Anfield Resources Corporate Presentation April 2017 Anfield Resources Inc. is a uranium 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. With the recent acquisition of 24 uranium projects in Wyoming, along with a Resin Processing Agreement, to complement its existing conventional uranium mill and near-term production assets, Anfield is well positioned to benefit from the growing global demand for energy. Anfield is listed on the TSX-Venture Exchange (ARY-V), the OTCQB (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield’s team is comprised of a dynamic group of industry professionals whose vast experience in both the resource and finance sectors is complementary to their resourcefulness, creativity, and unrelenting focus on Anfield becoming a leading uranium development and production company. Anfield’s intent is twofold: 1) to advance its Wyoming properties in order to leverage the Resin Processing Agreement between Anfield and Uranium One; and 2) to restart its Shootaring Canyon Mill in Utah to process nearby uranium resources. As well, the potential development of vanadium assets is being evaluated.

1. A N U P - A N D - C O M I N G E N E R G Y M E TA L S P R O D U C T I O N C O M PA N Y
August 2017
“ T h e r i g h t p r o j e c t s i n t h e r i g h t p l a c e a t t h e r i g h t t i m e ”

2. Safe Harbour
All statements, other than statements of historical fact, contained in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of
1995, and “forward-looking information” under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of the Company as of the date of this presentation. Forward-
looking statements and forward-looking information include, without limitation, possible events, trends and opportunities and statements with respect to possible events, trends and opportunities, including with
respect to, among other things, the growth of the phosphate market, global market trends, expected industry demands, the Company’s business strategy and investment criteria, the nature of potential business
acquisitions, costs and timing of business acquisitions, capital expenditures, successful development of potential acquisitions, currency fluctuations, government regulation and environmental regulation.
Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward-looking information are necessarily based upon a number of estimates and assumptions that, while considered
reasonable by the company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions contained
in this presentation, which may prove to be incorrect, include, but are not limited to, the various assumptions of the company set forth herein. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements and forward-looking information. Such factors include, but are not limited to fluctuations in the supply and demand for uranium, changes in
competitive pressures, including pricing pressures, timing and amount of capital expenditures, changes in capital markets and corresponding effects on the company’s investments, changes in currency and
exchange rates, unexpected geological or environmental conditions, changes in and the effects of, government legislation, taxation, controls and regulations and political or economic developments in jurisdictions
in which the Company carries on its business or expects to do business, success in retaining or recruiting officers and directors for the future success of the Company’s business, officers and directors allocating
their time to other ventures; success in obtaining any required additional financing to make target acquisition or develop an acquired business; employee relations, and risks associated with obtaining any
necessary licenses or permits. Many of these uncertainties and contingencies can affect the company’s actual results and could cause actual results to differ materially from those expressed or implied in any
forward-looking statements and forward looking information made by, or on behalf of, the Company. There can be no assurance that forward-looking statements and forward-looking information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking statements and forward-looking information made in this presentation are
qualified by these cautionary statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-
looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-
looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable
securities laws. Timelines used in this presentation are for the purpose of aiding management in the planning and implementation of the project, and are not based on a detailed assessment of project
requirements. Consequently the timelines are subject to material revision based on when technical reports and/or feasibility studies, if any, are completed. Future phases of the project are contingent upon
completion of preceding phases. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction. TECHNICAL DISCLAIMER: This
presentation contains references to historical resources. Anfield is not treating the historical estimates as current mineral resources or mineral reserves. A qualified person has not done sufficient work to classify
the historical estimates as current mineral resources or mineral reserves. All historical resources referenced in this report, unless otherwise noted, are from technical reports prepared by well-known mineral
exploration and mining consulting firms using current CIM standards and terminology. The Company intends to work with the same groups to complete the reports such that they comply with all requirements of NI
43-101. R. Tim Henneberry, P.Geo. (British Columbia) a member of the Anfield Advisory Board, is the Qualified Person who has reviewed and approved the technical content of this presentation.
2

3. Company snapshot
Corporate Information
Exchange/Symbol
TSX Venture ARY
OTCQB ANLDF
Frankfurt OAD
As of July 2017
Shares Outstanding 164.1 million
Fully diluted 270.5 million
52-week range $0.05-$0.31
Recent price $0.06
Market capitalization $9.8 million
Major shareholders
Management and insiders ~8%
U.S. Energy Corporation ~8%
Uranium One ~5%
3
2.5M
2.0M
1.5M
1.0M
0.115
0.110
0.100
0.095
0.085
0.080
0.075
0.055
0.080
5000
0.065
ARY.V (Daily) 0.055 (26 Jul) MA (50) 0.065 MA (200) 0.089 VOLUME 5,000
0.070
0.105
0.089
500K
Mar JunApr May Jul

