INFINITY MINING LIMITED — Capital/Financing Update 2025

Apr 22, 2025

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ASX ANNOUNCEMENT 23 April 2025

Dispatch of Loyalty Option Offer Documents

Infinity Mining Limited (ASX: IMI ) ( Infinity or the Company ) refers to its announcement on 11 April 2025 regarding its pro-rata non-renounceable entitlement issue of two (2) options, each exercisable at $0.02 and expiring 42 months from issue ( New Options ), for every three (3) fully paid ordinary shares in the Company ( Shares ) held by eligible shareholders registered at the record date at an issue price of $0.001 per New Option ( Loyalty Option Offer or Offer ).

The Company is pleased to confirm that it has today dispatched a letter to eligible shareholders, together with instructions on how to access their personalised entitlement and acceptance form, which provides details of the Offer, including how to access the Company’s prospectus for the offer dated 11 April 2025 ( Prospectus ) and details on how eligible shareholders may accept their entitlement.

Accordingly, the Loyalty Option Offer for New Options is now open for subscriptions from today until the scheduled closing date at 5pm (AEST) on 5 May 2025.

Please refer to the Company’s ASX announcement dated 11 April 2025 and titled Underwritten Loyalty Option Offer regarding the Offer and the Prospectus for further details.

The Company also advises that notifications have been sent to ineligible shareholders under the Offer pursuant to ASX Listing Rule 7.7.1(b).

Eligible shareholders should consider the Prospectus carefully in deciding whether to acquire New Options under the Loyalty Option Offer.

If you do not understand the Prospectus or you have any questions about the Offer you should consult your professional adviser without delay. Questions can also be directed to the Company on +61 7 2141 5832 or via the Share Registry offer information line +61 1300 330 255, Monday to Friday 8.30am to 5.30pm (AEST).

This announcement is authorised for release to the ASX by the Board of the Company.

For further information please contact:

Joe Phillips Executive Chairman +61 7 2141 5832 communications@infinitymining.com.au

Infinity Mining Ltd / ABN: 73 609 482 180 / T: +61 7 2141 5832 / W: infinitymining.com.au Level 1, 470 St Pauls Terrace, Fortitude Valley QLD 4000, Australia

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Company Profile

Infinity Mining Limited holds a diverse portfolio of projects, spanning over 3,700km[2 ] across highly prospective regions, including NSW’s Macquarie Arc, Victoria’s Melbourne Zone, and the East Pilbara and Central Goldfields in Western Australia. These tenements host potential high-grade resources, including copper, gold, and other base metals, alongside the Company’s existing focus on lithium.

The flagship Cangai Copper Project, a historic high-grade copper mine with a JORC-complaint resource, offers near-term development potential. Infinity’s broader portfolio is strategically located near established mining operations, enhancing the economic viability and development timelines of its projects.

Caution Regarding Forward Looking Statements

Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding exploration results and Mineral Resource estimates or the eventual mining of any of the projects, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in copper, nickel or gold demand or substitution by other metals or materials; the discovery of new large low cost deposits of copper, nickel or gold; the general level of global economic activity; failure to proceed with exploration programmes or determination of Mineral resources; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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