The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated May 5, 2026, between Infield Minerals Corp. and Hawk Resources Ltd., an arm's-length party. Pursuant to the terms of the agreement, the company has acquired a 100-per-cent undivided leasehold interest in the mineral tenure over property located in the state of Utah, U.S. (the Detroit property).

The consideration for this acquisition is $550,000. The acquisition is structured such that the company is required to pay $40,000 cash within five business days of the agreement being executed and the remainder over a five-year period. The company may issue common shares worth up to one-half total cash payment, provided, however, that any such issuance does not result in the vendor's ownership exceeding 9.9 per cent of the outstanding common shares of the company. Further, the company shall not issue more than 6,111,111 common shares in lieu of cash payments.

Pursuant to the agreement, the company is subject to potential milestone payments of up to $1,312,500. The company may satisfy up to one-half of any of the milestone payments by issuing an equivalent value in common shares, provided, however, that any such issuance does not result in the issuance of more than 14,583,333 common shares or the vendor holding more than 9.9 per cent of the total outstanding common shares of the company.

For further details, please refer to the company's news release dated Feb. 19, 2026, and May 6, 2026.