Mr. Alex Gostevskikh reports

INFINITUM SIGNS DEFINITIVE AGREEMENT TO SELL ITS ADELITA INTEREST

Infinitum Copper Corp. has entered into a definitive share purchase agreement dated June 13, 2025, with Kenadyr Metals Corp. to sell 100 per cent of Exploraciones Margarita S.A. de C.V., Infinitum's Mexican subsidiary that holds an 80-per-cent interest in the Cerro Grande copper-gold-silver property, located in Sonora, Mexico.

Transaction terms

Under the terms of the agreement, Kenadyr will acquire 100 per cent of the shares of Exploraciones Margarita S.A. de C.V. from Infinitum, on an "as is, where is" basis, in exchange for:

• $100,000 in cash (of which a deposit of $25,000 has been paid);
• 1,842,719 Kenadyr common shares, which are subject to voluntary resale restrictions with releases occurring over a period of 18 months.

In addition, for a period of 12 months following the closing of the sale, upon Kenadyr closing any equity financing up to and totalling $3.5-million, Kenadyr will issue to Infinitum as a postclosing payment, and for no additional consideration, such number of additional shares that will result in Infinitum continuing to hold 9.0 per cent of the outstanding shares of Kenadyr, to a maximum of 2,588,000 additional shares.

Kenadyr is arm's length to the company. The transaction is subject to customary conditions, including approval of the TSX Venture Exchange and the approval of the company's shareholders. As the proposed sale would represent the disposition of the majority of the company's assets, it may be downgraded to the NEX on closing of the disposition if as a result the company fails to meet the TSX-V continued listing requirements.

Corporate update

The company today has voluntarily terminated its listing services on the OTCQB Venture Market (OTCQB) trading platform. The company's common shares remain listed for trading on the TSX Venture Exchange. The board of directors of the company have made this decision after considering a number of factors including the associated listing fee expenses and administrative burden required to comply with ongoing OTCQB listing requirements. The company intends to file further updates to the market once its delisting from the OTCQB platform is confirmed.

We seek Safe Harbor.