Infield plans mapping at Kings Canyon, grants options

Executive Summary

• Infield Minerals Corp. provided a corporate update highlighting renewed interest in advancing exploration at its Kings Canyon oxide gold property in Utah, driven by improved market conditions.
• The company granted 825,000 incentive stock options to directors, officers, and consultants, exercisable at $0.05 per share with an expiration date of January 14, 2031.
• Management outlined strategic plans for 2025 and 2026, including the pursuit of additional asset acquisitions to expand the portfolio and specific exploration activities at Kings Canyon (mapping, sampling, isotope work) and Goldendale in Nevada.

Key Details

• Stock Option Grant: Aggregate of 825,000 incentive stock options granted to certain directors, officers, and consultants.
• Option Terms: Exercisable at $0.05 per share; expire on January 14, 2031.
• Kings Canyon Property (Utah):
  • Company is renewing interest in advancing exploration at this road-accessible property located less than one kilometer from Highway 50.
  • Hosts two near-surface oxide gold deposits (Crown and Royal zones).
  • 2026 Planned Activities: Detailed geologic mapping to constrain rock units favorable for Carlin-type mineralization; property-wide drainage evaluation for surface sampling design; isotope work and modern detection methods.
  • Resource Definition: Considering a third-party review of historical data to determine requirements for a NI 43-101 compliant resource calculation.
  • Future Drilling: Initial work program is expected to lead to drill hole targeting.
• Goldendale Property (Nevada):
  • Formerly named Desperado; located in the Ellendale mining district of Nye County.
  • Good epithermal gold-silver potential exists in areas of anomalous gold and silver in soil, which remain untested by drilling.
  • Strategy: Due to being a secondary focus, the company is seeking a partnership or option agreement with another party to explore the upside.
  • Planned Work: Infill soil sampling and mapping.
• Strategic Outlook:
  • 2025: Dedicated efforts to review and pursue additional precious and base metals assets to expand the project portfolio in developed, historical, and emerging districts. Several target assets have been shortlisted.
  • Goal: Complete a transaction and/or additional land acquisition in 2025 to strengthen landholdings in the Western U.S.
  • Growth Strategy: Two-pronged approach utilizing both inorganic (acquisitions) and organic (advancing Kings Canyon) growth strategies.

Notable Quotes

• "With recent improvements to overall market conditions, the company is renewing its interest in seeking to advance exploration at its Kings Canyon oxide gold property in Utah." — Evandra Nakano, President and CEO
• "This project hosts two near surface oxide gold deposits that are road accessible, both superbly located less than one kilometre from Highway 50." — Evandra Nakano, President and CEO