Toronto, Ontario--(Newsfile Corp. - January 31, 2024) - Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) (the "Company" or "Radio Fuels") is pleased to announce the appointment of Philip O'Neill as Chief Executive Officer and Director of the Company.

Mr. O'Neill is an experienced mining executive and corporate director. He is currently the President and founder of MP1 Capital, a Calgary based investment company created to focus on the natural resources sector. Mr. O'Neill was Director and Chief Operations Officer of Palisades Goldcorp Ltd. from 2019 to 2021, during which Palisades Goldcorp Ltd. became one of the most active financiers in the junior mining space. He was also President and Director of Nevada King Gold Corp. ahead of its go-public transaction in 2021. In 2010, Mr. O'Neill founded TSX listed Sunward Resources Ltd. ("Sunward") where he held the positions of CEO and Director, raising $81 million in a 10-month span to advance the Titiribi gold/copper project in Colombia. In 2015, Mr. O'Neill negotiated Sunward's acquisition by NovaCopper Inc., now Trilogy Metals Inc., at a +140% premium to market. Mr. O'Neill has also held directorship roles for several TSX, TSX Venture, and ASX listed companies.

"We are very pleased that Phil will be joining our team as CEO and Director," stated Jack Campbell, Chair of the Board of Radio Fuels. "With his previous experience and track record in the industry, Radio Fuels welcomes his leadership in taking the Company through its next phase of growth and development."

The appointment of Mr. O'Neill follows the resignation of Cejay Kim as Chief Executive Officer, President, and Director. Mr. Kim has played an integral role in helping shape Radio Fuels from its inception. The Company would like to thank him for his contributions and wishes him well in his future endeavors.

About Radio Fuels Energy Corp.

The Company is a junior natural resource company focused on providing exposure to uranium and other commodities through the investment, acquisition, exploration, and development of projects and companies.

For further information, please contact:

Philip O'Neill
Chief Executive Officer
Tel: (403) 614-2552
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-Looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.