Mr. Matt Hudson reports

INFINITUM COPPER AMENDS THE TERMS OF THE C$450,000 PRIVATE PLACEMENT

Further to Infinitum Copper Corp.'s news release of March 5, 2024, the company has amended the terms of its private placement to raise gross proceeds of up to $450,000 through the issue of up to 22.5 million units of the company at a price of two cents per unit.

Each unit will comprise one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of three cents per common share for a period of 36 months following the closing date of the offering. The March 5, 2024, news release had incorrectly stated the warrant exercise period as 24 months following the closing date of the offering and has now amended to 36 months following the closing date of the offering.

The company intends to use the net proceeds of the offering for the establishment of mining operations at the La Adelita project and general corporate purposes. It is important to note that none of the proceeds will be utilized for investor relations activities, and no payments will be made to non-arm's-length parties of the issuer.

"We are looking forward to commencing mining operations at La Adelita. Not only will this provide a revenue stream for the company, but we will also gain valuable knowledge of the mineralized body," commented Matt Hudson, chief executive officer.

The company also confirms no finder's fees will be paid in connection with the offering.

All securities issued under the offering are subject to a four-month-and-one-day restricted resale period from the date of the close in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

The closing date of the offering is expected to occur on or about March 31, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval from the TSX-V.

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.