Mr. Matt Hudson reports

INFINITUM COPPER CLOSES OVERSUBSCRIBED $CAD1,669,509 PLACEMENT AND PREPARES TO RECOMMENCE DRILLING

Infinitum Copper Corp. has closed the first tranche of its previously announced non-brokered private placement financing. The private placement tranche was completed with a total of 23,850,131 units at a price of seven cents per unit, for gross proceeds of $1,669,509.17. Each unit consists of one common share of the company and common share purchase warrant of the company. Each purchase warrant entitles the holder to purchase one additional common share for a period of two years from closing at a price of 14 cents.

"The company is very pleased with the response to this capital raising with strong support coming from new shareholders. We were delighted with our phase 1 drilling last year which produced multiple high-grade intercepts at Cerro Grande including 3.71 per cent [copper] over 20.6 metres (true width) in hole 27. The Sangre del Toro area is now drill ready where substantial mineralization has been identified at surface with some great trenching results including 9.15 m at 16.45 grams per tonne Au and 1.9 per cent Cu. Our friends at Oroco Resource Corp. own the nearby Santo Thomas project and have a $175-million market cap. We are 50 kilometres from Piedra Verdes, which is Mexico's third-largest copper producer, who are always interested in our progress as they see us as a potential future source of ore. We have a world-class technical team led by Peter Megaw. When you consider what La Adelita has going for it I'm not surprised we were oversubscribed," stated Matt Hudson, president and chief executive officer. "Now that the financing is closed we can get on with the drilling of these exciting targets."

Preparations have begun for commencement of drilling in the next fortnight. Construction of access tracks to drill pads where required will commence Monday, May 1. The exploration camp is also being cleaned and stocked in order to accommodate the drill team. The drill rig is expected to arrive on site early next week with drilling expected to commence during the week beginning Monday, May 8. A detailed description of the drill program and its objectives will be released to the market prior to commencement of drilling.

Completion of the offering will be subject to all necessary approvals, including the approval of the TSX-V. The offering included subscriptions from certain insiders of the company. The issuances of units to certain insiders, pursuant to the offering, are considered a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company has relied on exemptions from the formal valuation and minority approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of these related party transactions on the basis that the fair market value (as determined under MI 61-101) of the transactions do not, in aggregate, exceed 25 per cent of the market value of the company.

A finder's fee was paid in connection with the placement to finders as determined by mutual agreement between the company and the finders and subject to TSX Venture Exchange approval. The finder's fee consists of cash fee in the aggregate of $84,481.94, which represents 5 per cent of the units sold to investors introduced by such finder, and an aggregate of 1,206,883 non-transferable share purchase warrants, which represents 5 per cent of such units sold to investors. Each compensation warrant entitles the holder to purchase one common share for a period of two years from closing at a price of 14 cents.

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 25-per-cent interest in the Hot Breccia project in the heart of the Arizona copper belt about 90 km north of Tucson, Ariz. The Hot Breccia project is prospective for porphyry copper and copper skarn mineralization.

We seek Safe Harbor.