INFINI RESOURCES LIMITED — Director's Dealing 2024

Jul 9, 2024

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity Infini Resources Limited ABN 77 656 098 583

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Charles Armstrong
Date of appointment	10 July 2024

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

1,360,000 Performance Rights, refer to the Company’s IPO prospectus dated 30 November 2023 for performance milestones and terms (includes 1,360,000 performance rights subject to Escrow until 15 January 2026).

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interest	Number & class of Securities
Note: Provide details of the circumstances giving
rise to the relevant interest.
Armstrong Capital Management Pty Ltd	80,188 fully paid ordinary shares (includes 12,500
<Armstrong Superfund A/C> (Director	ordinary shares subject to escrow until 15 January
and Shareholder)	2026).

Part 3 – 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 agreement
	between Mr Armstrong and Infini Resources Limited
Nature of interest	The Company has agreed, subject to ASX and
	Shareholder approvals, to issue Mr Armstrong:
	i) 350,000 unlisted incentive options exercisable at
	$0.55 each, expiry date of 3 years from the date of
	issue. Options subject to 12 months continuous
	employment condition.
	ii) 200,000 unlisted incentive options exercisable at
	$0.80 each, expiry date of 3 years from the date of
	issue. Options subject to 12 months continuous
	employment condition.
	iii) 200,000 performance rights which are convertible
	into ordinary shares subject to Mr Armstrong’s
	continued employment for 12 months from issue;
	iv) subject to Mr Armstrong voluntary cancellation of
	250,000 performance rights which are subject to a
	Preliminary Feasibility Study, 250,000 performance
	rights which are convertible into ordinary shares
	subject to the Company completing 5,000 metres of
	drilling at the Company’s Portland Creek Uranium
	Project within 3 years from issue of the new
	performance rights.
	Refer to announcement dated 10 July 2024 for further
	details.
Name of registered holder	N/A
(if issued securities)
No. and class of securities to which	350,000 unlisted options (exe $0.55; exp 3 years from
interest relates	issue).
	250,000 unlisted options (exe $0.80; exp 3 years from
	issue).
	450,000 unlisted performance rights.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002