4. Investment Thesis
Anfield provides a positive risk/reward balance:
Country risk
Low as U.S. is a
safe jurisdiction
Financial risk
Low due to low capex
and opex for ISR
Permitting risk
Low because Anfield’s assets
are located in mining states,
have existing permits, no native
issues or environmentally sensitive
areas
Management/Director risk
Low due to experience
of mining team
Technical risk
Low due to Anfield’s portfolio
of previously producing mill
and mines
Commodity risk
Uncovered demand
high starting in 2017
4

5. Anfield Strategy
Participate in conventional uranium
production to leverage larger-scale,
longer-term production opportunities
in a higher-price uranium environment.
Participate in ISR uranium production
to leverage near-term production
opportunities in a lower-price uranium
environment.
Create a robust U.S.-based energy
company, with significant potential
production upside, through both organic
growth and asset acquisitions.
5

6. Anfield: conventional assets
Shootaring Canyon Mill (Utah)
! 750 tpd conventional uranium mill acquired
in 2015 from Uranium One
! One of only three licensed, permitted and constructed
uranium mills in existence in the U.S.
Velvet-Wood Mine (Utah)
! Mine acquired in 2015 from Uranium One
! 4.6Mlbs of M&I uranium resource
! 2016 PEA: up to 41% pre-tax IRR
Surface stockpiles (Utah)
! Potential source of near-term, low-cost revenue
generation 2016 PEA: up to 41% pre-tax IRR
Other mines and exploration assets
! Frank M, Findlay Tank
! Henry Mountains
Royalties (Utah/Colorado/ South Dakota)
! Four royalties on the projects of three publicly-
traded uranium companies
Shootaring Canyon Mill
6

7. Anfield: ISR-amenable assets and toll milling
Anfield acquired 24 ISR uranium projects
from Uranium One in Wyoming in September 2016
! US$6.1M, paid over a five-year period
Anfield also signed a toll-milling agreement with Uranium
One
! Multi-year term during which Uranium One will process up to
500,000 pounds of uranium on behalf of Anfield at its Irigaray
processing plant
! Anfield can also buy and borrow uranium from Uranium One
in order to fulfill any utility sales contracts it signs
Wyoming
Map
Area
Johnson
Campbell
Douglas
Converse
Albany
Carbon
Bairoil
Rawlins
Fremont
Jeffery City
Carbon
Natrona
Gillette
GAS HILS
HORSE
CREEK
CLARKSON
HILL
Casper
CROSS
ROADS
SAND
CREEK
SOUTH PINE
RIDGE
PINE
RIDGE
TAYLOR
RANCH
RENO
CREEK
PUMPKIN
CREEK
NILES
RANCH
NINE MILE
MULE
CREEK
CENTRAL
SHIRLEY
BASIN EAST
SHIRLEY
BASIN
WEST
CROOKS
CREEK
WEST
BEAVER
RIM
WEST
SWEETWATER
SOUTH
SWEETWATER
STEWART
CREEK
BULL
SPRINGS
RED
RIM
ARH WY
Corp.
Anfield is not treating the historic uranium estimates as current mineral resources or mineral reserves. A
qualified person has not yet done sufficient work to classify the historic estimates as current mineral
resources or mineral reserves. The historic estimates referenced herein are from reports prepared by
well-known mineral exploration and mining consulting firms using current inferred Mineral Resource CIM
standards and terminology. Thus, the Company considers the historic estimates to be reliable.
7

8. Anfield Strategy in practice
Create a robust U.S.-based energy company, with
significant production upside, through both organic
growth and asset acquisitions
! Two acquisitions, including both internal
and external uranium production access
Participate in ISR uranium production to leverage near-
term production opportunities in a lower-price uranium
environment
! Wyoming ISR uranium asset acquisition
Participate in conventional uranium production
to leverage larger-scale, longerterm production
opportunities in a higher price uranium environment
! Utah/Arizona/Colorado Conventional
uranium asset acquisition
ISR
Production
assets
Exploration
assets
Conventional
production
assets
8

9. M&A activity – a strength
Since 2013, Anfield has been conducting M&A activity:
Uranium assets acquired in Colorado, Arizona and Utah
(2013 and 2014)
! YR, MAG and Alamosa transactions secured uranium
assets with past-producing mines
Conventional uranium assets acquired from U1 in 2015
! Mill, mines with resources, surface stockpiles and royalties
Non-core breccia pipe asset divested
! 50% of Wate breccia pipe project sold to partner
Energy Fuels in 2015
Exploration database acquired from US Energy
Corporation in 2016
! Data related to Wyoming, Utah and Colorado
Wyoming ISR assets acquired from U1 in 2016
! 36.8Mlbs of historic resource
! Resin Processing Agreement
Wate brecciapipe (50%) - 2015
ISR uraniumassets - 2016
Conventionaluranium assets -2015
YR, MAG and Alamosauranium developmentassets – 2013, 2014
Divestitures Acquisitions
9

