San José Permitting Update

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’), through wholly owned subsidiary Extremadura New Energies, welcomes the ruling 00008/2023 of the Contentious Administrative Court of Cáceres (‘CAC’, or ‘the Court’) ratifying the correct granting of Investigation Permit Ampliación Valdeflórez (‘PIAV’). The Court’s decision upholds the position of both Extremadura New Energies and the Industrial, Energy and Mining Management Service of the Regional Government of Extremadura.

• Court ruling confirms General Urban Development Plan of Cáceres allows extraction activity and industrial development in key project areas.
• Areas within the project tenure can facilitate the construction of a lithium hydroxide plant and portal to the lithium resource under urban planning requirements.
• Confirmation reinforces both the Company’s and Regional Government of Extremadura position.
• Initial Document consultation process commenced.

The Court’s judgement has clarified the General Urban Development Plan of Cáceres facilitates the utilisation of certain areas within PIAV in which the urban land classification allows “extraction activity” and the industrial development of the proposed lithium hydroxide conversion facility. The Court has recently determined other areas within an adjacent area to the PIAV do not allow for extractive activity and the disturbance of the surface based on landclassification under the General Urban Development Plan of Cáceres (see ASX announcement 22 December 2022).

The decision has reinforced compliance under General Urban Development Plan of Cáceres for Extremadura New Energies’ disturbance of the surface areas required for the decline portal within the PIAV area, adjacent to the resource area, and undertake subsurface activities to access the lithium bearing deposit (subject to environmental and mining licences being granted following the assessment of the Exploitation Concession Application).

The Company will now further advance its submission for the lodgement of a direct Exploitation Concession Application (see ASX announcement 22 December 2022). The CEO of Extremadura New Energies, Ramón Jiménez, stressed that "the decision of the Cáceres court ratifies the urban planning compatibility of the work in the Valdeflórez expansion area and supports the option chosen for the exploitation concession application".

The lodgement of the direct Exploitation Concession Application would be facilitated through the Exploration Permit Application Extremadura S.E. The area under the Exploration Permit Application Extremadura S.E includes the total area of PIAV and other areas with the same General Urban Development Plan of Cáceres classification. Extremadura New Energies has lodged the Exploration Permit Application Extremadura S.E. application. Refer to Appendix 1 for the aerial representation of the areas contained within PIAV and Exploration Permit Application Extremadura S.E.

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