Mr. Matt Hudson reports

INFINITUM PROVIDES UPDATE ON PROGRESS AT LA ADELITA AND HOT BRECCIA PROJECT

Infinitum Copper Corp. has provided an update on progress at La Adelita project in Mexico and recent developments at the Hot Breccia project.

La Adelita

The company is excited to be mobilizing equipment during the week beginning July 29, 2024. These preliminary works will provide access to the Cerro Grande adit. Once the historic adit can be reached, a mining contractor will be engaged to drive a 100-metre-long-by-three-metre-by-three-metre access tunnel to the mineralized body. This access tunnel will intercept drill hole AD1010 drilled in 2022. AD022 encountered one gram per tonne gold.

Cautionary note regarding production decisions

The company's decision to potentially place the mine into production, expand a mine, make other production-related decisions, or otherwise carry out mining and processing operations is largely based on internal non-public company data and reports from previous operations. The company is not basing any production decisions on National Instrument 43-101-compliant reserve estimates, preliminary economic assessments or feasibility studies, and, as a result, there is greater risk and uncertainty as to future economic results, including increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially minable deposit and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision.

Hot Breccia

The company granted an option to Prismo Metals in January, 2023. Prismo has continued to advance the project completing a VTEM survey in July, 2023. Drilling permits were received from the Bureau of Land Management for 10 drill pads.

Steve Robertson, president of Prismo, and former president of the company, commented: "Getting the permit approval to proceed with this important drill program is a defining event for Prismo Metals as it marks the first time in five decades that exploration on this attractive target can be activated on a property where historical drillings reported several copper intercepts that exceeded 1 per cent copper and elevated zinc. This 5,000-metre program will provide critical information on the vectoring needed to lead us to the heart of the yet another mineralizing system in one of the most prolific copper districts on the planet."

The board has also agreed a remuneration package for current directors and key personnel. A total of 1.34 million deferred stock units vesting March 16, 2026, and 1.65 million options with a strike price of eight cents vesting in three tranches beginning March, 2025, will be used to compensate directors and key personnel.

About Infinitum Copper Corp.

Backed by a strong team of industry veterans, Infinitum is advancing 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 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.