Mr. Matt Hudson reports

INFINITUM COPPER ANNOUNCES START OF DRILLING AT LA ADELITA

Infinitum Copper Corp. has started drilling at its flagship 6,450-hectare La Adelita property located in Sonora, Mexico. The program, consisting of 15 diamond drill holes totalling 2,500 metres, is designed to expand the size of the high-grade mineralized area at Cerro Grande zone, as well as test for mineralization at depth in the Las Trancas zone.

Cerro Grande zone

Nine drill holes are programmed for the Cerro Grande zone. The objective of the program is to expand the known high-grade mineralization by stepping out to the north and west of previous drill holes:

• 2022 drilling by the company, and earlier drilling by Minaurum Gold, produced outstanding results, including:
  • AD-22-0021 (20.9 m of 0.67 per cent CuEq (copper equivalent) from 34.5 m);
  • AD-22-0019 (34.65 m of 1.98 per cent CuEq from 36.5 m);
  • AD-22-0020A (22.25 m of 0.98 per cent CuEq from 39 m);
  • AD-22-18 (36.65 m of 2.75 per cent CuEq from 153 m);
  • AD-22-28 (48.7 m of 1.22 per cent CuEq from 199.4 m);
  • CGDD-10-001 (16 m of 2.07 per cent CuEq from 35.7 m);
  • CGDD-10-002 (46.4 m of 1.02 per cent from 35.6 m).
• 2022 magneto telluric geophysics study (MT) was received after the completion of 2022 drilling, and showed large anomalous responses beneath the Cerro Grande anticline and on the west flank.
• Guided by the 2022 MT survey and previous high-grade drill results, the 2023 program aims extend the north-south extent of mineralization out to 500 m and stepout up 700 m west of the known mineralization.

"Historic drilling has demonstrated that the mineralized body at Cerro Grande has significant vertical extent. The current drill program has the potential to extend the north-south strike to over 500 metres, while drilling on the western flank could demonstrate mineralization 700 m away from the 2022 high-grade drill holes. We want to show that it's high-grade and large," stated Matt Hudson, chief executive officer of Infinitum Copper.

Las Trancas zone

The Las Trancas zone is approximately five kilometres to the southwest of Cerro Grande and is home to the feature referred to as Sangre del Toro (bull's blood). There are no previous drill holes in the area. The company's 2023 program includes six diamond core holes totalling 1,200 m designed to test for the source of mineralization beneath the Sangre del Toro feature:

• 2022 trenching program produced outstanding results, including 9.5 m of 16.45 g/t Au and 1.9 per cent Cu at Trench 2;
• 2022 MT program shows large conductive anomaly directly beneath Trench 2 extending to the east and west;
• The Sangre del Toro feature has been mapped at surface for over 2.8 km north-south and up to 600 m east-west. Historic artisanal workings at the northern extent of the feature provide further evidence that there is possibly a large, mineralized structure beneath;
• The company's 2023 drilling program will be the first drilling to ever test the Sangre del Toro feature.

"Similar to our drilling program at Cerro Grande Main zone, the holes at Sangre del Toro are designed to investigate the potential extent of mineralization. La Adelita has shown its high-grade potential, now we hope to show it has substantial size. There is a striking coincidence of evidence at Sangre del Toro and we are very excited to start drilling," stated Mr. Hudson, CEO.

Results will be released to the market as they are received back from ALS in Hermosillo, with the first batch of results anticipated to be received in early July.

Qualified person

Steve Robertson, chairman of the company, has acted as the qualified person as defined in National Instrument 43-101 for this disclosure, and supervised the preparation of the technical information in this release.

We seek Safe Harbor.