Mr. Glenn Giles reports

INFINITY STONE PROVIDES TECHNICAL REVIEW OF TESLA IRON PROJECT

Infinity Stone Ventures Corp. has provided a technical review of its newly acquired Tesla iron project located in Quebec, Canada. The project comprises six mineral claims covering 277.79 hectares, and is situated 120 kilometres south of Kuujjuaq, Que.

The project is found in the Sokoman formation of the Labrador Trough, which hosts world-class iron deposits. The Lac Otelnuk iron ore project, currently being developed by Metal Quest Mining, lies 200 km south of the Tesla iron project and was subjected to a prefeasibility study filed in 2015. The Tesla iron project is situated one km south of Melezes River and includes two iron deposits, Gossen Hill and Old Red, that were explored in the fifties by Fenimore Iron Mines. Exploration works included detailed geological mapping and drilling with historical resource estimates.

Three types of iron formation were identified as 1) hematite-magnetite iron formation; 2) silicate-carbonate iron formation; and 3) spotted silicate-carbonate iron formation. These two iron occurrences were described as strongly folded with moderate to steep dips. At Gossen Hill, a conglomerate with well-rounded pebbles of iron formation was also recognized.

At Gossen Hill, an outcrop of almost continuous massive iron-formation is exposed over 1,500 metres long by 975 m wide and contains two mineralized zones: Gossen Hill No. 1 and Gossen Hill No. 2. The historical resources estimates for the Gossen Hill deposit reported 112.67 million tons at 24 per cent iron, 1.5 per cent manganese and 34.7 per cent of insolubles for Gossen Hill No. 1 and 61.17 million tons at 33 per cent Fe, 2.60 per cent Mn and 34.30 per cent of insolubles.

The Red Hill deposit is located four km south of Gossen Hill and includes a historical resource of 147.67 million tons at 24.50 per cent Fe, 1.52 per cent Mn and 29.82 per cent insolubles for Old Red No. 1 and 100.17 million tons at 32.7 per cent Fe, 2,21 per cent Mn and 35.35 per cent of insolubles for Old Red No. 2. The total historical reserves for the two deposits are estimated to 421.68 million tons.

Readers are cautioned that the above-quoted estimates date back to 1955 and were compiled in a document that was prepared in 1971, prior to the implementation of National Instrument 43-101 and related policies and before the establishment of Canadian Institute of Mining, Metallurgy and Petroleum standards and guidelines for valuation of mineral properties. Therefore, all estimates mentioned above are historical and should not be treated as current resource estimates as they do not comply with NI 43-101 standards.

Glenn Giles stated, "We as a company rely on the expertise of our director Jeremy Close, who is an iron open-pit mining geologist specialist, working on numerous iron open-pit mines in South Australia since 2010, and Jeremy's enthusiasm for these two historic occurrences is infectious."

Mr. Close stated: "From my 13-plus years of Australian experience in open-pit iron ore mining and exploratory drilling to add resources, this historic reported work is an exciting opportunity to create a world-class company, if the historic work completed is as stated. In-house we are building a geological model using historical drill hole data to wireframe the main polygonal body/lithology units, and then use this to plan an infill drilling campaign, targeting high-grade zones and twinning historical holes to confirm historical results. A visit to the project area will also help determine and map out if there are any existing alluvial scree channels associated with the main iron source. Scree deposits have been a great secondary DSO source in Australian near-surface iron ore mining stages, with favourable low strip ratio and low fixed costs. Recently I helped place the closed historical Iron Monarch open cut pit into production in early 2023."

As per the mining.com article of Jan. 8, 2024, "Blade runners: how LFP batteries brought EV metal markets back to earth," lithium-iron-phosphate batteries for electric vehicles using electric vehicle manufacturer BYD 2020 LFP battery technological breakthrough, termed blade runners, have helped BYD maintain lower production costs and taken the annual electric vehicle sales lead from Tesla. BYD has Warren Buffet of Berkshire Hathaway (as an initial investor. The article also states that in the first 10 months of 2023 LFP batteries have captured 31 per cent of global electric vehicle battery supply. LFP batteries do not contain costly nickel or cobalt, and in 2023, the majority of Tesla model 3 vehicles are LFP-battery-powered. LFP batteries have risen to 27,000 tonnes per month and continue to be cheaper than lithium-nickel-cobalt-manganese electric vehicle batteries.

Also, a start-up called Form Energy continues to sign customers for usage of the Iron-Air energy storage system; as the name suggests, iron and air form the system.

Ana Laura Lopez Pineda stated: "Our iron ore open-pit mining geologist specialist lives every day, working as part of a team or in some cases as team leader, on world-class iron open-pit mines in Australia; his stamp of approval says a lot about this based on the historic work, which, until confirmed by a modern 43-101 standards approach, cannot be relied upon; however, as Jeremy already stated, we are not reinventing the wheel here as other iron open-pit mining specialists are mining at baffinland.com, more than 2,500 km north of these historic occurrences, and that project is also historically drilled."

Qualified person

Isabelle Robillard, PGeo, a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About Infinity Stone Ventures Corp.

Infinity Stone's mission is to be a diversified, single-source supplier for the critical energy metals being used in the clean energy revolution alongside its established software-as-a-service solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100-per-cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs. Recently announced the 100-per-cent acquisition of the Tesla iron project located in Quebec, the Thor manganite occurrence located in Quebec, and ground in Ontario and British Columbia in an area of American Eagle Gold Corp. and Defense Metals Corp.

We seek Safe Harbor.