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Infield Minerals Issues Shares for Kings Canyon Gold Property Option Payment

VANCOUVER, BC / ACCESS Newswire / July 2, 2026 / Infield Minerals Corp. (TSXV:IN) (" Infield...

articleBravern Ventures Ltd.July 2, 20263/news/infield-minerals-issues-shares-for-kings-canyon-gold-property-option-payment-1
Infield Minerals Issues Shares for Kings Canyon Gold Property Option Payment

About this update from Bravern Ventures Ltd.

Infield Minerals Issues Shares for Kings Canyon Gold Property Option PaymentVANCOUVER, BC / ACCESS Newswire / July 2, 2026 / Infield Minerals Corp. (TSXV:IN) ("Infield" or the "Company") further to its press release dated June 22, 2026, is pleased to announce that it has issued 1,508,092 common shares of the Company at a deemed price of $0.066309 per share to Geomark Minerals USA Inc. ("Geomark") in connection with the third option payment due under the option agreement (the "Kings Canyon Option Agreement") relating to the Company's Kings Canyon Property in the state of Utah, USA (the "Property"). The common shares are subject to a statutory hold period expiring November 3, 2026.Pursuant to the terms of the Kings Canyon Option Agreement, in order to earn a 100% undivided interest in the Property, subject to pre-existing royalties ranging from two to five percent, the Company must pay to Geomark a total of $1,200,000 over a period of forty-eight (48) months in accordance with the following schedule; $300,000 within five days of closing of the acquisition (paid); $300,000 on or before December 24, 2024 (paid one-half in cash and one-half through the issuance of common shares of the Company), $200,000 on or before June 24, 2026, one-half of which may be paid in common shares of Infield1, at its sole option; $200,000 on or before June 24, 2027, one-half of which may be paid in common shares of Infield1, at its sole option, and $200,000 on or before June 24, 2028, one-half of which may be paid in common shares of Infield1, at its sole option.Following exercise of the Option and transfer of the Property to the Company, Infield shall make the following payments to Geomark if the following events occur; $1,000,000 upon filing of a 43-101 Technical Report describing 400,000 ounces or more of Mineral Product2 within the Property; and $2,000,000 upon achievement of aggregate production of no less than 5,000 ounces of Mineral Product2 from mining operations on the Property.A copy of the 43-101 Technical Report3 regarding the Kings Canyon Property (as defined below) is accessible under Infield's profile on SEDAR (www.sedarplus.ca).For more information, please contact Evandra Nakano, the CEO, President and a director of the Company, at +1 (604) 220-4691 or email: [email protected] Behalf of the Board of Directors of Infield Minerals Corp.Evandra NakanoPresiden...

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