CALGARY, AB / ACCESSWIRE / November 27, 2020 / Valeura Energy Inc. (TSX:VLE)(LSE:VLU) ("Valeura" or the "Company"), an upstream oil and gas company with assets in the Thrace Basin of Turkey, announces that effective November 25, 2020 it has terminated an aggregate of 1,957,500 incentive stock options, which were issued to a number of employees, officers, directors, and consultants, including an individual engaged in investor relations activities on behalf of the Company (collectively, the "Optionees").

By a series of option termination agreements, the Company and the Optionees have agreed to terminate those options granted between March 2018 and September 2019, which carry exercise prices between C$2.54 and C$4.62 per share. Optionees will receive nominal consideration of one cent (C$0.01) per terminated option. No options are being granted by the Company in conjunction with these terminations.

Among the Optionees were certain persons discharging managerial responsibilities ("PDMR"), as detailed below.

PDMR

Position

Volume terminated

Sean Guest

Executive Director, President and Chief Executive Officer

575,000

Gordon Begg

Vice President, Commercial

300,000

Rob Sadownyk

Vice President, Exploration

210,000

Russell Hiscock

Non-Executive Director

152,500

Heather Campbell

Chief Financial Officer

135,000

Kimberley Wood

Non-Executive Director

100,000

Tim Marchant

Non-Executive Chairman

87,500

Jim McFarland

Non-Executive Director

87,500

Ron Royal

Non-Executive Director

87,500

For further information please contact:

Valeura Energy Inc. (General and Investor Enquiries) +1 403 237 7102
Sean Guest, President and CEO
Heather Campbell, CFO
Robin Martin, Investor Relations Manager
Contact@valeuraenergy.com, IR@valeuraenergy.com

Canaccord Genuity Limited (Corporate Broker) +44 (0) 20 7523 8000
Henry Fitzgerald-O'Connor, James Asensio

CAMARCO (Public Relations, Media Adviser) +44 (0) 20 3757 4980
Owen Roberts, Billy Clegg, Monique Perks, Hugo Liddy
Valeura@camarco.co.uk

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This announcement is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Valeura Energy Inc.

ReleaseID: 618548

HALIFAX, NS / ACCESSWIRE / November 26, 2020 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NMI") (TSXV:NMI) is pleased to provide an update on progress on the Lofdal Heavy Rare Earth Project in northern Namibia "Lofdal" or "the project"). Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation ("JOGMEC") which is operating under a Term 1 budget of CD$4,100,000 (Company press release September 21, 2020). Highlights of the program to date are as follows:

14,000 m diamond drilling completed in last 8 months with positive results confirming unique primary heavy rare earth mineralisation of district scale

Significant extension of Area 4 deposit along strike and at depth (highest grade intercept 3 m @ 1,773 ppm Dy2O3), deposit remains open to the west and at depth

First systematic resource drilling of a satellite heavy rare earth deposit completed at Area 2B with positive results. Drilling confirms two to three subparallel dysprosium mineralized zones (highest grade intercept from first 7 analysed boreholes 1 m @ 893 ppm Dy2O3); Area 2B to be added to 43-101 resource estimate

Site due diligence for 43-101 report completed by MSA Group. Updated resource estimate on schedule for delivery end of March 2021

Drilling program continues with two rigs for further infill drilling at Area 4 in December, and a systematic drill test of a second satellite deposit at Area 5C in January-February 2021.

Don Burton, President of Namibia Critical Metals stated "Drilling has now extended the strike length of Area 4 by 60%, from 700 meters to 1,125 meters, and the provision of an additional $1.1M has allowed us to accelerate drilling with two rigs and to add our first satellite deposit to the resource estimation. The delivery of an updated resource estimate remains on schedule following the site visit by MSA Group which was a key component of their technical due diligence for the 43-101 report. This has been a very successful drilling campaign. An impressive amount of work has been completed on Lofdal and we are particularly grateful to our team in Namibia for their dedication to getting the job done during these extraordinary times, and to JOGMEC for their diligent support."

The Lofdal Heavy Rare Earths Project is located 450 kilometers northwest of the capital city of Windhoek in the Kunene Region of north-western Namibia. The project area covers 314 square kilometers centered on the Lofdal carbonatite complex which hosts a number of rare earth occurrences, including the Area 4 deposit. Mineralization at Area 4 is dominated by xenotime, which is highly enriched in heavy rare earths.

