INFINITY METALS LIMITED — Director's Dealing 2020

Dec 7, 2020

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 30/09/01 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	Adrian Byass
Date of last notice	19 October 2020

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Valiant Equity Management Pty Ltd <Byass FamilyA/C> (Mr Byass is a director and shareholder of thiscompany).Teutonic Investments Pty Ltd (Mr Byass is a directorand shareholder of this Company)Oakwood Super Fund. (Mr Byass is a trustee andbeneficiary of this superfund)
Date of change	4 December 2020
No. of securities held prior to change	Valiant Equity Management Pty Ltd <Byass FamilyA/C> **-4,801,876 Fully paid ordinary shares- 151,494 Options exercisable at $0.12, expiring 30November 2022Teutonic Investments Pty Ltd-562,500 Fully paid ordinary shares- 31,250 Options exercisable at $0.12, expiring 30November 2022Oakwood Super Fund-3,654,429 Fully paid ordinary shares-**715,000 unlisted Options exercisable at $0.07 on orbefore 24 October 2021

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Share Appreciation Rights (exercisable at $0.082 on orbefore 5 October 2025). Terms and conditions detailedin Notice of Meeting lodged on 27 October 2020.
Number acquired	1,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil Consideration. These SARs were valued in theNotice of Meeting lodged on 27 October 2020 at$47,000.
No. of securities held after change	Valiant Equity Management Pty Ltd <Byass FamilyA/C> **-**4,801,876 Fully paid ordinary shares- 151,494 Options exercisable at $0.12, expiring 30November 2022- 1,000,000 Share Appreciation Rights expiring on 5October 2025 Teutonic Investments Pty Ltd-562,500 Fully paid ordinary shares- 31,250 Options exercisable at $0.12, expiring 30November 2022Oakwood Super Fund-3,654,429 Fully paid ordinary shares-715,000 unlisted Options exercisable at $0.07 on orbefore 24 October 2021 Refer Notice of Meeting lodged with ASX on 27 October2020 for terms and conditions
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of Share Appreciation Rights as approved byShareholders at the AGM held on 25 November 2020.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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