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Infield Minerals Corp (2)
Symbol IN
Shares Issued 48,703,091
Close 2026-01-14 C$ 0.06
Market Cap C$ 2,922,185
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Infield plans mapping at Kings Canyon, grants options

2026-01-14 19:53 ET - News Release

Mr. Evandra Nakano reports

INFIELD MINERALS PROVIDES CORPORATE UPDATE AND GRANTS INCENTIVE STOCK OPTIONS

Infield Minerals Corp. has provided a corporate update and has granted an aggregate of 825,000 incentive stock options to certain directors, officers and consultants to the company. The options are exercisable at five cents per share and expire on Jan. 14, 2031.

"With recent improvements to overall market conditions, the company is renewing its interest in seeking to advance exploration at its Kings Canyon oxide gold property in Utah," stated Evandra Nakano, president and chief executive officer of Infield. Ms. Nakano continued, "This project hosts two near surface oxide gold deposits that are road accessible, both superbly located less than one kilometre from Highway 50."

The company currently holds two precious metals assets under management within the Western United States, including Kings Canyon in Utah and Goldendale in Nevada.

In 2025, the company dedicated significant efforts to reviewing and pursuing additional precious and base metals assets, with a view of expanding its project portfolio within developed, historical and emerging districts that are favourable for mine development. This process led to the identification of several target assets that have been shortlisted for further consideration and review. Building upon Infield's portfolio with additional asset acquisitions continues to be a key component of the company's strategy in delivering shareholder value in 2026. As such, the company strives to complete a transaction and/or additional land acquisition this year, which would strengthen its landholdings in the Western U.S. and add to the discovery potential of its portfolio. The company's two-pronged approach of utilizing both inorganic and organic growth strategies would also see Kings Canyon advanced as a cornerstone asset.

In 2026, the company intends to progress Kings Canyon through the next stages of exploration and project advancement. Initial work planned entails detailed geologic mapping (to constrain the position of rock units favourable for Carlin-type mineralization) and property-wide evaluation of drainages (for the purposes of designing a surface sampling program), along with isotope work and other modern methods for detecting mineralization and related alteration. Further, Infield is considering a third party review of historical data to determine what additional information would be required for a National Instrument 43-101-compliant resource to be calculated on the two known oxide gold deposits hosted within the Crown and the Royal zones at the property. It is expected that the initial work program will lead to drill hole targeting.

Goldendale, formerly named Desperado, and henceforth to be referred to as Goldendale in honour of the original Ellendale gold discovery by Ellen Nay in 1909, is located in the Ellendale mining district of Nye county in Nevada. The historical Ellendale mine head frame can still be sighted adjacent to Infield's Goldendale property as a significant monument in the district, along with numerous other historical workings (adits, shafts and sample pits) throughout the district. Good epithermal gold-silver potential exists at the Goldendale property in areas of anomalous gold and silver in soil, which remain untested by drilling. These zones merit further exploration work, including infill soil sampling and mapping. As this project is of secondary focus, the company believes it would benefit from either a partnership or option agreement with another party interested in exploring the upside at Goldendale.

Qualified person

Technical information in this news release has been reviewed and approved by Andrea Diakow, PGeo, a geological consultant and a qualified person as defined by National Instrument 43-101.

The potential quantity and grade of mineralization described herein are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in targets being delineated as a mineral resource.

About Infield Minerals Corp.

Infield Minerals is currently exploring for gold within the U.S. Great basin. The company's mission is to grow and deliver value through discovery, acquisitions and sustainable development of high-quality, high-potential assets for the social and economic benefits of its stakeholders. Founded in 2020, Infield is led by a team of mining entrepreneurs with extensive technical and resource evaluation experience.

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