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Re:   News - Monday, July 06, 2009
      Infinito Draws Additional $1,500,000 in Convertible Debt
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Infinito Gold Ltd. (the "Company") announces that it has drawn down a
further $1,500,000 under the Secured Convertible Note held by Exploram
Enterprises Ltd. ("Exploram") issued by the Company on February 10,
2009.  Under this drawdown the principal amount of the drawdown may be
converted into shares of the Company at a deemed price of $0.186 per
share, being the 20-day volume weighted average price of the shares of
the Company for the 20 trading days ending on the date of issue.  In
connection with the drawdown Exploram was also issued 8,064,516 common
share purchase warrants (the "Warrants").  The $1.5 million will be
used to continue payments on capital items being delivered to the
Crucitas mine project in Costa Rica, working capital and corporate
general and administrative expenses. 

The terms of the Secured Convertible Notes are described in detail in
the Company's news release of February 10, 2009.  Exploram waived
certain conditions precedent to the Company's right to drawdown these
funds under the Secured Convertible Notes, including the requirement
for the issue of a favourable decision in respect of the Costa Rican
legal challenge to the grant of a change of land use permit for the
Crucitas mine announced by the Company on October 21, 2008.  The
Company is still waiting a ruling on this issue from the Constitutional
Court, or Sala IV in Costa Rica.  This waiver only applied to this
drawdown.  The payment of the structuring fee in respect to this
drawdown in the amount of $45,000 has been deferred.

The Warrants issued at closing are exercisable until July 6, 2014 and
each Warrant entitles the holder to acquire one share of the Company at
$0.186 per share.

Before the drawdown Exploram held 61,154,490 shares of the Company and
common share purchase warrants and a Secured Convertible Note of the
Company entitling it to acquire a further 375,706,077 common shares of
the Company.  As a result of this $1,500,000 drawdown, Exploram will be
entitled to acquire a further 16,129,032 common shares of the Company
upon conversion in full of the additional principal due under its
Secured Convertible Note and exercise of the Warrants.  The Company
presently has 122,184,289 shares outstanding.

The Warrants and any shares issuable under the Warrants and the Secured
Convertible Note in respect of the amount drawn down are subject to a
hold period expiring on November 7, 2009.

Caution Regarding Forward-Looking Information and Statements

Certain statements in this press release address future events and
conditions and, as such, involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
These factors include, among others, the inherent risks involved in the
exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological data,
fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, uncertainties relating to the
availability and costs of financing needed in the future, the
possibility that all necessary governmental and regulatory approvals
will not be received, and the availability of a qualified workforce and
third party contractors necessary for the development and operation of
a mine. The Company undertakes no obligation to update these
forward-looking information or statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking information or
statements.

INFINITO GOLD LTD.

John Morgan
President

"The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release."

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Copyright (c) 2009 INFINITO GOLD LTD. (IG)  All rights reserved.  For
more information visit our website at http://www.infinitogold.com/ or
send mailto:info@infinitogold.com
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