10. Anfield: M&I & Inferred uranium resource
Anfield
Resources
Project
Measured Indicated Inferred Total Measured & Indicated
Tons Grade Pounds Tons Grade Pounds Tons Grade Pounds Tons Grade Pounds
Velvet 1 362,600 0.27% 1,966,000 71,200 0.38% 548,000 76,000 0.34% 517,500 433,800 0.29%
Wood 1 377,000 0.28% 2,113,000 11,000 0.16% 34,500 377,000 0.28% 2,514,000
Red Rim 2 336,655 0.17% 1,142,449 472,988 0.16% 1,539,447 336,655 0.17% 2,113,000
South
Sweetwater
3 166,000 0.07% 217,000 36,000 0.09% 66,200 95,200 0.07% 133,000 202,000 0.07% 1,142,449
Clarkson Hill 4 753,611 0.06% 939,888 283,200
Frank M 5 1,095,000 0.10% 2,210,000 42,000 0.05% 75,000 1,095,000 0.10%
Findlay Tank 6 211,000 0.23% 954,000 2,210,000
528,600 2,183,000 1,915,855 6,079,649 1,661,799 4,193,335 2,444,455 8,262,649
Source:
1 Velvet-Wood Mine Uranium Project, Preliminary Economic Assessment, Utah USA, June 15 2016, BRS Inc.
2 Red Rim Project, 43-101 Mineral Resource Report, Wyoming USA, March 31 2017, BRS Inc.
3 South Sweetwater Uranium Project, Sweetwater County, Wyoming USA, 43-101 Mineral Resource Report, December 30 2008, BRS Inc.*
4 Clarkson Hill Uranium Project, 43-101 Mineral Resource Report, Natrona County, Wyoming USA, February 26 2008, BRS Inc.*
5 Frank M Uranium Project, 43-101 Mineral Resource Report, Garfield County, Utah USA, June 10 2008, BRS Inc.*
6 Findlay Tank SE Breccia Pipe Uranium Project, Mohave County, Arizona USA 43-101 Mineral Resource Report, October 2 2008, BRS Inc.*
Anfield is not treating the historic estimates for Red Rim, South
Sweetwater, Clarkson Hill, Frank M and Findlay Tank as current
mineral resources or mineral reserves. A qualified person has not
yet done sufficient work to classify the historic estimates as current
mineral resources or mineral reserves. The historic estimates
referenced herein are from reports prepared by well-known mineral
exploration and mining consulting firms using current inferred
Mineral Resource CIM standards and terminology. Thus, the
Company considers the historic estimates to be reliable.
10

11. Steps to uranium production
Step One
Step Three
Step Two
ISR well field development and
satellite plant construction
Resin Processing Agreement:
up to 500,000 pounds of
uranium per year
Conventional uranium mill
refurbishment and mine
licensing, permitting and restart
Licensed production
capacity: 1,000,000 pounds of
uranium per year
ISR and conventional uranium
production: a combined
1,500,000 pounds of uranium
production capacity per year
11

12. Potential catalysts
Resource estimate reports
! Wyoming ISR properties
! Utah/Colorado/Arizona properties
Licensing/permitting of Wyoming properties
Further asset acquisitions – U.S.
! Both conventional and ISR properties
! Yellowcake inventory
Utility Sales Contracts – addition of VP
Uranium Sales & Marketing
12

13. Peer comparison
Company
Recent
share
price
Market
cap
(C$MM)
M&I
resource
(Mlbs)
Inferred
resource
(Mlbs)
Mkt.
cap/
M&I
ISR
production
infrastructure
Conventional
production
infrastructure
F/X
rate
Cameco $12.69 $5,023 902 248 $5.57 Yes Yes
NexGen $3.01 $1,018 180 122 $5.66 No No
Fission $0.67 $325 81 27 $4.01 No No
UEC US$1.69 $299 32 42 $9.34 Yes No $1.28 $US
Energy
Fuels
$2.17 $152 83 51 $1.83 Yes Yes
Ur-energy $0.84 $123 22 6 $5.57 Yes No
Peninsula AU$0.36 $82 39 72 $2.11 Yes No $1.00 $AU
Average $4.87
Anfield $0.06 10 8 4 $1.19 Yes Yes
13

14. A quick look at nuclear reactors
446 reactors currently
operating worldwide
59 reactors currently
under construction
7 421 46
538 reactors planned,
proposed or ordered
10GWadded in 2015
The highest
year-over-year
increase in 25
years. Nuclear
power growth
boosted by
worldwide clean
energy drive.
Global reactor growth
600
500
400
300
200
100
0
Construction Planned Proposed Operable Pipeline
Source: WNA
14

