Anfield Resources Announces Early Exercise Warrant Incentive Program

VANCOUVER, BC--(Marketwired - August 03, 2017) - Anfield Resources Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) ("Anfield" or "the Company") is pleased to announce that it will immediately implement an incentive program to encourage the early exercise of up to 3,750,000 warrants issued on August 25, 2015, 6,200,000 warrants issued on March 15, 2016, 7,412,882 warrants issued on June 19, 2016, 4,347,825 warrants issued on September 18, 2016 and 28,880,615 warrants issued on March 3, 2017 (collectively, the "Warrants").

In accordance with the terms of the program, the exercise price of the Warrants will be temporarily reduced to allow warrantholders to acquire 1.6 common shares of the Company for $0.10. This equates to an effective exercise price per Warrant of $0.0625. In order to qualify for the program, any Warrants must be exercised prior to 5:00 p.m. PST on August 25^th, 2017. Any Warrants which are not exercised prior to the deadline will continue to be exercisable in accordance with their terms. In accordance with the policies of the TSX Venture Exchange, following expiry of the program no further amendments to the terms of the Warrants or additional exercise incentive programs will be permitted.

Warrantholders looking to participate in the program are encouraged to contact the Company at:
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604-687-0300

About Anfield

Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below:

Arizona/Colorado/Utah - Shootaring Canyon Mill

The key asset in Anfield's existing portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.

Anfield's uranium assets consist of conventional mining claims and state leases in southeastern Utah, Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield's conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.

Wyoming - Irigaray ISR Processing Plant (Resin Processing Agreement)

Anfield's ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming, and comprise 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September 2016.

Anfield has agreed to enter into a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One's Irigaray Central Processing Plant in Wyoming.