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Infinity Stone's B.C. coal licence application accepted

2024-11-11 17:52 ET - News Release

Subject: Infinity Stone Ventures news PDF Document

File: Attachment GEMSFNewsnobember112024INT.pdf

Q-GEMSF Coal Occurrence Application Approved

Infinity Stone Ventures Corp. (Q-GEMSF) (CSE-GEMS) (the "Company" or "Infinity Stone" or "GEMSF") announces today, November 11, 2024, that the company, through an agent, has made a Coal Licence Application with the BC Ministry of Energy, Mines and Low Carbon Innovation which has been accepted and provided with a Coal Licence Application number.

The Coal Licence Application covers a historic coal occurrence located in British Columbia. The next step in the process to Coal Licence, is providing stakeholders and the BC Ministry of Energy, Mines and Low Carbon Innovation, a proposed plan.

The historic coal occurrence is outlined on the BC Ministry minfile system and can be viewed here https://minfile.gov.bc.ca/summary.aspx?minfilno=093P% 20%20021 . This historic coal occurrence is in the area of GLENCORE ("LON:GLEN") producing BC Coal assets which were purchased from TECK (T-TECK.B) in summer 2024.

Barron's magazine reported on November 6, 2024, "Coal Is One of the Biggest Winners from Trump Victory", and DUKE Energy ("Z-DUK") reported on November 7, 2024, that it is revisiting coal plans if President Elect Trump axes pollution rules, but even prior to this in summer 2024 several news outlets and the International Energy Association have reported "...Global coal demand is set to remain broadly unchanged in both 2024 and 2025... The world's use of coal rose by 2.6% in 2023 to reach an all- time high...".

Coal companies ARCH Resources (Z-ARCH) and CONSOL Energy (Z-CEIX) have announced an impending merger to become a dominant world coal producer and supplier.

The G7 which includes Canada and USA, have an agreed protocol to curb coal for energy usage to complete non coal electricity generation between 2030 to 2035 to reduce carbon emmissions. The protocol does not include coal for coking processes, and if President elect Trump removes the USA from the G7 protocol and axes pollution rules in the USA, not only will NAFTA rules be required to be adhered to but, there may be a push to cheaper construction cost coal generating electricity plants, as the cost to build a coal powered plant ranges from $1,000 to $4,500 per each kilowatt of installed capacity, a 1,000 MW coal-fired power plant could cost in most cases between $1 billion and $4.5 billion and the cost to build a nuclear power plant ranges from $5,500/kW to $8,100/kW or between $6 billion and $9 billion for each 1,100 MW plan. India and China continue building coal energy generating plants, with China approving over 300 new coal power plants in 2024, and both countries have increased coal consumption. The recent published statistics report that China has 1,161 coal plants, India with 285 coal plants and USA is ranked third with 203 coal plants. Canada continues to have 8 coal powered plants in operation.

Infinity Stone also owns 100% interest in claim titles covering a historic Anthracite occurrence located on the Gaspe Peninsula in Quebec. Visit www.q-gemsf.com for information.

About Infinity Stone Ventures Corp. Infinity Stone's mission is to be a diversified, single- source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS (software as a service) solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100-per-cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final-use destinations in North American manufacturing hubs. The company recently announced its 100-per-cent acquisition of the Goldstone Project in Saskatchewan in the area of Ramp Metals Inc., new Gold Discovery, with the ground adjacent to Fathom Nickel Inc.; the Thor manganite occurrence located in Quebec; ground adjacent CSE-QiMC Hydrogen discovery in Quebec and ground adjacent Fission Uranium Corp and Oberon Uranium in Saskatchewan, and 100% of the Gallium project in Quebec, including a 100% interest in the Term Point Historic Artisanal gold mine located in Nunavut with reported 78.5 ounces recovered from 500 kilograms of mined material in 1928, historic Coal occurrences located in British Columbia, and 100% interest in two historic Iron occurrences located in Quebec.

Connect with Infinity Stone www.q-gemsf.com Contact ANA LAURA LOPEZ PINEDA Interim Corporate Secretary and Director Telephone:1-604-378-0648 analauralopezpinedamarketing@gmail.com

Neither the CSE nor its Regulation Service Provider, nor any other Exchange and Related Regulation Service Provider, accepts the responsibility for the adequacy or accuracy of this release. Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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