Toronto, Ontario--(Newsfile Corp. - May 24, 2023) - Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) (the "Company") is pleased to announce the appointment of Collin Kettell to the board of directors of the Company. Mr. Kettell is a co-founder of New Found Gold Corp. and of Palisades Goldcorp Ltd. As Chairman and Chief Executive Officer of New Found Gold Corp., a Canadian resource investment company, Mr. Kettell is responsible for developing the strategic plan for the discovery, financing and continued exploration of the Queensway Project. In his role as Chairman and Chief Executive Officer of Palisades Goldcorp Ltd., Mr. Kettell has been the driving force behind its inception, leading to its current stature as a multi-hundred-million-dollar investment company, while incubating and developing several companies under the Palisades Goldcorp Ltd. umbrella. Mr. Kettell is an active participant in the resource sector as an investor and company builder, focused on the discovery of mineral deposits both in Canada and the United States. He is Founder and Chief Executive Officer of Nevada King Gold Corp., founder of Radio Fuels Energy Corp., co-founder of EarthLabs Inc. (previously Goldspot Discoveries), and co-founder and director of Golden Planet Mining Corp.

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:

Cejay Kim
President & Chief Executive Officer
Tel: (778) 886-1826
Email: cejay.kim@gmail.com

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.

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