INFINITY METALS LIMITED — Capital/Financing Update 2020

Sep 13, 2020

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Notice under Section 708A

On 11 September 2020 and 14 September 2020, Infinity Lithium Corporation Limited (“ Company ”) completed the issue of 31,428,571 fully paid ordinary shares (“ Shares ”) pursuant to the placement announced on 8 September 2020.

The Company hereby notifies the Australian Securities Exchange in accordance with section 708A (5)(e) of the Corporations Act 2001 (the “Act ”) that:

• a) the Company issued the Shares without disclosure under Part 6D.2 of the Act;

• b) the Company, as at the date of this notice, has complied with:

  • i) the provisions of Chapter 2M of the Act as they apply to the Company; ands

  • ii) section 674 of the Act;

• c) as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

ASX Release 14 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

Yours Sincerely

Corporate Directory

Jonathan Whyte Company Secretary

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

Ryan Parkin CEO, Managing Director T: +61 (8) 6146 5325

Ryan Parkin Managing Director & CEO

Adrian Byass Non-Executive Chairman

Remy Welschinger Non-Executive Director

Contact

E: rparkin@infinitylithium.com

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.

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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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.

Infinity Lithium Corporation Limited ACN 147 413 956