated) and **552,000 pounds of eU3O8** (inferred).  **[1519469_0001171843-25-006330_exh_991.htm:1]**

Anfield Energy receives Utah regulatory approval for Velvet-Wood Mine construction

- Anfield Energy Inc. has completed the first **12 of 20 holes** in its **8,000-foot confirmation drill program** at the JD-7 mine in Montrose County, Colorado.  **[1519469_0001171843-25-006214_exh_991.htm:0]** 
- The drill program, which commenced on **September 15, 2025**, aims to confirm and potentially expand existing uranium and vanadium resources.  **[1519469_0001171843-25-006214_exh_991.htm:0]** **[1519469_0001171843-25-006214_exh_991.htm:1]** 
- Initial results indicate elevated uranium mineralization exceeding the minimum cutoff grade in **10 of the 12 completed drill holes**.  **[1519469_0001171843-25-006214_exh_991.htm:1]** 
- Significant intercepts include **17.0 ft grading 5,190 ppm (0.519%) eU3O8** in Hole JD7-25-004B and **19.0 ft grading 2,380 ppm (0.238%) eU3O8** in Hole JD7-25-005.  **[1519469_0001171843-25-006214_exh_991.htm:1]** 
- The company expects to complete the remaining holes in the coming weeks, with full results informing future development plans.  **[1519469_0001171843-25-006214_exh_991.htm:1]**

ANFIELD ENERGY (AEC)