VANCOUVER, BC / ACCESS Newswire / June 22, 2026 / Infield Minerals Corp. (TSXV:IN) ("Infield" or the "Company") is pleased to announce that it has paid $100,000 to Geomark Minerals USA Inc. ("Geomark"), and subject to TSX Venture Exchange approval, intends to issue 1,508,092 common shares of the Company at a deemed price of $0.066309 per share to Geomark, both 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 to be issued will be subject to a statutory hold period of four months plus one day.
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.
