Infinitum Copper Corp. entered into a letter of intent to acquire Bayshore Petroleum Corp. (TSXV:BSH) for CAD 13.6 million in a reverse merger transaction on May 17, 2021. Infinitum Copper Corp. entered into an amalgamation agreement to acquire Bayshore Petroleum Corp. in a reverse merger transaction on June 25, 2021. Upon completion of the Acquisition, BSH will issue BSH Consolidated Shares to the holders of Infinitum shares on a one-for-one basis. It is anticipated Infinitum will have 26,450,000 outstanding Infinitum shares at closing; and issue BSH Consolidated Shares to Minaurum on the basis that Minaurum will hold 16% of the aggregate number of BSH Consolidated Shares outstanding on closing (such that Minaurum will receive 5,609,524 BSH Consolidated Shares, more or less). It is anticipated that current shareholders of Bayshore will own approximately 11.34% of the outstanding common shares of Bayshore upon completion of the Acquisition. one Consolidated Bayshore Share for each Infinitum Share outstanding immediately prior to closing of the Acquisition, including those issued in connection with the Financing; one Consolidated Bayshore Share purchase warrant in exchange for each Infinitum Warrant outstanding immediately prior to completion of the Acquisition on the same terms and conditions as the Infinitum Warrants; and one Consolidated Bayshore Share purchase finder's warrant in exchange for each Infinitum Finders' Warrant outstanding immediately prior to closing of the Acquisition, on the same terms and conditions as the Infinitum Finders' Warrants. Bayshore anticipates issuing 34,043,652 post-consolidated common shares for an aggregate deemed price of CAD 13,617,461 for the Acquisition. It is anticipated that the Resulting Issuer will have 37,043,652 post-consolidated common shares outstanding upon completion of the Acquisition. It is also anticipated that Bayshore will change its name to a name determined by Infinitum in connection with completion of the Acquisition. On closing, the Bayshore Board of Directors and management team will be reconstituted to consist of a number of directors determined by Infinitum. In addition, Infinitum and Subco will amalgamate under the terms and conditions prescribed in the Definitive Agreement, and continue as one corporation (Amalco) under the name of Infinitum Copper Mining Corp. Bayshore Petroleum will seek shareholder approval to increase the number of directors of Bayshore Petroleum from four to seven. On completion of the Acquisition, Bayshore Petroleum 's board of directors and management team will be reconstituted to consist of a number of directors and officers determined by Infinitum, Steve Robertson, Director, President and Chief Executive Officer of Infinitum as Director as President and Chief Executive Officer post completion, Michael Wood Director of Infinitum as Director, Chief Financial Officer and Corporate Secretary post completion, Mahendra Naik as Director, Chairman of the Board post completion, Ivan Po Kwong Chan, Director of Bayshore, Chairman of the Bayshore Board as Director of Bayshore post completion, Garrick Mendham and Karen Ovegren as Director of Bayshore post completion, Marco Roque Director of Infinitum as Director of Bayshore post completion.

The transaction is subject to Infinitum closing of a total finance of CAD 4 million in two tranches; BSH will (a) restructure its existing business and consolidate of its total outstanding shares to three million (3,000,000) shares (Consolidated Shares); completion of the financing, the Bayshore disposition and the Bayshore debt restructuring, execution of a definitive agreement between Bayshore and Infinitum, receipt of all regulatory and third party approvals, including the approval of the Exchange; approval of the shareholders of Bayshore and Infinitum including Bayshore shareholder approval to the continuation of Bayshore Petroleum from Alberta into British Columbia following closing; satisfactory due diligence by each party of the other; receipt of required financial statements of Infinitum and NI 43-101 technical reports on the material properties of Infinitum, each in form and substance reasonably satisfactory to Bayshore; and other customary conditions to closing. As of May 31, 2021 it is anticipated that Bayshore will seek approval of its shareholders either at a special meeting of shareholders to be held on or before July 30, 2021 or, if permitted by the Exchange, by the written consent of the holders of a majority of Bayshore's outstanding shares. As of June 29 ,2021, Bayshore intends the annual and special meeting of the shareholders to be held on August 6, 2021. On August 6, 2021, BSH shareholder approved the transaction. As of February 11, 2022, conditional approval from the TSX Venture Exchange has been received. As of August 27, 2021, transaction is expected to close on February 28, 2022. Computershare Trust Company of Canada acted as registrar and transfer agent to Bayshore.

Infinitum Copper Corp. completed the acquisition of Bayshore Petroleum Corp. (TSXV:BSH) in a reverse merger transaction on February 25, 2022. The Company changed its name to “Infinitum Copper Corp.” The officers and directors of the Company are: Steve Robertson, President, Chief Executive Officer and Director; Michael Wood, Chief Financial Officer, Corporate Secretary and Director; Mahendra Naik, Chairman, Director; Ivan Po Kwong Chan, Director; Garrick Mendham, Director; and Marco Roque, Director. Trading of the Company's shares will resume at the open on March 16, 2022.