Infinito Gold Ltd. announced a further advance of $130,000 under the demand loan facility (the Loan) provided by Exploram Enterprises Ltd. (Exploram), the company's major shareholder. A condition of the advance was the transfer of certain data relating to the Crucitas gold project in Costa Rica (the Data) as nominal consideration (the Data Transfer). The funds were advanced promptly after Infinito provided notice to Exploram. In addition to the $300,000 advanced under the Loan as previously announced, the additional funds advanced conditional upon the Data Transfer are expected to satisfy the company's immediate working capital requirements through March 2015. Under the terms of the Data Transfer, the company is permitted access to the Data if the company requires access in connection with the arbitration claim
against the Government of the Republic of Costa Rica or other legal or regulatory proceedings. The company will continue to work with its major shareholder, Exploram, to secure funding on a short-term basis, as required, to be used to finance the company's short-term working capital requirements. Any such further funding, including in relation to the remaining $320,000 potentially available to the company under the Loan, is at the sole discretion of Exploram.