INFINITY METALS LIMITED — Director's Dealing 2021

May 20, 2021

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	Remy Welschinger
Date of last notice	8 December 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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Citicorp Nominees Pty Limited (registered holder ofshares as nominee for Mr Welschingers personalsavings account)
Date of change	18 - 20 May 2021
No. of securities held prior to change	Citicorp Nominees Pty Limited-18,425 Fully Paid Ordinary SharesRemy Welschinger- 2,400,000 Share Appreciation Rights expiring on 5October 2025 Refer Notice of Meeting lodged with ASX on 27 October2020 for terms and conditions
Class	Ordinary Shares
Number acquired	650,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	$42,863.62
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
	Citicorp Nominees Pty Limited
	-668,425 Fully Paid Ordinary Shares
	Remy Welschinger
	- 2,400,000 Share Appreciation Rights expiring on 5
	October 2025 **
	** Refer Notice of Meeting lodged with ASX on 27 October
	2020 for terms and conditions
Nature of change	On Market Purchase
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3