Infield Minerals Terminates Option Agreement ON the M1 Property
1 | Infield Minerals Corp.
1600 – 609 Granville Street
Vancouver, BC V7Y 1C3
INFIELD MINERALS TERMINATES OPTION AGREEMENT ON THE M1 PROPERTY
June 30, 2022 – Vancouver, BC, Canada. Infield Minerals Corp. (TSX-V: INFD) (“Infield” or the
“Company”) announces that effective June 30, 2022, the Company has opted to terminate its option
agreement dated June 30, 2020, as amended, with Mercury Exploration Nevada Inc. (the “M1 Option
Agreement”). The M1 Option Agreement granted Infield the right to acquire a 100% interest in certain
mining claims in the State of Nevada, however, following its assessment of exploration results received in
2021 and 2022, the Company has elected to discontinue its activities under the M1 Option Agreement
and focus its exploration campaigns on its 100% owned Desperado property in Nevada. The Company will
continue to carry out its reclamation obligations on the M1 property and expects to complete the
reclamation work later this year.
“At an early exploration stage, i t’s important to direct our resources to where we see the greatest
potential for discovery success. As such, we have shifted focus from the M1 property to the Desperado
property after having advanced Desperado through systematic exploration to a drill ready status,” stated
Evandra Nakano, President and CEO of Infield. Ms. Nakano continued, “The compelling targets that have
come out of our work at Desperado over the past year make it the clear priority for our exploration focus
in 2022 and we look forward to drill testing Desperado in the coming weeks.”
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 and silver in mining-friendly Nevada. 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
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, the exploration plans for the Desperado property. Forward‐looking statements may be,
but are not always, identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar
expressions. Infield cautions readers that forward‐looking statements, including without limitation those relating to Infield’s future
operations and business prospects, are subject to certain risks and uncertainties (including geopolitical risk, regulatory, COVID-19
and exchange rate risk) that could cause actual results to differ materially 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
2 | Infield Minerals Corp.
undertake to update or revise any forward -looking information included herein, except in accordance with applicable securities
laws.