Infinity Stone Ventures Corp. Closes $500,000 Flow Through Private Placement

Vancouver, Dec. 16, 2022 - Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to announce that it has closed a non-brokered private placement of 1,250,000 flow-through Units (each a "FT Unit") at a price of $0.40 per FT Share for gross proceeds of $500,000 (the "FT Offering"). Each FT Unit is comprised of one (1) Class A Subordinate Voting Share (a "Share") and one-half (1/2) of one share purchase warrant (a "FT Warrant"). Each whole Warrant is exercisable into one (1) Share (a "FT Warrant Share") at a price of $0.65 for a period of two (2) years from the date of issuance.

In connection with the FT Offering, the Company issued 87,500 finders' warrants, and paid finder's fees of $35,000.00. Each finders' warrant is exercisable at a price of $0.65 for a period of two (2) years from the date of issuance.

The gross proceeds from the FT Offering will be used to incur eligible "Canadian exploration expenses" (CEE) that are "flow-through mining expenditures" (as such term is defined in the Income Tax Act (Canada)) related to the Company's mining projects.

The securities referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.


About Infinity Stone Ventures

Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.

To register for investor updates please visit https://infinitystone.ventures.



Contact

Infinity Stone Ventures Corp.
Zayn Kalyan, CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca



The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.


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