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Anfield Announces Receipt of NI 43-101 Mineral Resource Technical Report for Red Rim Uranium Project

Anfield Resources Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) ("Anfield" or "the Company") is pleased to announce the receipt of an NI 43-101 mineral resource technical report for the Red Rim uranium project, entitled "Red Rim Uranium Project, Mineral Resource Technical Report, National Instrument 43-101, Carbon County, Wyoming, USA" and dated March 31, 2017 (the "Red Rim Report"). Further to Anfield's news release of March 21, 2017, the Red Rim Report is the first in a series of NI 43-101 technical reports related to Anfield's 24 Wyoming uranium projects. The report was completed by BRS, Inc., a consulting and engineering firm with nearly 40 years of experience assessing Wyoming uranium projects.

The resource estimate includes:

an Indicated Resource of 336,655 tons of mineralized material with an average grade of 0.170% (equivalent to an Indicated Resource of 1,142,449 pounds of U3O8); and
an Inferred Resource of 472,988 tons of mineralized material with an average grade of 0.163% (equivalent to an Inferred Resource of 1,539,447 pounds of U3O8).

Corey Dias, Anfield's CEO stated, "This report is a significant first step in identifying and delineating the uranium resource on the Company's properties in Wyoming, an important part of our multi-state U.S. portfolio. Over the coming months we aim to delineate further uranium resources on our acquired Wyoming properties and plan to identify the most prospective. Crucially, Anfield has a Resin Processing Agreement in place with Uranium One in Wyoming whereby it can process up to 500,000 pounds of uranium per year at Uranium One's Irigaray Central Processing Plant, and the pairing of a future viable uranium resource with that Agreement would place Anfield in a strong position to take advantage of the expected uranium price rebound.

This expected rebound converges with Anfield's strategy of acquiring quality uranium assets and proceeding with disciplined, staged development. We are confident that developing these Wyoming Properties, in line with Company strategy, will be a significant step towards becoming a top-tier U.S. uranium producer."

A summary of the Indicated Mineral Resource included in the Red Rim Report is presented in Table 1.1. A summary of the Inferred Mineral Resource included in the Red Rim Report is presented in Table 1.2.

Table 1.1 Indicated Mineral Resources

GT minimum

Pounds % eU3O8


Average Grade %eU3O8





Table 1.2 Inferred Mineral Resources

GT minimum

Pounds % eU3O8


Average Grade %eU3O8





Mineral resources are not mineral reserves and do not have demonstrated economic viability in accordance with CIM standards. Inferred Mineral Resources are too speculative geologically to have the economic considerations applied to them which would enable them to be categorized as mineral reserves.

The Red Rim project comprises approximately 1,000 acres of the mineral holdings of Anfield, and includes 49 unpatented mining lode claims located approximately 20 air miles southwest of Rawlins, Wyoming. The data used in the report utilizes drill intercept data from 2 core holes and 136 rotary drill holes, including drill intercepts and geophysical logs.

The Red Rim project is located in an area that is the winter range for Pronghorn antelope. This may result in seasonal stipulations for field activities, including drilling. To the best of our knowledge there are no other legal or environmental matters that could materially affect the potential development of these resources.

Radiometric equilibrium was assumed.

A unit weight of 125 pounds per cubic foot or 16 cubic feet per ton was assumed, based on the Author's experience working in operating mines in the Gas Hills within similar tertiary sandstone uranium deposits where reserve estimates were routinely compared to actual production.

For indicated mineral resources the mineralized trend was bracketed by drilling and mineral resources were estimated using the GT contour method.

For inferred mineral resources, where the mineralized trend was not fully defined by drilling, at the interpreted location of the oxidation/reduction interface a thickness of 6 feet thick at an average grade of 0.15% eU3O8 was assumed. Further it was assumed that mineralization in excess of a 0.5 GT extended approximately 50 feet either side of the interpreted oxidation/reduction interface and that mineralization grading down to a GT of 0.1 extended an additional 50 feet beyond that. These assumptions were based on the areas of close spaced drilling where indicated mineral resources were estimated. GT contouring was completed within these limits and honored available drill data.

NI 43-101 Disclosure

The NI 43-101 Resource Technical Report completed for Red Rim has been authored by Douglas L. Beahm, P.E., P.G. Principal Engineer, of BRS Inc. The author has reviewed and approved the technical content of this news release.

A technical report on the Resource Technical Report will be published on the System for Electronic Analysis and Retrieval ("SEDAR") and the Company's website within the 45 days permitted under NI 43-101.


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