Infinito Gold Ltd. has received waivers of events of default under the outstanding $50,500,000 Secured Convertible Notes of the company held by Exploram Enterprises Ltd. and Auro Investments Ltd. When the Notes were issued, the company and the Noteholders expected the current Costa Rican legal challenge to the grant of a change of land use permit for the Crucitas mine before the SALA IV in Costa Rica would be resolved in time to permit the company to complete the drawdown of funds under a project debt financing facility to finance commencement of construction at the Crucitas project by September 30, 2009. Consistent with this view, the Notes provided that it would be an Event of Default if the Sala IV proceedings had not been resolved favourably by June 30, 2009 and if the first drawdown under a project debt financing facility did not occur by September 30, 2009 and the first interest payment due under the Notes was payable on September 30, 2009. As the court proceedings have not been resolved, the Company has not completed a drawdown under a project debt financing facility and does not have the funds to fund payment of interest due on September 30, 2009. The Noteholders have granted the Company a waiver of the events of default associated with its non-compliance with each of these provisions until November 30, 2009. In addition, as of September 30, 2009, the Company owed $4.4 million in accrued interest, plus structuring fees of $510,000 to the Noteholders , and the Noteholders have agreed to defer payment of these fees by the Company (and waived the defaults related to non-payment) until November 30, 2009. Interest is accruing on these unpaid amounts at a rate of 15% per annum. These waivers represent the fifth time since June 30, 2009 the Noteholders have waived events of default relating to the delay in receipt of a decision by the SALA IV, each previous waiver having been given for a period of approximately one month.

Infinito Gold Ltd. reported un-audited consolidated earnings results for the three months ended June 30, 2009. For the period, net and comprehensive loss was CAD 3,569,705 or CAD 0.03 basic and diluted loss per share compared to net and comprehensive loss of CAD 1,466,219 or CAD 0.01 basic and diluted loss per share of previous year period. Cash used in operating activities was CAD 650,707 against CAD 2,055,414 for the same period last year. Purchase of property, plant and equipment was CAD 1,601,832 compared to CAD 2,859,206 of previous year period.

Infinito Gold Ltd., Annual General Meeting, Sep 22, 2009, at 02:00 Mountain Daylight. Location: Hyatt Regency Calgary, Neilson Room #1, 700 Center Street, S.E. Calgary Alberta T2G 5P6,Canada. Agenda: To receive the consolidated financial statements, together with the auditors report thereon for the year ended March 31, 2009; to elect directors for the ensuring year; to elect auditors for the ensuring year; to authorize the directors to fix the remuneration to be paid to the auditors; to approve and ratify the company's stock option plan; and to transact such further or other business as may properly come before the meeting and any adjournments thereof .