INFINITY METALS LIMITED — Capital/Financing Update 2019

Jun 13, 2019

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ACN 147 413 956

ASX: INF ANNOUNCEMENT

14 June 2019

European Commission States Support of EU Lithium Projects

HIGHLIGHTS

• European Commission calls for the European Investment Bank to become more fully engaged in funding battery raw material projects in exploration, mining and refining.

• The collaboration of the European Investment Bank and European Battery Alliance delivers EU funding and financing for key strategic battery metals projects.

• European Commission states EU resource security and refining capacity as imperative to defend European interests.

• The strategic importance of San José’s fully integrated lithium hydroxide project to be presented to the European Battery Alliance this month in Madrid.

• Infinity Director Vincent Ledoux-Pedailles invited as key speaker on Europe’s lithium market at global lithium conference.

Infinity Lithium Corporation Limited (ASX:INF, ‘Infinity’ or ‘the Company’) is pleased to provide an update on the support of the European Commission (‘EC’) for battery raw material projects that have been recognised as critical in the defence of European interests.

The 12[th] June 2019 meeting between the EC and the Board of the European Investment Bank (‘EIB’) called for the prioritisation of sectors that are strategic for Europe, and specifically for battery raw material projects that focus on the process of lithium extraction and conversion to chemicals.

Battery raw materials vulnerability is becoming a rising political, economic, industrial and environmental issue whereby the European Union’s (‘EU’) sourcing of materials has relied on the global market. Maros Šefčovič, Vice-President of the EC, noted the EC’s focus on the “threats of trade wars and an ever-competitive China looking to challenge Europe in our areas of leadership, such as the automotive sector. We need to prioritise sectors that are strategic for Europe and their value chains.” The availability of lithium chemicals remains a significant risk for the EU’s burgeoning automotive industry.

The EC has actively identified “10 potential mining projects for lithium that, if developed, could allow the EU to move from 1 to 30% of the world production by 2030.” The San José Lithium Project has the EU’s second largest lithium JORC 2012 resource and is projected to provide battery grade lithium chemicals through a fully integrated production facility located on site in western Spain.

Šefčovič recognised the significant support of the EIB and the European Battery Alliance (‘EBA’), and continued calls for the EIB to become more fully engaged in funding raw material projects in exploration, mining and refining, and linking this to industrial projects in the circular economy where the EU maintains its advantage. The EIB has recently announced the €350 million senior debt facility for Northvolt’s Swedish domiciled lithiumion battery and cathode production plant.

Infinity Lithium Corporation Limited

www.infinitylithium.com

ASX:INF

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ACN 147 413 956

The EBA was launched in October 2017 by Šefčovič with an objective to create a competitive manufacturing value chain for battery cells in Europe. The EBA is due to meet with Infinity in Spain this month as the Company nears completion of the San José Lithium Project (‘San José’, or ‘the Project’) lithium hydroxide Pre-feasibility Study (‘PFS’). The support of the EBA can assist in the progression of funding opportunities with the EIB for San José.

For a full transcript please refer to the News section of the Company website.

Infinity’s Executive Director Vincent Ledoux-Pedailles was invited as key speaker on Europe’s lithium market at the 11[th] Lithium Supply and Markets Conference, with more than 400 members of the global lithium industry gathering in Santiago earlier this week. Infinity co-hosted a lithium networking event with world leading commodity broking group SCB Group at the completion of the conference.

For a copy of the presentation “Where Is Europe Placed in the Global Lithium Race” please refer to the Presentation section of the Company website.

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FIGURE 1: Infinity’s Vincent Ledoux-Pedailles in Santiago

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FIGURE 2: Infinity and SCB Group Networking Event

For further inquiries please contact;

Ryan Parkin CEO, Managing Director T: +61 (0) 429 228 857 E: rparkin@infinitylithium.com

Nick Morrison Namcomm Consulting - Principal T: +61 (0) 424 823 100 E: nick@namcomm.com.au

Infinity Lithium Corporation Limited

www.infinitylithium.com

ASX:INF