Final Drilling Results From 2022 Campaign Continue to Demonstrate the High-Grade Potential Of La Adelita Including 48.7m of 1.22% CuEq

VANCOUVER, BC / ACCESSWIRE / May 2, 2023 / Infinitum Copper Corp. (TSXV:INFI)(OTCQB:INUMF) ("Infinitum" or the "Company") is pleased to report results from the last six of twelve diamond drill holes at Infinitum's flagship project, La Adelita in Sonora, Mexico.

Drill hole AD-22-0028 returned 48.7m (True Width) of 1.22% CuEq starting at 198.85 m down hole in the Cerro Grande zone (see figures 1, 2 and 3) while AD-22-0021 returned 19.85m of 1.00% CuEq from 34.5 m down hole. Similar to previously announced drilling results, mineralization is hosted in pervasive skarn alteration and highly correlated with magnetite. AD-22-0028 was collared 65m to the north of AD-22-0018 which returned 20.6m of 3.71% CuEq from 163.15m down hole and 175m to the north of AD-22-0019 which returned 32.25m of 1.74% CuEq from 36.65m down hole. The intersection of hole AD-22-0028 is open to the north, east and west.

AD-22-0028 is the only drill hole which has intersected the large and distinct magneto-telluric anomaly on theeasternflank of the Cerro Grande anticline. It is believed that the anomaly is driven by highly conductive magnetite which is strongly correlated with high grade gold and copper mineralisation. The anomaly stretches 1.4km from north to south and is open to the north with a diameter of 200m at its thickest points.

Rafael Gallardo, Senior Exploration Manager, states "Hole 28 is particularly exciting because it demonstrates that the mineralisation is open to the north which is also supported by our geophysical studies and our recent surface mapping demonstrates the continuity of contact between intrusive rocks and favourable calcareous host rocks at least 350 meters to the north of the drill hole AD-22-0028"

Drill hole AD-22-0027 was drilled further to the south-southwest of drill hole AD-22-0021 looking for the continuity of the system. This hole was drilled with a low angle inclination (-45°) and intercepted a wide strong zone of skarn alteration, without magnetite, including 130.90 m of 0.32% Zn from 141.20 m down hole.

"2022's exploration program certainly exceeded expectations with half of the holes drilled returning high grade intercepts over meaningful widths. The evidence of the strong correlation between magnetite and mineralisation continues to build and as it does the number of targets continues to grow" said Matt Hudson, CEO of Infinitum Copper. "All of this is happening at Cerro Grande which represents about 5% of the project area. We also look forward to exploring the Sangre del Toro area where trenching returned 9m of 16.45g/t Au and 1.9% Cu located 4.4 km southwest of Cerro Grande. We've got plenty of work to do in 2023".