Mr. Evandra Nakano reports

INFIELD MINERALS ANNOUNCES INTENTION TO ISSUE SHARES FOR KINGS CANYON GOLD PROPERTY OPTION PAYMENT

Infield Minerals Corp. has paid $100,000 to Geomark Minerals USA Inc. and, subject to TSX Venture Exchange approval, intends to issue 1,508,092 common shares of the company at a deemed price of 6.6309 cents per share to Geomark, both in connection with the third option payment due under the option agreement relating to the company's Kings Canyon property in the state of Utah. The common shares to be issued will be subject to a statutory hold period of four months plus one day.

Pursuant to the terms of the Kings Canyon option agreement, in order to earn a 100-per-cent undivided interest in the property, subject to pre-existing royalties ranging from 2 to 5 per cent, the company must pay to Geomark a total of $1.2-million over a period of 48 months in accordance with the following schedule; $300,000 within five days of closing of the acquisition (paid); $300,000 on or before Dec. 24, 2024 (paid one-half in cash and one-half through the issuance of common shares of the company), $200,000 on or before June 24, 2026, one-half of which may be paid in common shares of Infield (1), at its sole option; $200,000 on or before June 24, 2027, one-half of which may be paid in common shares of Infield (1), at its sole option, and $200,000 on or before June 24, 2028, one-half of which may be paid in common shares of Infield (1), at its sole option.

Following exercise of the option and transfer of the property to the company, Infield shall make the following payments to Geomark if the following events occur: $1,000,000 upon filing of a National Instrument 43-101 technical report describing 400,000 ounces or more of mineral product (1) within the property; and $2-million upon achievement of aggregate production of no less than 5,000 ounces of mineral product from mining operations on the property.

A copy of the 43-101 technical report (2) regarding the Kings Canyon property is accessible under Infield's profile on SEDAR+.

About Infield Minerals Corp.

Infield Minerals is currently exploring for gold within the United States Great basin. The company's mission is to grow and deliver value through discovery, acquisitions and sustainable development of high-quality, high-potential assets for the social and economic benefits of its stakeholders. Founded in 2020, Infield is led by a team of mining entrepreneurs with extensive technical and resource evaluation experience.

(1) Valuable rock, minerals, precious metals, ore and other valuable substances extracted from the property.

(2) Means a technical report, as such term is defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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