2022-07-29 | CSE:EVG | Press release

VANCOUVER, British Columbia, July 29, 2022 (GLOBE NEWSWIRE) — American Future Fuel Corporation (CSE: AMPS; Frankfurt: K14WKN: A3DQFB) (the “Company” or “American Future Fuel”) is pleased to announce that over the past few months we have put in place plans to execute our exploration program at Cebolleta. The Company plans to conduct future drilling on the project with an emphasis on direct confirmation drilling to confirm the historical resource with the strategy to produce a 43-101 compliant resource. Additional drilling is also contemplated in the historical drilling pattern as infill drilling; with the intention of adding confidence in the continuity of the mineralization of the Project’.

Long conference calls and discussions with EnCore Energy and knowledgeable geologists with years of experience on Cebolleta, give me confidence in our project,” says Luke Montaine, CEO of the company. “Years of data dating back to the 1950s are compiled into a single data room for easy understanding. Our project has past production, in a well-known uranium jurisdiction, and a historical resource calculation that we look forward to updating. It has come to our attention that areas have yet to be explored which could imply more pounds in the ground if drilling proves successful.

The Company looks forward to the next drilling season and will update shareholders on our progress.

ABOUT FUEL OF THE AMERICAN FUTURE

American Future Fuel Corporation is a Canada-based resource company focused on the strategic acquisition, exploration and development of alternative energy projects. The Company owns a 100% interest in the Ceboletta uranium project, located in Cibola County, New Mexico, United States, and located within the Grants Mineral Belt, a prolific mineral belt responsible for approximately 37% of all uranium produced in the United States of America. . Future Fuel’s Ceboletta Uranium Project is an advanced exploration project with a historical resource estimate of approximately 19,000,000 pounds of uranium.

On behalf of the Board of Directors,

AMERICAN FUTURE FUEL CORPORATION

Luc Montaine, General Manager

For more information, contact:

Luke Montaine at [email protected]

This press release includes certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ. and future events differ materially from those expressed or implied. by such forward-looking statements. These factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; uncertain financial markets; and delay or failure to obtain regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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Luisa D. Fuller