Anfield Resources Profile

Anfield Resources (ANLDF) is a uranium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. With the recent acquisition of 24 uranium projects in Wyoming, along with a Resin Processing Agreement to complement its existing conventional uranium mill and near-term production assets, Anfield is well-positioned to benefit from the growing global demand for energy.

Anfield Resources’ intent is twofold:

Advance its Wyoming properties in order to leverage the Resin Processing Agreement between Anfield and Uranium OneRestart its Shootaring Canyon Mill in Utah to process nearby uranium resources. As well, the potential development of vanadium assets is being evaluated.

Corporate Strategy

Participate in conventional uranium production to leverage larger-scale, longer-term production opportunities in a higher-price uranium environment.Participate in ISR uranium production to leverage near-term production opportunities in a lower-price uranium environment.Create a robust U.S.-based energy company, with significant potential production upside, through both organic growth and asset acquisitions.

Wyoming Properties

Anfield holds 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases in Wyoming that cover 24 uranium projects in six active project areas:

Black Hills – one projectGreat Divide Basin – seven projectsLaramie Basin – one projectPowder River Basin – nine projectsShirley Basin – two projectsWind River Basin – four projects

Anfield has also acquired a database of drilling and geologic work done by Uranium One that includes 575 drill holes totaling approximately 395,000 feet of drilling.

Shootaring Canyon Mill

Anfield Resources acquired the Shootaring Canyon Mill from Uranium One in 2015.

Located approximately 48 miles (77 kilometers) south of Hanksville, Utah.One of three licensed conventional uranium mills in the United States.Conventional acid-leach facility licensed to process up to 750 tons of ore per day.Built in 1980; commenced operations in 1982 and operated for approximately 6 months; ceased operations due to depressed price of uranium.During its period of operation, it produced and sold 27,825 pounds of U3O8.Surface stockpiles at the facility include an estimate of 370,000 pounds of U3O8 at an average grade of 0.147%.

Historical Resources

Velvet-Wood Deposit

The most advanced asset in Anfield’s uranium portfolio.Between 1979 and 1984 approximately 400,000 tons of ore were mined from the Velvet deposit at average grades of 0.46% U3O8 and 0.64% V2O5 (recovering approximately 4 million pounds of U3O8. and 5 million pounds of V2O5).Some underground infrastructure is already in place at the Velvet mine, including a 3,500 ft. long, 12’ x 9’ decline to the ore body.The historical mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U3O8 at an average grade of 0.285% U3O8 (measured and indicated resource) and 638,500 pounds of U3O8 at an average grade of 0.173% U3O8 (inferred resource).

Frank M Deposit

Located approximately 12 km north of the mill in Utah.Historical mineral resource estimate of 2.2 million pounds of U3O8 at an average grade of 0.101%.

Breccia Pipes

The Findlay Tank Breccia Pipes are located in northern Arizona.Findlay Tank Breccia Pipe: Historical mineral resource estimate (inferred) of 954,000 pounds of U3O8 at an average grade of 0.23%.Average grade of breccia pipe deposits is typically higher than other U. S. uranium deposits.

Anfield Resources

Measured, Indicated and Inferred Uranium Resources (Includes Historical Resources)