Lofdal is unique as one of only two primary xenotime deposits under development in the world, the other deposit being Browns Range in Australia. As demonstrated in the Preliminary Economic Assessment1 Lofdal has the potential for significant production of dysprosium and terbium, the two most valuable heavy rare earths used in high powered magnets. The joint venture with JOGMEC is driven by Lofdal's potential to be a long term, sustainable supply of heavy rare earths for Japan.

Drilling Program Summary and Highlights

Drilling in the Term 1 program has focused on doubling the size of the existing Area 4 resource. With the injection of an additional CD$1,100,000 to the Term 1 budget (Company press release September 12, 2020) sufficient drilling has now been completed to add Area 2B to the planned 43-101 update. Results from the first ten holes in Area 4 were previously reported (Company press release June 18, 2020) and results from an additional thirteen holes in Area 4 and seven holes in Area 2B are reported here. Reconnaissance drilling on the Northern Splay and Dolomite Hill targets did not return significant results. Drilling will be completed in Area 4 in December and following the Christmas beak, will resume in Area 5C where additional resource targets will be evaluated.

Expansion of the Area 4 Resource

The main objective of the Area 4 drilling program is to double the size of the current mineral resource which covers a strike length of 700 meters to depths of 125-225 vertical meters. At a cut-off grade of 0.10% TREO the current mineral resource1 is estimated to be:

Drilling at Area 4 has now extended the strike length of the mineralized zone from 700 meters to 1,100 meters and to depths of 250-350 vertical meters (Figure 1). The MSA Group ("MSA") of South Africa has been engaged to update the Area 4 resource which will incorporate all the new drilling and is scheduled for delivery before March 31, 2021. As part of its due diligence process, MSA has recently completed a one week site/in-country visit to review all technical aspects of the project including the Company's standard operating procedures and quality assurance quality control ("QAQC") programs. Considerable time was dedicated to vetting the geological model and continuity of the mineralization. Following recommendations from MSA, nine drill holes will be completed in the central part of the deposit to increase the level of confidence in resource classification before drilling stops in mid December (Figure 1).

Highlights of heavy rare earth enriched zones from Area 4 to date include:

22 m @ 0.29% TREO with 199 ppm Dy2O3 and 67.7% heavy rare earth enrichment in L4D0120 (including 3 meters @ 0.87% TREO with 668 ppm Dy2O3 and 89.0% heavy rare earth enrichment)

15 m @ 0.32% TREO with 187 ppm Dy2O3 and 62.5% heavy rare earth enrichment in L4D0121 (including 3 meters @ 0.51% TREO with 367 ppm Dy2O3 and 79.3% heavy rare earth enrichment)

6 m @ 0.33% TREO with 295 ppm Dy2O3 and 86.9% heavy rare earth enrichment in L4D0119 (including 2 meters @ 0.52% TREO with 494 ppm Dy2O3 and 93.1% heavy rare earth enrichment)

6 m @ 0.23% TREO with 161 ppm Dy2O3 and 70.3% heavy rare earth enrichment in L4D0130 (including 1 meter @ 0.75% TREO with 668 ppm Dy2O3 and 93.7% heavy rare earth enrichment)

5 m @ 0.36% TREO with 335 ppm Dy2O3 and 68.7% heavy rare earth enrichment in L4D0131 (including 1 meter @ 1.43% TREO with 1,446 ppm Dy2O3 and 96.1% heavy rare earth enrichment)

3 m @ 1.14% TREO with 688 ppm Dy2O3 and 70.7% heavy rare earth enrichment in L4D0135 (including 1 meter @ 2.18% TREO with 1,773 ppm Dy2O3 and 97.3% heavy rare earth enrichment)

Details of all thirteen newly reported drill holes from Area 4 are provided in Table 1 and a complete listing of all analytical results is provided in Table 2. Intercept widths are reported as down the hole widths and are not necessarily true widths.

Field operations follow strict company Standard Operating Procedures with regards to drilling practices, sampling procedures, security of transport and analytical procedures as per recommendations in the Canadian Institute of Mining, Metallurgy and Petroleum CIM's Best Practices Guidelines (2018), which includes strict internal QAQC procedures for the insertion of blanks, standards and duplicates. QAQC samples account for 10% of samples submitted in each batch. Sample preparation and analytical work for the drilling program is being provided by Activation Laboratories Ltd. ("Actlabs" Windhoek, Namibia and Ancaster, Ontario) employing appropriate crushing and pulverization procedures (Actlabs Code RX-1) on half sawn core samples provided from the selected intervals, and utilizing lithium metaborate/tetraborate fusion and ICP-MS techniques suitable for rare earth element analyses (Actlabs Code 8). Activation Laboratories is an ISO/IEC 17025 accredited laboratory.

