Anfield Energy Inc. announced that it has entered into a definitive agreement with ACCO Resources (the Seller), an arms- length party, to acquire a 100% interest in 115 unpatented mining claims and associated data covering more than 2,300 acres of the Dripping Springs Quartzite uranium project, located in Gila County, Arizona. While the Company has not yet identified a uranium resource on its claims, studies of the greater Dripping Springs region have confirmed uranium resource in the vicinity. For example, a historical uranium resource estimate prepared by Dravo Engineers (August 1980) as part of a feasibility study for the Dripping Springs Quartzite area, using a cut-off grade of 0.05%, returned 4.4 million tons containing approximately 9.8 million pounds.

This historical mineral resource also encompasses Uranium Energy Corp.'s Workman Creek project. While the Company cautions that the presence of mineralization in the vicinity of the claims to be acquired by the Company is not necessarily indicative of mineralization that may existing on those claims, it is indicative of the mineralization hosted regionally in the Dripping Springs Quartzite area. As consideration for the claims and associated data, the Seller will receive USD 50,000 in cash and 15 million common shares (the Consideration Shares) of Anfield.

Completion of the acquisition of the Claims, and the issuance of the Consideration Shares, remains subject to the approval of the TSX Venture Exchange. Following issuance, the Consideration Shares will be subject to statutory restrictions on resale for a period of four-months-and-one-day. No finders' fees or commissions are owing by the Company in connection with the acquisition of the Claims.