Refined Energy Corp. (CSE: RUU) (OTC: RRUUF) (FRA: CWA0) is pleased to announce that it has closed its previously announced non-brokered private placement financing for aggregate gross proceeds of $2,000,000.

Pursuant to the Private Placement, the Company issued 10,000,000 units of the Company at a price of $0.20 per Unit. Each Unit consists of one common share in the capital of the Company and one Share purchase warrant, with each Warrant entitling the holder thereof to purchase an additional Share at an exercise price of $0.25 until November 7, 2027, provided that the Warrants are subject to a hold period expiring on January 6, 2026 during which time they may not be exercised.

The net proceeds of the Private Placement are intended to be used for exploration and evaluation expenditures at the Company’s Dufferin Project (and to make the necessary payments to maintain the Company’s interest in the Dufferin Project in good standing) and for general working capital purposes.

The Units issued pursuant to the Private Placement were offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106 – Prospectus Exemptions, as modified by the Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Because the Private Placement was completed pursuant to the LIFE Exemption, the securities issued to Canadian resident subscribers in the Private Placement are not subject to certain resale restrictions under applicable Canadian securities laws (aside from the Hold Period).

There is an offering document dated October 27, 2025 related to the Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at https://refinedenergy.com. This offering document contains additional detail regarding the Private Placement, including additional detail regarding the expected use of proceeds from the Private Placement.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Refined Energy Corp

Refined is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. The Dufferin Project in the Athabasca Basin is the flagship project of Refined and a drill program is planned for 2026. Refined also has an option to earn up to a 100% interest in the Basin and Milner uranium properties in Saskatchewan. The Company continues to review other mineral properties in North America for possible acquisition in the future.

For further information, please contact
Eli Dusenbury
Chief Financial Officer
+1 (604) 398-3378
info@refinedenergy.com