Development of Area 2B as Satellite Deposit

Following discussions with the Joint Venture Management Committee, JOGMEC provided additional funds to the Term 1 budget (Company press release September 21, 2020) that provided for drilling in Area 2B with the objective of confirming the potential to develop additional resources in satellite deposits at Lofdal. Area 2B is located three kilometers northwest of Area 4 and was first identified by trenching and reconnaissance drilling in 2011. Seventeen holes were drilled in the area for a total of 2,133 meters, however no historic resource estimate was developed. An additional 4,400 meters of drilling has now been completed in 29 holes (Figure 2) and following consultation with MSA, it has been agreed that sufficient work has been completed to undertake a maiden resource for this zone.

Mineralization at Area 2B is very similar to Area 4 with two to three narrow dysprosium mineralized zones. Highlights of dysprosium enriched zones from Area 2B to date include:

8 m @ 0.24% TREO with 200 ppm Dy2O3 and 86.7% heavy rare earth enrichment in L2BD0028 (including 1 meter @ 0.58% TREO with 505 ppm Dy2O3 and 94.1% heavy rare earth enrichment)

7 m @ 0.72% TREO with 254 ppm Dy2O3 and 31.1% heavy rare earth enrichment in L2BD0040 (including 1 meter @ 2.01% TREO with 580 ppm Dy2O3 and 22.3% heavy rare earth enrichment)

4 m @ 0.44% TREO with 402 ppm Dy2O3 and 93.3% heavy rare earth enrichment in L2BD0042 (including 1 meter @ 0.98% TREO with 893 ppm Dy2O3 and 97.9% heavy rare earth enrichment)

2 m @ 1.21% TREO with 753 ppm Dy2O3 and 56.1% heavy rare earth enrichment in L2BD0028

Details of all seven reported drill holes from Area 2B are provided in Table 3 and a complete listing of all analytical results is provided in Table 4. Intercept widths are reported as down the hole widths and are not necessarily true widths. Laboratory procedures and QAQC programs are the same as has been reported for Area 4 above.

JOGMEC Joint Venture Agreement

As previously announced (Company press release January 27, 2020), the joint venture agreement with JOGMEC provides for the two companies to jointly explore, develop, exploit, refine and/or distribute mineral products from Lofdal. JOGMEC has the right to earn an interest in stages following an initial non-refundable exploration commitment of CD$3,000,000 (Term 1). Subsequent financial commitments may be exercised at the sole discretion of JOGMEC upon completion of each phase with Term 2 requiring a CD$7,000,000 contribution to earn 40% interest in Lofdal, Term 3 requiring a CD$10,000,000 contribution for an additional 10% interest in Lofdal after which JOGMEC may elect to acquire an additional 1% interest for CD$5,000,000. The agreement contemplates completion of a feasibility study for Lofdal at the end of Term 3 and makes provision for JOGMEC to elect to exclusively fund development of Lofdal provided that the Company's interest will not be diluted below 26%. The additional expenditure of CD$1,100,000 during Term 1 can be credited towards the Term 2 expenditure commitment of CD$7,000,000. Please refer to the Company press release of January 27, 2020 for further details.

Figure 1 – Area 4 Drill Plan showing historic drill holes (black), holes reported June 18 (red) and holes reporting this press release (blue). Holes drilled but pending analyses (green and yellow) and planned holes (orange). Limits of the current 43-101 resource shown by dashed black line.

Figure 2 – Area 2B Drill Plan showing historic drill holes (black), holes reporting this press release (blue) and holes drilled but pending analyses (green).

NOTE: "TREO" refers to total rare earth oxides; "HREO" refers to heavy rare earth oxides; "heavy rare earths" as used in all Company presentations comprise europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu) and yttrium (Y). Light rare earths comprise lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd) and samarium (Sm). "HREE" refers to heavy rare earth enrichment which is the ratio of HREO:TREO, expressed as a percentage

NOTE: "TREO" refers to total rare earth oxides; "HREO" refers to heavy rare earth oxides; "heavy rare earths" as used in all Company presentations comprise europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu) and yttrium (Y). Light rare earths comprise lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd) and samarium (Sm). "HREE" refers to heavy rare earth enrichment which is the ratio of HREO:TREO, expressed as a percentage

About Namibia Critical Metals Inc.

