Infinito Gold Ltd. announced that it has accepted an offer of a demand loan facility for $250,000 from Exploram Enterprises Ltd. its major shareholder, and that all of the $250,000 has been advanced to the company. The closing occurred promptly upon acceptance of the offer by Infinito as the funds were required urgently. The indebtedness under the Loan is to be secured under the existing General Security Agreement between the company and Exploram delivered in connection with the sale of convertible notes of the company on February 10, 2009.

The Loan is non-interest bearing. The Loans are in addition to $18.0 million of principal in other demand loans that are also payable to Exploram, and is in addition to $50.5 million in principal owed under the Prior Notes. All indebtedness under the Loan is repayable on demand at any time and may be prepaid in whole or in part without penalty.

In addition, all indebtedness under the Loans shall rank equally with the other Demand Loans and senior to all other indebtedness of the company. There are no structuring fees to be paid by the company in conjunction with the Loan.