INFINITY METALS LIMITED — Capital/Financing Update 2021

Feb 24, 2021

ACN 147 413 956

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ASX: INF ANNOUNCEMENT

25 February 2021

Company Announcements Office Australian Securities Exchange Limited Electronic Lodgement system

NOTICE UNDER SECTION 708A

An Appendix 2A was released on 24 February 2021 for the issue of a total of 79,471,355 fully paid ordinary shares pursuant to the Placement announced on 18 February 2021. An Appendix 2A was also released on 22 February 2021 as a result of the exercise of 1,544,990 unlisted options exercisable at $0.12, expiring 30 November 2022, together (‘ The Securities’ ).

The Company gives notice pursuant to Section 708A (5)(e) of the Corporations Act that:

• (a) The Securities were issued without disclosure under Part 6D(2) of the Corporations Act.

• (b) The Company, as at the date of this notice, has complied with the provisions of Chapter 2M of the Corporations Act and Section 674 of the Corporations Act.

• (c) There is no excluded information to be disclosed for the purposes of Section 708A (7) and (8) of the Corporations Act.

Yours Sincerely

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Jonathan Whyte Company Secretary

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

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