Namibia Critical Metals Inc. holds a diversified portfolio of exploration and advanced stage projects in the country of Namibia focused on the development of sustainable and ethical sources of metals for the battery, electric vehicle and associated industries. The two advanced stage projects in the portfolio are Lofdal and Epembe. The Company also has significant land positions in areas favourable for gold mineralization.

Heavy Rare Earths: The Lofdal Heavy Rare Earth Project is the Company's most advanced project having completed a Preliminary Economic Assessment in 2014 and full Environmental Impact Assessment in 2017. An application has been made for a mining licence at Lofdal. The project is now in joint venture with Japan Oil, Gas and Metals National Corporation ("JOGMEC") who are funding the current CD$4,100,000 drilling and metallurgical program with the objective of doubling the resource size and optimization of the process flow sheet.

Gold: At the Erongo Gold Project, stratigraphic equivalents to the sediments hosting the recent Osino gold discovery at Twin Hills have been identified but not yet sampled. Soil surveys are progressing over this highly prospective area. The Grootfontein Base Metal and Gold Project which has potential for magmatic copper-nickel mineralization, Mississippi Valley-type zinc-lead-vanadium mineralization and Otjikoto-style gold mineralization. Detailed interpretation of geophysical data and regional geochemical soil sampling surveys are under way.

Tantalum-Niobium: In addition to Lofdal, the Epembe Tantalum-Niobium Project is also at an advanced stage with a well-defined, 10 km long carbonatite dyke that has been delineated by detailed mapping with over 11,000 meters of drilling. Preliminary mineralogical and metallurgical studies including sorting tests (XRT), indicate the potential for significant physical upgrading. Further work will be undertaken to advance the project to a preliminary economic assessment stage.

Copper-Cobalt: The Kunene Copper-Cobalt Project comprises a very large area of favorable stratigraphy ("the DOF") along strike to the west of the Opuwo cobalt-copper-zinc deposit. Secondary copper mineralization over a wide area points to preliminary evidence of a regional-scale hydrothermal system. Exploration targets on EPLs held in the Kunene project comprise direct extensions of the DOF style mineralization to the west, sediment-hosted cobalt and copper, orogenic copper, and stratabound manganese and zinc-lead mineralization.

The common shares of Namibia Critical Metals Inc. trade on the TSX Venture Exchange under the symbol "NMI".

Donald M. Burton, P.Geo. and President of Namibia Critical Metals Inc., is the Company's Qualified Person and has reviewed and approved this press release.

Neither the 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.

For more information please contact –

Namibia Critical Metals Inc.
Don Burton, President
Tel: +01 (902) 835-8760
Fax: +01 (902) 835-8761
Email: Info@NamibiaCMI.com
Web site: www.NamibiaCriticalMetals.com

The foregoing information may contain forward-looking information relating to the future performance of Namibia Rare Earths Inc. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

1 Preliminary Economic Assessment on the Lofdal Rare Earths Project Namibia dated October 1, 2014 authored by David S. Dodd, B. Sc (Hon) FSAIMM – The MDM Group, South Africa, Patrick J.F. Hannon, M.A.Sc., P.Eng. and William Douglas Roy, M.A.Sc., P.Eng. – MineTech International Limited, Canada, Peter Roy Siegfried, MAusIMM (CP Geology) and Michael R. Hall, B.Sc (Hons), MBA, MAusIMM, Pr.Sci.Nat, MGSSA – The MSA Group, South Africa. The PEA should not be considered to be a pre-feasibility or feasibility study, as the economics and technical viability of the Project has not been demonstrated at this time. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Furthermore, there is no certainty that the PEA will be realized.

-30-

SOURCE: Namibia Critical Metals Inc.

ReleaseID: 618520

NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

TORONTO, ON / ACCESSWIRE / November 26, 2020 / Eskay Mining Corp. ("Eskay" or the "Company") (TSXV:ESK)(OTCQB:ESKYF)(Frankfurt:KN7) (WKN:A0YDPM) is pleased to announce that it amended its agreement with Echelon Wealth Partners Inc. and Eight Capital as co-lead agents (the "Agents") to increase the size of its previously announced "best efforts" private placement offering to up to approximately $11,500,000 of units (the "Units"), traditional flow-through shares (the "FT Shares"), and flow-through units (the "FT Units", and with the Units and FT Shares collectively, the "Offered Securities") of the Company (the "Offering") at a price of $0.90 per Unit (the "Unit Issue Price"), $1.05 per FT Share, and $1.25 per FT Unit.

