VANCOUVER, British Columbia, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. ("Refined" or the "Company") (CSE:RUU, OTC:RRUUF, FRA: CWA0)) announces effective November 21, 2025, the Company will extend the expiry date of an aggregate of 2,585,835 outstanding common share purchase warrants (the "Warrants") by one year, such that the Warrants, which had been scheduled to expire on November 29, 2025, will now have an expiry date of November 29, 2026 (the "Warrant Amendment"). All other terms of the Warrants will remain unchanged. The Warrant Amendment remains subject to acceptance by the Canadian Securities Exchange.

The Warrants were originally issued on November 29, 2021, pursuant to a private placement of units of the Company (each, a "Unit") at a price of $0.12 per Unit. Each Unit consisted of one common share of the Company ("Share") and one Share purchase warrant exercisable at $0.15 until November 29, 2023 (the "Original Expiration Date"). In November 2023, the Original Expiration Date was extended by one year to November 29, 2024, and in November 2024, the expiration date was extended by another year to November 29, 2025. With this Warrant Amendment, the new expiration date will be November 29, 2026.

After giving effect to two consolidations of the Company's securities both on the basis of two pre-consolidation securities for one post-consolidation security, effected on each of June 30, 2022, and February 15, 2024, the Warrants are currently each exercisable at $0.60 into a Share. The Company is proposing to undertake the Warrant Amendment in order to provide holders of the Warrants with an extended ...