Mr. Steve Robertson reports

INFINITUM COPPER CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT AND ANNOUNCED AGREEMENT FOR SHARES FOR DEBT

Infinitum Copper Corp. has closed its second tranche to its previously announced non-brokered private placement financing. The private placement has been oversubscribed with an additional 518,778 units at a price of 20 cents per unit being offered in the second tranche resulting in an aggregate total of 5,698,953 units being issued for gross proceeds of $1,139,790.60. Each unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of two years from closing at a price of 45 cents.

Proceeds from the offering will be used to finance exploration at La Adelita project in Sonora state, Mexico, and the Hot Breccia project in Arizona state, United States, and for general corporate purposes.

The securities issued in connection with the tranche 2 offering, including any common shares issued upon exercise of the warrants, are subject to a four-month restricted resale period that expires on Dec. 6, 2022, and applicable securities legislation hold periods outside of Canada from the closing date.

Completion of the tranche 2 offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange.

The company also announces it has entered into a shares-for-debt settlement agreement with an arm's-length contractor, pursuant to which the company will issue 1,156,770 common shares at a deemed value of 20 cents per common share in full satisfaction of mineral exploration services.

The common shares issued in connection with the settlement agreement will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing date. The shares-for-debt arrangement will be subject to all necessary approvals, including the approval of the TSX-V.

About Infinitum Copper Corp.

Backed by a strong team of industry veterans, Infinitum is advancing La Adelita project, where the company has an option to earn an 80-per-cent interest. The high-grade copper-silver-gold La Adelita project is located in the Sonora and Sinaloa states in Mexico, and is subject to a 2-per-cent net smelter royalty. La Adelita is a high-grade copper-gold-silver carbonate replacement deposit located in a mineralized district with a rich history. Infinitum also has an option to earn a 100-per-cent interest in the Hot Breccia project in the heart of the Arizona copper belt about 90 kilometres north of Tucson, Ariz. The Hot Breccia project is prospective for porphyry copper and copper skarn mineralization.

We seek Safe Harbor.