Mining minerals

Infield Minerals Terminates Option Agreement on M1 Property

VANCOUVERInfield Minerals Corp. (TSXV: INFD) (“Infield” or the “Company”) announces that effective June 30, 2022the Company has chosen to terminate its option contract on the date of June 30, 2020as amended, with Mercury Exploration Nevada Inc.

The M1 Option Agreement granted Infield the right to acquire a 100% interest in certain mineral claims in the state of nevadahowever, following its assessment of the exploration results received in 2021 and 2022, the Company elected to cease operations under the M1 option agreement and focus its exploration campaigns on its owned Desperado property. 100% in Nevada. The Company will continue to fulfill its reclamation obligations on the M1 property and expects to complete the reclamation work later this year.

“At an early stage of exploration, it is 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 advancing Desperado through systematic exploration to drill-ready status,” said Evandra NakanoPresident and CEO of Infield. Ms Nakano continued, “The compelling targets that have emerged from our work at Desperado over the past year make this the clear priority of our exploration focus in 2022 and we look forward to testing Desperado drilling in the weeks ahead. “

Contact:

Evandra Nakano

Tel: +1 (604) 220-4691

Email: [email protected]

About Infield

Field Minerals currently exploring for gold and silver in mines favorable to mining Nevada. Our mission is to grow and create value through the discovery, acquisition 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 assessment experience.

Forward-looking statements

Statements included in this announcement, including statements regarding 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 things, exploration plans for the Desperado property. Forward-looking statements may, but are not always, identified by words such as “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 forward-looking statements will prove to be accurate or that management’s assumptions underlying such statements, including assumptions regarding future developments, circumstances or results, will materialize. The forward-looking statements included in this press release are made as of the date of this further release, and Infield does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.