Mr. Matt Hudson reports

INFINTIUM COPPER COMPLETES 80% EARN IN WITH MINAURUM GOLD AND RELEASES FINAL 2023 DRILLING RESULTS FOR LA ADELITA

Infinitum Copper Corp. has met the necessary expenditure commitment to earn an initial 80 per cent of La Adelita from Minaurum Gold Inc. by making a total expenditure on the project of $3,042,090. The company is also reporting results from the last six diamond drill holes at La Adelita in Sonora, Mexico.

Completion of initial earn-in and establishment of joint venture

Following completion of the expenditure commitment of $3-million under the property option and joint venture agreement entered into with Minaurum on Feb. 17, 2021, the company will restructure the shares of its wholly owned Mexican subsidiary Exploraciones Maragrita SA, such that the company and Minaurum will own an 80-per-cent and a 20-per-cent carried interest, respectively. The joint venture partners will form a management agreement to oversee future operations.

2023 drilling results

"Infinitum's latest results, in combination with historical drilling programs and our ongoing surface sampling program, continue to demonstrate the potential of La Adelita. Our 2023 program was designed to test the regional potential of the system. Similar geophysical and geochemical evidence that led to the exceptional high-grade results of historic drilling was used to locate the 2023 drill holes. While the 2023 drilling did not produce the same exciting results as earlier campaigns, the company can now focus on the high-grade core of the La Adelita system. Based on the knowledge we have gained, the company has applied for permits to allow the removal and sale of high-grade mineralized material, which will allow it to potentially generate revenue and also engage in direct exploration of the La Adelita orebody. Discussions with contractors and potential offtake partners in the immediate area are progressing," commented Matt Hudson, president and chief executive officer.

The 2023 drill campaign was focused on two key targets: Las Trancas gold-copper target and the Cerro Grande copper zone. Drill hole AD-23-0029 returned 11.75 metres (true width) of 0.16 gram per tonne gold starting at 86.35 m downhole in Las Trancas zone. This hole, along with ADD-23-0030, was designed to test for mineralization beneath the Sangre del Torro feature identified in the 2022 trenching campaign. AD-23-0030 returned 6.30 m of 0.219 g/t Au from 149.70 m downhole, including 1.35 m of 0.7 g/t Au. AD-23-0031 returned 145.50 m of 0.172 per cent zinc from 15.0 m downhole, as well as 15.75 m of 0.195 per cent copper and 5.755 g/t silver from 182.00 m downhole. AD-23-0032, also in Las Trancas zone, encountered 30.0 m of 0.253 per cent zinc, as well as a narrow intercept of 0.50 m of 3.32 per cent Cu and 87.9 g/t Ag. Drill hole AD-23-0034 encountered sporadic mineralization across multiple horizons. See the attached table.

Quality assurance/quality control

Diamond drill core sampling from the 2023 program was supervised by Infinitum Copper personnel. The split core samples were delivered to the internationally certified ALS Minerals laboratory facilities in Hermosillo city, where the samples were prepared by creating a pulp and then shipped to Vancouver, Canada, for analysis. Assaying was done by ALS in Canada under an ISO 1702 quality management system. Samples were fire assayed for Au (Au-AA24) and analyzed for multielements using method code ME-ICP61, following an aqua regia digestion. Overlimits were analyzed using the most appropriate method. Multielement geochemical standards, blanks and duplicates are inserted systematically into the rock sampling series to monitor lab performance. The control samples are inserted into every 20 samples in the case of standards, blanks and duplicates, and for rejects and pulp duplicates, every 30 samples intercalated. Chain-of-custody controls track the samples, which are transported from La Adelita project to the camp in Picachos village and then to ALS in Hermosillo city, by company personnel.

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.

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