INFINI RESOURCES LIMITED — Director's Dealing 2024

Dec 26, 2024

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Infini Resources Limited
ABN	77 656 098 583

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Charles Armstrong
Date of last notice	9 December 2024

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect & Direct
Nature of indirect interest	Armstrong Capital Management Pty Ltd
(including registered holder)	<Armstrong Superfund A/C> (Director and
Note: Provide details of the circumstances giving rise to the relevant	Shareholder
interest.	Charles Armstrong ATF Newoak Trust
Date of change	27 December 2024
No. of securities held prior to change	308,888 Ordinary Fully Paid Shares
	1,210,000 Unlisted Performance Rights
Class	(a) Ordinary Shares
	(b) Unlisted Placement Options (Exe $1.00, Exp:
	27/08/27)
	(c) Unlisted MD Options (Exe $0.55, Exp:
	27/12/27)
	(d) Unlisted MD Options (Exe $0.80, Exp:
	27/12/27)
	(e) Unlisted Performance Rights, performance
	criteria and performance periods are detailed
	in the notice of meeting dated 30 October
	2024

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	(a)166,667(b)166,667(c)350,000(d)250,000(e)450,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	(a) $100,000(b) Free attaching placement options(c)Estimated value, $116,550 (non-cash,please refer to notice of shareholdersmeeting dated 30 October 2024)(d) Estimated value, $73,500 (non-cash, pleaserefer to notice of shareholders meetingdated 30 October 2024)(e) Estimated value, $238,500 (non-cash,please refer to notice of shareholdersmeeting dated 30 October 2024)
No. of securities held after change	475,555 Ordinary Fully Paid Shares166,667 Unlisted Options (Exe $1.00, Exp:27/08/27)350,000 Unlisted Options (Exe $0.55, Exp:27/12/27)250,000 Unlisted Options (Exe $0.80, Exp:27/12/27)1,660,000 Unlisted Performance Rights
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of Placement Shares and Options, issue ofMD Options and MD Performance Rights underthe Company’s employee securities incentiveplan, as approved by Shareholders on 29November 2024.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract

Director appointment letter and employment agreementbetween Mr Armstrong and Infini Resources Limited

Nature of interest

The Company had agreed, subject to ASX and Shareholderapprovals, to issue Mr Armstrong:i) 350,000 unlisted incentive options exercisable at $0.55each, expiry date of 3 years from the date of issue. Optionssubject to 12 months continuous employment condition.ii) 250,000 unlisted incentive options exercisable at $0.80each, expiry date of 3 years from the date of issue. Optionssubject to 12 months continuous employment condition.iii) 200,000 performance rights which are convertible intoordinary shares subject to Mr Armstrong’s continuedemployment for 12 months from issue;iv) 250,000 performance rights which are convertible intoordinaryshares subject to the Companycompleting5,000

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	metres of drilling at the Company’s Portland CreekUranium Project within 3 years from issue of the newperformance rights.Refer to notice of meeting dated 30 October 2024 for furtherdetails.
Name of registered holder(if issued securities)	N/A
Date of change	27 December 2024
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	350,000 unlisted options (exe $0.55; exp 3 years from issue).250,000 unlisted options (exe $0.80; exp 3 years from issue).450,000 unlisted performance rights(the company has completed the issue as approved byshareholders on 29 November 2024)
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	Nil

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3