Ms. Evandra Nakano reports

INFIELD MINERALS ANNOUNCES FINANCING

Infield Minerals Corp. intends to proceed with a non-brokered private placement financing to raise gross proceeds of up to $1.25-million by the issuance of up to 25 million units of the company at a subscription price of five cents per unit.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 10 cents for a period one year from the date of issuance and will be subject to acceleration under certain circumstances.

In the event that the company's common shares have a closing price on the TSX Venture Exchange at or above 12 cents per share based on a 10-day volume weighted average price (at any time at or following the expiry of the four-month-plus-one-day resale restriction period applicable to the warrants), the company may, at its option, accelerate the expiry of the warrants after statutory hold period has passed. To exercise the acceleration right, the company must provide written notice to holders of warrants. Holders will then have 30 days from the date of such notice to exercise their warrants, after which, any warrants not exercised within that period may be subject to cancellation.

The company intends to use the net proceeds of the offering for mineral exploration on the company's resource projects in the Western United States, as well as for general and administrative, marketing, and working capital purposes.

The issuance of the securities under the offering may constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, due to the expected participation by one or more insiders of the company in the offering. These transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to the exemptions provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of any securities issued to nor the consideration paid by such insiders would exceed 25 per cent of the company's market capitalization.

No commissions will be payable in connection with the offering.

Completion of the offering is subject to certain conditions, including receipt of all necessary corporate and regulatory approvals, including the exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the exchange. The offering is not subject to a minimum aggregate amount of subscriptions and closing of the offering may occur in one or more tranches.

About Infield Minerals Corp.

Infield Minerals is currently exploring for gold within the United States 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.

We seek Safe Harbor.