Anfield Resources Inc. Renews Permits with Utah School & Institutional Trust Lands Administration and Reports on Uranium Market

- Company renewed nine mineral leases covering 5,700 acres on Utah State Trust Land

- Weekly U3O8 spot price up US$0.85 to US$36.50(lb), reinforcing Anfield's decision to strategically build out its uranium property portfolio

- U3O8 spot price up 28% over the last three months

- Japanese city votes to restart two reactors at Sendai nuclear power plant

VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / November 4, 2014 / Anfield Resources Inc. (TSX.V: ARY)ANLDF 0AD ("Anfield" or "the Company") is pleased to report that it has renewed the nine mineral leases on Utah State Trust Land that were issued to the Company in December of last year. The leases cover over 5,700 acres (2,306 hectares) and lie within past producing uranium mining districts in southeastern Utah. The leases are complementary with the Company's other uranium holdings in the Henry Mountains District, the Montezuma Canyon District, and the Green River District.

URANIUM MARKETS

The uranium spot price continues to trend upwards and the Company notes a $0.85 gain this week to US$36.50 (lb), as reported by UxC, one of the nuclear industry's leading consulting companies. Over the past three months, the spot price has increased by roughly 28%.

The industry also took another significant step forward with the report from Japan that the city assembly of Satsumasendai has voted to restart two reactors at the Sendai nuclear power plant. Dundee Capital Market analyst David Talbot, in a research note, wrote that the Sendai news could possibly provide a boost for the price of uranium. As UxC notes in their Q3 2014 Uranium Market Outlook: "The market that we now find ourselves in is like no other in the history of uranium. Production is far below requirements, which are growing." Talbot also noted that, with uranium prices up 28 percent over the past three months and uranium stocks trading down 22 percent over the same period, this is a perfect entry point for investors to get back in the uranium market.

Corey Dias, CEO of Anfield, stated: "Considering the current positive signs in the industry, we are optimistic that the price of uranium will continue trending upward. With the pending acquisition of both the Shootaring Canyon Mill and the conventional land package from Uranium One, together with Anfield's existing holdings including the renewed Utah State leases, we feel that Anfield is well positioned to take advantage of burgeoning demand for nuclear power."

About Utah School & Institutional Trust Lands Administration

The School and Institutional Trust Lands Administration works to generate revenue from Utah's trust lands to build and grow the perpetual endowments for state institutions designated by Congress in 1894. Utah's public school system is the largest beneficiary, holding 96% of all Utah trust lands.

The Administration manages the land portfolio for each beneficiary, generating revenues through oil, gas, and mineral leases, rents, and royalties; real estate development and sales; and surface estate sales, leases, and easements. Revenues generated from each real estate portfolio are placed into individual trust funds, which are invested by the state treasurer. Income earned from each trust fund is distributed to its beneficiary.

About Anfield's Uranium Properties

Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy 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 (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on the acquisition and development of an array of strategic energy metals projects as summarized below:

Uranium
Upon the closing of the Shootaring Transaction, the key asset in Anfield's portfolio will be the Shootaring Mill in Garfield County, Utah. The Shootaring 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.

Upon the closing of the Shootaring Transaction, Anfield's uranium assets will include mining claims and state leases in southeastern Utah, Colorado, South Dakota and Arizona totalling nearly 65,500 acres (26,507 hectares), targeting areas where past uranium mining or prospecting occurred. Upon the closing of the Shootaring Transaction, Anfield's uranium assets will contain a historical measured and indicated U3O8 resource estimate of 6.8 million pounds and will lie within a 125-mile radius of the Shootaring Mill. The flagship resource asset will be the Velvet-Wood Deposit that contains a historical resource estimate of measured and indicated U3O8 at an average grade of 0.285%, and had past production of 4 million pounds of U3O8 at an average grade of 0.46%.

Note on Historical Estimates: Anfield is not treating the historical estimates referred to above as current mineral resources or mineral reserves. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The tonnages, grades and sources of the 6.8 million pound historic resources referred to above are as follows: Velvet 363,000 measured tons at 0.271% U3O8 for 1,966,000 pounds and 71,000 indicated tons at 0.384% U3O8 for 548,000 pounds (Velvet Mine Uranium Project, San Juan County, Utah USA 43-101 Mineral Reserve and Resource Report dated 10-December-2008); Wood 377,000 indicated tons at 0.280% U3O8 for 2,113,000 pounds (Wood Uranium Project, San Juan County, Utah USA 43-101 Mineral Reserve and Resource Report dated 10-December-2008); and Frank M 1,095,000 indicated tons at 0.101% U3O8 for 2,210,000 pounds (Frank M Uranium Project, 43-101 Mineral Resource Report, Garfield County, Utah USA dated 10-June-2008). All reports were prepared by BRS, Inc.

Copper
The Binghampton Copper Queen (BCQ) project, located 17 miles (27 km) southeast of Prescott, Arizona, and within the Arizona VMS Belt, consists of 5,021 acres (2,032 hectares) of both patented and State land, with two past-producing mines on the property.

The North Star Copper Project, located less than 50 miles (80 km) northwest of Tucson, consisting of 200 mining claims covering approximately 4,000 acres (1,619 hectares), targets relatively shallow oxide copper at the historic North Star site in the heart of copper country in southern Arizona.

The Aura Project, a nascent copper operation in Atacama, Chile, is located 20 miles (32 km) east of Copiapo and consists of eight mining concessions totalling over 2,800 acres (1,133 hectares) in one of the foremost copper producing regions in the world.

On behalf of the Board of Directors

ANFIELD RESOURCES INC.

Corey Dias, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Anfield Resources Inc.
Clive Mostert
Corporate Communications
780-920-5044
info@anfieldresources.com

www.anfieldresources.com

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SOURCE: Anfield Resources Inc.