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IN.V ·

Infield Minerals Sets Date FOR Share Consolidation

Corporate Actions

1 | Infield Minerals Corp.

515 – 701 W. Georgia Street

Vancouver, BC V7Y 1C6

INFIELD MINERALS SETS DATE FOR SHARE CONSOLIDATION

October 17, 2024 – Vancouver, BC, Canada. Infield Minerals Corp. (TSX-V: INFD) (“Infield” or the

“Company”), further to its press release on October 3, 2024, announces that it will complete the

previously announced consolidation of its issued and outstanding common shares on a 2:1 basis (the

“Consolidation”), effective at the opening of the market on Monday, October 21, 2024. Subsequent to the

Consolidation, the Company will have approximately 27,102,813 common shares issued and outstanding.

New share certificates will be issued under new CUSIP and ISIN numbers, which are CUSIP: 45674H201 /

ISIN: CA45674H2019. Holders of shares of the Company who hold uncertificated shares (that is shares

held in book-entry form and not represented by a physical share certificate), either as registered holders

or beneficial owners, will have their existing book -entry account(s ) electronically adjusted by

Computershare Trust Company (“Computershare”), the Company’s transfer agent or, in the case of

beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in street name

for their benefit. Such holders generally do not need to take any additional actions to exchange their pre-

consolidation shares for post -consolidation shares. If you hold your shares with such a bank, broker or

other nominee, and if you have questions in this regard, you are encouraged to contact your nominee.

Registered shareholders holding share certificates will be mailed a letter of transmittal from

Computershare advising of the Consolidation and instructing them to surrender the share certificates

representing pre -consolidation shares for replacement certificates or a direct registration advice

representing their post-consolidation shares.

The Company believes that the Consolidation may have the effect of, among other things: increasing the

interest of the financial community in the Company and potentially broadening its pool of investors;

improving trading liquidity; and reducing trading co mmissions and other transaction costs for

shareholders.

For more information, please contact Evandra Nakano, the CEO, President and a director of the Company,

at +1 (604) 220-4691 or email: [email protected]

On Behalf of the Board of Directors of Infield Minerals Corp.

Evandra Nakano

President, CEO & Director

ABOUT INFIELD

Infield Minerals is currently exploring for gold within the U.S. Great Basin . Our 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 our stakeholders. Founded in 2020, Infield is led by a team

of mining entrepreneurs with extensive technical and resource evaluation experience.

www.infieldminerals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

2 | Infield Minerals Corp.

Statements included in this announcement, including statements concerning Infield’s plans, intentions and expectations, which

are not historical in nature, are intended to be, and are hereby identified as, “forward‐looking statements”. Forward-looking

statements include, among other matters , potential effects of the Consolidation, and Infield’s exploration plans for its mineral

exploration properties . Forward‐looking statements may be, but are not al ways, identified by words including “anticipates”,

“believes”, “intends”, “estimates”, “expects” and similar expressions. Infield cautions readers that forward‐looking statemen ts,

including without limitation those relating to Infield’s future operations and bus iness prospects, are subject to certain risks and

uncertainties (including geopolitical risk, regulatory, and exchange rate risk) that could cause actual results to differ mat erially

from those indicated in the forward‐looking statements. There can be no assurance that any forward-looking statement will prove

to be accurate or that management's assumptions underlying such statements , including assumptions concerning future

developments, circumstances or results, will materialize. The forward-looking statements included in this news release are made

as of the date of this new release and Infield does not undertake to update or revise any forward -looking information included

herein, except in accordance with applicable securities laws.