15. China – driver of nuclear growth
China currently has 36 operational nuclear
reactors with capacity of 33,000 MW
China also has 21 reactors under construction
(23,000 MW) and 215 reactors planned or proposed
(247,000 MW)
By 2020, China is expected to have 88,000 MW
of capacity either operational or under construction
By 2030, China will need 200,000 MW in order
to meet its government’s emissions targets
! Will surpass the U.S.A. as having the greatest
capacity for generation of nuclear power
! Plans to build 110 reactors by 2030
Moratorium on new coal power plants
15

16. Growth in uranium demand continues to outpace supply
300
250
200
150
100
50
0
Uranium(MlbU308e)
2025E2023E2021E2019E2017E2015A2013A2011A
Existing
Production
New Production
and Expansions
Secondary Supply
and Inventories
BMO Demand
Forecast Inc. BIB*
Source: BMO Capital Markets. *BIB = Buffer Inventory Build
! Uranium demand in 2016 was not
met by primary production supply
(i.e. ~180Mlbs versus ~150Mlbs) .
! Secondary supply sources remain,
but cannot be sustained as there
is a finite amount of product .
! At the current uranium spot price,
new mines are not opening as there
is no financial incentive to do so as
new mines would require a price
closer to $60 per pound in order to
operate profitably.
16

17. Utilities will need to return to contracting to secure supply
Utility Uranium Requirements
(million pounds U3O8 – per UxC Q2’2017)
Source: UxC. *Covered does not include inventory build
! Utilities are currently taking advantage
of the historically-low uranium spot price by deferring
long-term contract negotiations with suppliers
! According to UxC, this may lead to uncovered
demand of 25% by 2019, with uncovered contract
rising significantly thereafter
! Long-term contract volumes generally reach 200Mlb/
year; however, between 2011 and 2016, contract
volumes remained closer to 100Mlb/year
! Long-term contracts which began in the
2006 to 2008 period are now ending
! Utilities will need to begin contracting in
2017/18 in order to meet uncovered demand
17
200
150
100
50
0
2018 2030202620222020 2024 2028
Covered*
Uncovered
Non-US Utilities
Uncovered US Utilities
250

18. Summary
1
Anfield now
has significant
exposure to lower-
cost, smaller-scale
and nearer-term
production via its
Wyoming ISR uranium
asset acquisition
2
Anfield’s ISR
properties
complement its
higher-cost, larger-
scale and longer-term
conventional uranium
assets
3
With uranium supply
remaining relatively
flat and uranium
demand growing
worldwide, utilities will
soon look to re-
engage producers in
order to cover their
current shortfall
of contracted fuel
4
However, limited
uranium supply
will force prices
upward due
to increased
competition for a
limited resource
5
Anfield will
benefit from
increased uranium
supply/demand
imbalance as it will
facilitate Anfield’s
two-pronged
production approach
18

19. Management and Directors
! Corey Dias, CEO and Director
former equity research analyst, fund manager and strategy
consultant with CIBC, Fortress Investment Group and Monitor
Group, respectively; Master of Business Administration
(Western University)
! Scott Lumadue, VP Uranium Sales and Marketing
38 years of nuclear-related experience with ConverDyn,
Duke Energy, Uranium One and Nuexco
! John Eckersley, VP Legal and Regulatory Affairs
U.S.-based attorney with 30 years of experience,
including 10 years with publicly-traded companies
! Don Falconer, Director
35 years experience in uranium and nuclear utility sectors
in both public and private spheres; senior management
and Director positions with numerous uranium companies,
including Uranium One, Southern Cross, Energy Fuels,
AusAmerican Mining and Ontario Hydro
! Joshua Bleak, Director
4th-generation miner from Arizona with extensive resource
development experience in southwestern U.S.A; formerly
President of American Energy Fields, a junior uranium company
! Jim Rasmussen, Director
40 years experience as senior geologist; involved in all stages
of mining process from exploration to mine development;
formerly with Energy Fuels and Uranium One
! Leonard (Toby) Wright, Director
20 years experience as registered geologist and environmental
consultant; involved in numerous ISR and conventional uranium
projects in the U.S.A.; Master of Geotechnical Engineering
(Colorado State)
! Steve Butrenchuk, Director
over 40 years experience in mining and mineral exploration,
development and operations; has served as a senior officer
and Director of several public resource companies and spent 16
years with Cominco in a senior geologist management role.
19

20. To reach Anfield, please contact us:
Anfield Resources Inc.
608-1199 West Pender Street
Vancouver, BC V6E 2R1
604-687-0300
info@anfieldresources.com
Canada
Anfield Resources Inc.
3346 Guadalupe Road
Apache Junction, AZ 85120
480-288-6530
info@anfieldresources.com
USA