Infield Minerals Issues Shares for Kings Canyon Gold Property Option Payment

Infield Minerals Corp. has issued 1,508,092 common shares at a price of $0.066309 per share to Geomark Minerals USA Inc. This issuance is part of the third option payment for the Kings Canyon Option Agreement. The agreement involves Infield earning a 100% interest in the Kings Canyon Property in Utah, subject to pre-existing royalties of 2% to 5%.

The financial obligation totals $1,200,000 over 48 months, with specific payments scheduled, partly in cash and partly through shares. Upon completion of the agreement, additional payments will be made if certain production milestones are met.

The shares are under a statutory hold until November 3, 2026. Full details on the Kings Canyon Property are available through Infield's profile on SEDAR.