American Future Fuel Corporation announced additional downhole radiometric survey results from the Phase 1 drilling program at the Company's Cebolleta Uranium Project located in the Grants Uranium Mineral Belt. Results continue to be very encouraging as the radiometric equivalent U308 grade (% e U3O8) values for two additional confirmation holes closely match historical data from near the same locations. Century Wireline Services completed the downhole radiometric survey (i.e. natural gamma log) of the Company's completed drill holes and reported the following results: These holes are 2 of 21 planned drill holes comprising Phase 1 of a three-phase confirmation drilling program designed to test multiple generations of historical data in support of a new mineral resource estimate calculation to be completed at Cebolleta.

Key elements to evaluate current results with historic data are lithology along with depth, amplitude and peaks of mineralization. As part of the confirmation program, the Company is also evaluating the radiometric equilibrium of uranium mineralization using chemical assays of core samples to compare with radiometric results.ohio completed extensive equilibrium studies at the Project and determined there was a consistent trend of chemical assays exceeding radiometric assays1. Cebolleta is an advanced uranium exploration project with a historical uranium Inferred Mineral Resource of 5.6M tons (5.1M tonnes) at an average grade of 0.17% eU3O8 containing 18.98M lbs (8,600 tonnes) U3O8 according to a 2014 NI 43-101 Technical Report commissioned by previous owner, Uranium Resources Inc.2 The reliability of the historical estimate is considered reasonable, but a qualified person has not done sufficient work to classify the historical estimate as a current Mineral Resource and the Company is not treating the historical estimate as a current mineral Resource.