INFINITY MINING LIMITED — Share Issue/Capital Change 2022

Aug 17, 2022

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

Thursday August 18, 2022

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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	Ordinary Fully Paid Restricted	450,000	11/08/2022
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

18/8/2022

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

New +securities issued under an +employee incentive scheme ASX +security code +Security description New class - code to be confirmed Ordinary Fully Paid Restricted +Security type ISIN code Ordinary fully or partly paid shares/units Date the +securities the subject of this notification were issued 11/8/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Ordinary fully or partly paid shares/units Details +Security currency AUD - Australian Dollar Are there CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Infinity Mining Limited Employee Share Option Plan terms and conditions.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of Bonus Shares in accordance with Employee Share Option Plan as approved by shareholders at the Extraordinary General Meeting held on 3 June 2022, subject to 12 months Voluntary Escrow from issue date.

Issue details

Number of +securities

450,000

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

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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	57,500,000
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
IMIAA : ORDINARY FULLY PAID RESTRICTED	5,618,750
IMIAB : ORDINARY FULLY PAID RESTRICTED	10,000,000
IMIAC : ORDINARY FULLY PAID RESTRICTED	35,693,672
IMIAD : OPTION EXPIRING 10-JUN-2024 RESTRICTED	5,000,000
IMIAE : OPTION EXPIRING 10-JUN-2023 EX $0.30	25,000,000
New class - code to be confirmed : Ordinary Fully Paid Restricted	450,000

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

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

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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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