INFINITY METALS LIMITED — Director's Dealing 2019

Dec 9, 2019

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ACN 147 413 956

ASX: INF ANNOUNCEMENT

10 December 2019

Company Announcements Office Australian Securities Exchange Limited Electronic Lodgement System

Dear Sir/Madam

Infinity Lithium Corporation Limited – ASX announcement

Infinity Lithium Corporation Limited lodges the following announcement:

• Appendix 3Y – Ryan Parkin

• Appendix 3Y – Vincent Ledoux-Pedailles

Contact and person who authorised the announcement:

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Rob Orr Company Secretary T: +61 8 6461 6350

Infinity Lithium Corporation Limited

www.infinitylithium.com

ASX:INF

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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. Amended 01/01/11

Name of entity	Infinity Lithium Corporation Limited
ABN	52 147 413 956

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ryan Parkin
Date of last notice	17 September2019

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	In Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	CHEVALIER HOLDINGS PTY LTD HOLDINGS FAMILY TRUST> (Mr Parkin is a shareholder of this company). Mr Ryan Xavier Parkin & Mrs Lisa Gabrielle Parkin (Mr Parkin is a beneficiaryof this super fund)
Date of change	10 December 2019

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change CHEVALIER HOLDINGS PTY LTD HOLDINGS FAMILY TRUST> (Mr Parkin is a shareholder of this company). Mr Ryan Xavier Parkin & Mrs Lisa Gabrielle Parkin (Mr Parkin is a beneficiary of this super fund)	Direct: 1,000,000 Options to acquire fully paid shares exercise price 15 cents, expiring 11 June 2021 In Direct: 223,182 Fully paid ordinary shares 1,000,000 Options to acquire fully paid shares exercise price 0.088 cents, expiring 16 September 2022 571,429 ordinary shares

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Class

Share Appreciation Rights Upon vesting and subsequent exercise each Share Appreciation Right will, convert into one ordinary share The amount payable upon exercise of each Share Appreciation Right is the, $0.072. Each unexercised or unvested Share Appreciation Right shall expire on 13 September 2024 (Vesting): The Share Appreciation Rights vest as follows, provided the holder remains employed or engaged by the Company on the vesting date: (i) 50% of Share Appreciation Rights issued to a holder vest on the date that is 12 months from 13 September 2019; (ii) 25% of Share Appreciation Rights issued to a holder vest on the date that is 24 months from 13 September 2019; and (iii) 24% of Share Appreciation Rights issued to a holder vest on the date that is 36 months from 13 September 2019. Performance Rights Milestones (i) (Tranche A): the Company executing a non-binding offtake agreement with a third party for the purchase from the Company of a minimum of 5,000 tonnes of lithium chemicals including lithium hydroxide or lithium carbonate produced from the San Jose Lithium Project; and (ii) (Tranche B): the Company completing a capital raising of a minimum of $1,000,000 from a recognised lithium industry participant or investor, Upon vesting, each Performance Right will, at the election of the holder, convert into one ordinary share. Each Performance Right shall otherwise expire on 31 December 2020 (Expiry Date)

Number acquired

5,000,000 SARS 3,140,312 Performance Rights

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$nil consideration
No. of securities held after change CHEVALIER HOLDINGS PTY LTD HOLDINGS FAMILY TRUST> (Mr Parkin is a shareholder of this company). Mr Ryan Xavier Parkin & Mrs Lisa Gabrielle Parkin (Mr Parkin is a beneficiary of this super fund) CHEVALIER HOLDINGS PTY LTD HOLDINGS FAMILY TRUST> (Mr Parkin is a shareholder of this company).	Direct: 1,000,000 Options to acquire fully paid shares exercise price 15 cents, expiring 11 June 2021 In Direct: 223,182 Fully paid ordinary shares 1,000,000 Options to acquire fully paid shares exercise price 0.088 cents, expiring 16 September 2022 571,429 ordinary shares Share Appreciation Rights 5,000,000 Upon vesting and subsequent exercise each Share Appreciation Right will, convert into one ordinary share The amount payable upon exercise of each Share Appreciation Right is the, $0.072. Each unexercised or unvested Share Appreciation Right shall expire on 13 September 2024 Performance Rights Tranche A 1,570,156 Tranche B 1,570,156 Upon vesting, each Performance Right will, at the election of the holder, convert into one ordinary share. Each Performance Right shall otherwise expire on 31 December 2020 (Expiry Date)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issued in accordance with shareholder approval at Annual General Meeting held 27 November 2019

Part 2 – Change of 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 Nature of interest

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 4

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 5

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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. Amended 01/01/11

Name of entity	Infinity Lithium Corporation Limited
ABN	52 147 413 956

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Vincent Ledoux-Pedailles
Date of last notice	16 January 2019

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	10 December 2019
No. of securities held prior to change	Direct: 282,000 Ordinary Shares 500,000 Options exercisable at $0.12 each on or before 14 December 2021 In Direct: Nil

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class

Share Appreciation Rights Upon vesting and subsequent exercise each Share Appreciation Right will, convert into one ordinary share The amount payable upon exercise of each Share Appreciation Right is the, $0.072. Each unexercised or unvested Share Appreciation Right shall expire on 13 September 2024 (Vesting): The Share Appreciation Rights vest as follows, provided the holder remains employed or engaged by the Company on the vesting date: (i) 50% of Share Appreciation Rights issued to a holder vest on the date that is 12 months from 13 September 2019; (ii) 25% of Share Appreciation Rights issued to a holder vest on the date that is 24 months from 13 September 2019; and (iii) 24% of Share Appreciation Rights issued to a holder vest on the date that is 36 months from 13 September 2019. Performance Rights Milestones (i) (Tranche A): the Company executing a non-binding offtake agreement with a third party for the purchase from the Company of a minimum of 5,000 tonnes of lithium chemicals including lithium hydroxide or lithium carbonate produced from the San Jose Lithium Project; and (ii) (Tranche B): the Company completing a capital raising of a minimum of $1,000,000 from a recognised lithium industry participant or investor, Upon vesting, each Performance Right will, at the election of the holder, convert into one ordinary share. Each Performance Right shall otherwise expire on 31 December 2020 (Expiry Date)

Number acquired

5,000,000 SARS 3,140,312 Performance Rights

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$nil consideration
No. of securities held after change	Direct: 282,000 Ordinary Shares 500,000 Options exercisable at $0.12 each on or before 14 December 2021 Share Appreciation Rights 5,000,000 Upon vesting and subsequent exercise each Share Appreciation Right will, convert into one ordinary share The amount payable upon exercise of each Share Appreciation Right is the, $0.072. Each unexercised or unvested Share Appreciation Right shall expire on 13 September 2024 Performance Rights Tranche A 1,570,156 Tranche B 1,570,156 Upon vesting, each Performance Right will, at the election of the holder, convert into one ordinary share. Each Performance Right shall otherwise expire on 31 December 2020 (Expiry Date) In Direct:
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issued in accordance with shareholder approval at the Annual General Meeting held 27 November 2019

Part 2 – Change of 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 4