Mr. Matt Hudson reports

INFINITUM COPPER ANNOUNCES SUCCESSFUL FIRST CLOSING OF OVERSUBSCRIBED C$1.5 MILLION PRIVATE PLACEMENT

Infinitum Copper Corp. has successfully closed the first tranche of the $1.5-million private placement announced March 15, 2023. Tranche 1 comprises a total of 21,052,417 units representing gross proceeds of $1,473,669.19. Tranche 2, representing $26,330.81, is expected to be closed on or before Thursday, April 27, 2023.

"The response to this capital raise has been very positive with support from both existing and new shareholders. This capital raise has been a great opportunity to remind people that La Adelita is a truly district scale high-grade project. The money we have raised will allow us to continue exploration at Cerro Grande where 2022 drilling made multiple high-grade intercepts as well as putting the first drill holes in to the Sangre del Toro feature where results from trenching returned 9.15 metres of 16.45 grams per tonne Au [gold] and 1.9 per cent Cu. I look forward to announcing the final close of the raise later next week and the commencement of drilling shortly thereafter," commented Matt Hudson, chief executive officer.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the units have been offered for sale to purchasers resident in Canada, except Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the securities issued in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

The company also announces the grant of incentive stock options for the purchase of an aggregate one million common shares of the company to Mr. Hudson pursuant to the terms of the company's stock option plan. Each option is exercisable at eight cents per share and expires five years from the date of grant.

About Infinitum Copper Corp.

Backed by a strong team of industry veterans, Infinitum Copper is advancing the 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 Sonora and Sinaloa states in Mexico. La Adelita is a carbonate replacement deposit located in a mineralized district with a rich history. Infinitum Copper also has an option to earn a 25-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.