Ms. Ana Lopez reports

INFINITY STONE ANNOUNCES THE ACQUISITION OF COPPER PROJECT IN SOUTHERN QUEBEC AND PROVIDES A TECHNICAL REVIEW

Infinity Stone Ventures Corp. has provided an initial technical review on the 100-per-cent-owned Crazy What Love Can Do copper project, the acquisition of which was announced on Jan. 15, 2024. The project consists of 12 claims distributed in five separate blocks and includes four former copper mines (Memphremagog mine, Shefford mine, Logan mine and Goldspring mine), a copper-gold showing (Bowers) and a historic gold occurrence (Claim Labonte), all approximately 100 kilometres east of Montreal. The total area of the project is 673 hectares with easy road access, being in Southern Quebec.

The Memphremagog mine is situated in the Potton township and was sporadically mined for copper and zinc from 1888 to 1924. Reported production mentions 1,000 tonnes of ore at 3.0 per cent copper. The deposit consists of mineralized lenses that are defined over 600 metres in length by two metres to 15 metres in width and reach 100 metres in depth. The site was explored in the 1980s and 1990s by Rio Algom and Ressources Minieres Coleraine and included short drilling campaigns that followed the manganese-rich marker horizon. Intersections of 1.38 per cent copper, 2.22 per cent zinc, 0.4 per cent lead and 14.5 grams per tonne silver over 0.60 metre and 1.21 per cent zinc, 0.35 per cent copper, 0.21 per cent lead and 6.4 grams per tonne silver over 0.55 metre were reported.

The Shefford mine is in the Ely township and underwent artisanal mining in 1881 and 1901 with total production of 11.3 tonnes at 11.0 per cent copper (SIGEOM, the geoscience database of the Quebec government). A shaft was sunk to a depth of 23 metres in 1881. The mineralization is described as chalcocite-bornite-calcite veins or in disseminations with historical values of 46.14 per cent copper and 37.50 grams per tonne silver assayed from grab samples made exclusively of copper-bearing minerals. The deposit is defined as a stratiform copper deposit hosted in dolomitic marble of the White Brook formation. The area was explored in the 1950s, with several trenches exposing the mineralized zone for a length of 120 metres. It was followed by a drilling program of 24 holes, with all holes showing varying quantities of disseminated chalcocite in the footwall portion of the dolomite zone.

The Logan mine is located about eight kilometres of the Shefford mine in the Stukely township and was mined from two pits around 1850 until 1864, with a total production of 4.5 tonnes at 20 per cent copper. The mineralization consists of quartz-calcite vein/veinlets with chalcocite and occasional bornite and ilmeno/hematite. The veins are hosted in quartz-sericite schist (Mansville complex). Two grab samples collected during a metallogenic study returned 5.07 per cent copper, 4.87 per cent zinc, 36.0 grams per tonne silver, 0.88 per cent cadmium, 0.81 per cent copper and 7.0 grams per tonne silver.

The Goldspring mine and the Bowers copper-gold showing are located 15 kilometres north of the Shefford mine in Melbourne township and are contained in the same claim block. Past mining operations at the Goldspring mine are evidenced by the presence of old trenches, pits and stockpiles, although the production of the mine remain uncertain as tonnage and grade are unknown. A historic report dating 1863 states that a grab sample returned 7 per cent copper. Mineralization is described as bornite and chalcocite in quartz-calcite veins. The veins are hosted in finely banded quartz-sericite schists. The site was visited during a metallogenic study in 1985 and some samples collected from the stockpiles were partly spotted with malachite, a common alteration product of copper-bearing minerals

The Bowers showing is found in the same geological context as the Goldspring mine, lying one kilometre further to the south. Initial exploration activities are prior to 1866 and consisted in pits and trenches. An additional pit was excavated in 1902 and reached 15 metres in depth. Mineralization consists of copper-bearing quartz-calcite veinlets with historical values of 24 per cent copper and 19 per cent copper assayed from grab samples made exclusively chalcopyrite and bornite, respectively. A grab sample of 8.8 grams per tonne gold is also mentioned in the same historical report. Latest exploration activities were performed in the 1980s by International Thunderwood Explorations Ltd. and consisted of geological mapping, rock sampling and soil sampling.

Finally, the Claim Labonte gold occurrence is situated in the Tingwick township. A grab sample weighing 187 grams, collected from a small pit, had a reported value of 301.13 grams per tonne gold. It is described as a quartz vein with scattered pyrite grains hosted in a massive quartzite (Caldwell Group).

The Memphremagog mine is a volcanogenic massive sulphide deposit at the contact of the St-Daniel complex and the Bolton volcanics. On the other hand, the Shefford, Logan and Goldspring mines belong to a copper-silver-gold-titanium-iron belt related to alkaline volcanic rocks and their associated sediments (Oak Hill Group).

Terms of the deal are a total of three million Class A subordinate voting shares of the company, with 1.5 million Class A subordinate voting shares payable to Ana Laura Lopez Pineda and 1.5 million Class A subordinate voting shares payable to Boivin Explorations Ltd., on regulatory approval and which will have a four-month-and-one-day hold period from the date of issuance.

Ms. Lopez has been appointed an interim director and corporate secretary, and the acquisition is a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The acquisition is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101 as the company's Class A subordinate voting shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration to be issued pursuant to the acquisition will not exceed 25 per cent of the company's market capitalization.

Ms. Lopez stated, "Copper is an important mineral in the expansion of electric vehicles and the required infrastructure and an important source of copper are the sediment-hosted copper systems and volcanogenic massive sulphide such as some of the newly acquired deposits."

This past year, Decade Resources and Aston Bay Holdings announced sedimentary-hosted copper discoveries.

The company also announces a proposed non-brokered private placement financing to raise up to $1.05-million through the issuance of up to 8.1 million units at 13 cents per unit, with each unit consisting of one Class A subordinate voting share and one Class A subordinate voting share purchase warrant exercisable at 18 cents for 24 months from issuance. In connection with the financing, the company may pay finders' fees. The company intends to use the proceeds raised from the financing for payment of account payables, exploration expenditures and general working capital. The offering may close in tranches. There are no committed funds as of the date of this news release.

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.

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