Each Unit and Each FT Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a "Warrant"), with each Warrant entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price $1.30 for a period of two years following the closing of the Offering.

The Company has also granted the Agents an option to purchase up to an additional 20% of Offered Securities, in such proportion of Units, FT Shares, and FT Units as the Agents may determine, exercisable at any time until 48 hours prior to Closing.

It is anticipated that the net proceeds from the Offering will be used to fund the Company's exploration activities, and for general corporate purposes. The gross proceeds received by the Company from the sale of the FT Shares and FT Units will be used to incur Canadian Exploration Expenses ("CEE") that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company's properties in British Columbia, which will be renounced to the subscribers with an effective date no later than December 31, 2020, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares and FT Units.

The Agents will receive a cash commission (the "Commission") equal to 6.0% of the gross proceeds from the Offering, excluding gross proceeds from the issuance of Offered Securities on a president's list (the "President's List") for which a commission of 3.0% of such gross proceeds will be paid by the Company to the Agents. The Company shall issue to the Agents compensation options (the "Compensation Options") equal to 6.0% of the number of Offered Securities sold under the Offering excluding the President's List and 3.0% of the number of Offered Securities sold under the Offering to subscribers on the President's List. Each Compensation Option shall entitle the holder thereof to subscribe for one Unit at the Unit Issue Price for a period of 24 months from the Closing Date.

The Offering is scheduled to close on or about December 11, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Eskay Mining Corp:

Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwestern British Columbia known as the "Golden Triangle", approximately 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).

All material information on the Company may be found on its website at www.eskaymining.com and on SEDAR at www.sedar.com.

For further information, please contact:

Mac Balkam
President & Chief Executive Officer

T: 416 907 4020
E: Mac@eskaymining.com

Neither the 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Eskay Mining Corp.

ReleaseID: 618493

VANCOUVER, BC / ACCESSWIRE / November 26, 2020 / Infinite Ore Corp. (the "Company") (ILI-TSX:V) (OTCQB:ARXRF) is pleased to announce that it will conduct a VTEM Plus geophysical survey on its Eastern Vision project located in the Red Lake, Ontario Gold Belt. Eastern Vision covers large parts of the Birch-Uchi greenstone belt to the east of the high-grade gold discovery on the Dixie property held by Great Bear Resources Ltd. Results from the VTEM survey as well as the recently announced Spacio-temperal Geochemical Hydrocarbon ("SGH") survey (see PR dated November 3, 2020) will be used to identify additional targets for an upcoming drill program.

VTEM (Versatile Time Domain Electromagnetic) is a system which generates currents that diffuse deep into the earth and take the path of least resistance. Conductive material absorbs the currents and releases a secondary field that the VTEM system measures. The Brich-Uchi greenstone belt has yielded both gold mineralization (e.g. Dixie property) as well as VMS style mineralization (e.g. Garnet Lake deposit). The Company plans to search for both gold mineralisation and other VMS deposits that may exist in the area.

J.C St-Amour, President of Infinite Ore commented, "The Birch-Uchi greenstone belt has been historically explored for base metals, however new high-grade gold discoveries in the area have demonstrated the potential for more gold discoveries. The VTEM and SGH survey's will assist us in developing our next drill program."

In addition, the Company announces that it intends to extend and reprice 39,000,000 warrants (the "Warrants") that were issued in pursuant to private placements that closed on December 22, 2017. The Warrants have an exercise price of $0.20 and are due to expire on December 22, 2020. The Company intends to amend these warrants to have an exercise price of $0.16 per Warrant and extend to expiry date to December 22, 2022. The extension and repricing are subject to TSX Venture Exchange approval.

The Company further announces that a NI 43-101 geological report on the Garnet Lake property has been completed and, as required by the TSX.V regulators, has been submitted for review.

Dr. Michel Bolly, P. Geo, is the qualified person as defined by National Instrument 43-101 has designed and is managing the current exploration program on behalf of the Company and is responsible for approving the technical contents of this press release.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Neither the 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: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.

ReleaseID: 618506