INFINITY METALS LIMITED — Capital/Financing Update 2020

Sep 23, 2020

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Entitlement Offer – Dispatch of Prospectus

On 16 September 2020 Infinity Lithium Corporation Limited (‘Infinity’ or ‘the Company’) announced a non-renounceable pro rata offer ( Entitlement Offer ) of 1 new fully paid ordinary share ( Share ) for every 8 Shares held on 21 September 2020 ( Record Date ), at an issue price of $0.07 per new Share, together with 1 free attaching option exercisable at $0.12 each for every 2 new Shares subscribed for, to raise up to approximately $2.4 million (before costs).

The Company advises that the Entitlement Offer Prospectus and personalised Entitlement and Acceptance Form have been dispatched to all eligible shareholders. A notification to those shareholders ineligible to participate in the Entitlement Offer was released to ASX on 16 September 2020.

The Entitlement Offer under the Prospectus is scheduled to close at 5.00pm (AWST) on Monday, 12 October 2020 . Eligible Shareholders wishing to participate in the Entitlement Offer and Shortfall Offer must apply for new securities before this time in accordance with the instructions set out in the accompanying Prospectus. More information regarding the Entitlement Offer is set out in the Prospectus.

For further information on the Entitlement Offer you should contact the Company on the number below or the Company’s share registry, Advanced Share Registry Services on (08) 9389 8033 or consult your professional advisor.

Authorised for release by the Board. For further inquiries please contact;

Ryan Parkin CEO, Managing Director T: +61 (8) 6146 5325 E: rparkin@infinitylithium.com

ASX Release 24 September 2020 ASX: INF FRA: 3PM

Project highlights

2[nd] Largest JORC hard rock lithium deposit in the EU

Strategically located in Spain, Europe to be the 2[nd] largest market for battery grade lithium

1st lithium project to secure EIT InnoEnergy Funding

Uniquely fully integrated project with mine and adjacent conversion plant

Low carbon footprint and sustainable operation

Corporate Directory

Ryan Parkin

Managing Director & CEO

Adrian Byass Non-Executive Chairman

Remy Welschinger Non-Executive Director

About Infinity Lithium

Infinity Lithium is an Australian listed minerals company who is seeking to develop its 75% owned San José Lithium Project in Spain. The fully integrated industrial Project is focused on the production of battery grade lithium chemicals from a mica feedstock that represents the EU’s 2[nd] largest JORC compliant hard rock lithium deposit.

The Project provides an essential component in the EU’s development of a vertically integrated lithium-ion battery supply chain. The availability of critical raw materials and the production of battery grade lithium hydroxide in the EU is essential to ensure the long-term production of lithium-ion batteries for electric mobility and the transition of the burgeoning EU’s automotive industry to electric vehicle.

Contact

Level 3, 22 Railway Road Subiaco WA 6008

T: +61 (8) 6146 5325 E:admin@infinitylithium.com W: www.infinitylithium.com W: www.sanjosevaldeflorez.es

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Infinity Lithium Corporation Limited ACN 147 413 956