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Infield Minerals Corp (2)
Symbol IN
Shares Issued 75,211,183
Close 2026-08-04 C$ 0.05
Market Cap C$ 3,760,559
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Infield Minerals increases Kings Canyon to 5,818 acres

2026-08-05 01:09 ET - News Release

Ms. Evandra Nakano reports

INFIELD MINERALS EXPANDS LAND POSITION AT THE KINGS CANYON GOLD PROJECT IN UTAH

Infield Minerals Corp. has increased the Kings Canyon land package by approximately 85 per cent through the staking of 132 additional lode claims contiguous with ground currently held under an option agreement dated Feb. 28, 2024. The expansion increases the company's land position from 3,135 acres to 5,818 acres.

"Expanding our Kings Canyon land position has transformed the project into a much larger, target-rich opportunity," stated Evandra Nakano, president and chief executive officer of Infield. Ms. Nakano continued: "As exploration heats up within the Kings Canyon district, including active drilling by Rio Tinto, securing additional prospective ground around our existing holdings is an important step in unlocking the project's full potential. We believe the expanded land package significantly enhances our ability to pursue new discoveries and create long-term value for shareholders."

Strategic rationale for property expansion:

  • Favourable host rocks: The newly staked claims increase the company's exposure to the carbonate rock formations that host Carlin-type disseminated gold mineralization at the property.
  • Anomalous geochemical trends: The expanded land package encompasses areas exhibiting anomalous surface sampling values for gold, as well as arsenic and antimony, which are considered important pathfinder elements in Carlin-type gold systems.
  • Repeating structural features: Additional coverage of structural features is analogous to those associated with gold mineralization at the property. These structural corridors may have acted as conduits for mineralizing fluids and represent prospective targets for future exploration.
  • New geophysical exploration potential: The additional claims cover a prominent magnetic anomaly, introducing new exploration targets and multiple discovery pathways.
  • Strong geological and technical foundation: Historical drilling has outlined two oxide gold zones at the property. These known mineralized zones provide a strong geological framework for evaluating and prioritizing targets across the expanded land package.

The Kings Canyon property is located in western Utah and is prospective for Carlin-type gold mineralization. The property hosts known zones of oxide gold mineralization identified through historical exploration and drilling and is situated within an actively explored district that has attracted the attention of both junior and major mining companies.

The newly staked claims package consolidates a broader portion of the geological, geochemical and geophysical features believed to be favourable for the discovery of additional mineralized zones. Infield believes the expanded land position strengthens the property's exploration upside by increasing exposure to prospective host rocks, mineralized structures and new exploration targets. The company plans to integrate the newly acquired claims into its 2026 exploration campaign and evaluate priority targets across the consolidated land package.

Qualified person

Technical information in this news release has been reviewed and approved by Andrea Diakow, PGeo, a geological consultant and a qualified person as defined by National Instrument 43-101.

The potential quantity and grade of mineralization described herein are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in targets being delineated as a mineral resource.

About Infield Minerals Corp.

Infield Minerals is a mineral exploration company focused on precious and base metals projects within the U.S. Great basin. Infield Minerals' mission is to grow and deliver value through discovery, acquisitions and sustainable development of high-quality, high-potential assets for the social and economic benefits of the company's stakeholders. Founded in 2020, Infield is led by a team of mining entrepreneurs and geoscientists with a record of geoscience excellence and significant discoveries.

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