INFINITY MINING LIMITED — Capital/Financing Update 2023

Dec 18, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

INFINITY MINING LIMITED

Date of this announcement

Tuesday December 19, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	OPTION EXPIRING 18 DECEMBER 2025 EX	5,200,000	18/12/2023
to be confirmed	$0.20

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

INFINITY MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

73609482180

1.3 ASX issuer code

IMI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

19/12/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of Options as part of a private placement announced in Appendix 3B dated 13 December 2023.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed OPTION EXPIRING 18 DECEMBER 2025 EX $0.20
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ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 18 DECEMBER 2025 EX $0.20
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
18/12/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02753427-6A1186278

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.20000000	18/12/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Ordinary Fully Paid Shares
Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B N/A

Issue details Number of +securities 5,200,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Attaching options to acquire one fully paid ordinary shares issued as part of a private placement announced in Appendix 3B dated 13 December 2023.

Purpose of the issue

To raise additional working capital

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
IMI : ORDINARY FULLY PAID	77,859,718
IMIO : OPTION EXPIRING 19-SEP-2024	28,060,287

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
IMIAC : ORDINARY FULLY PAID RESTRICTED	35,693,672
IMIAD : OPTION EXPIRING 10-JUN-2024 RESTRICTED	5,000,000
IMIAG : OPTION EXPIRING 21-JUL-2026 EX $0.163	5,000,000
New class - code to be confirmed : OPTION EXPIRING 18 DECEMBER 2025 EX $0.20	5,200,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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