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Re:   News - Thursday, September 18, 2008
      Infinito Awards Project Financing Mandate to BNP Paribas
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Calgary, Alberta, Infinito Gold Ltd. ("Infinito Gold" or the "Company")
is pleased to announce that it has signed an engagement letter under
which it has given BNP Paribas an exclusive mandate to act as lead
arranger of a $US 66 million debt financing facility to complete the
construction and start-up of Infinito Gold's 100% owned Crucitas Gold
Mine Project located in north central Costa Rica.  The financing is
subject to BNP Paribas completing its due diligence process, which has
commenced, and settlement of the terms of the facility.
 
Infinito Gold is a gold exploration and development company based in
Calgary, Alberta, in the process of transitioning from junior explorer
to gold producer. The development of the Crucitas Gold Mine Project is
underway in Costa Rica with gold production scheduled to begin in late
2009. This signifies a major step forward for Infinito Gold and its
shareholders.

"We are pleased to be working with the BNP Paribas team to bring the
Crucitas Gold Mine Project into production" said John Morgan, President
and CEO of Infinito Gold. Steven Dean, the Chairman of Infinito Gold,
said "The combination of the proven financial capability of BNP Paribas
coupled with the quality project team currently at work in Costa Rica
gives us great confidence that this project will be developed in an
environmentally and socially responsible manner to the benefit of our
shareholders, employees and local stakeholders."

On July 17, 2008 the Company announced the results of a feasibility
study on the Crucitas Gold Mine Project prepared by Micon International
Limited.  The project economics set forth in this study are considered
by the Company to be robust due to a number of factors including a low
strip ratio of 0.6 tonnes of waste per tonne of ore, high gold
recoveries averaging over 92 percent and a relatively low initial
capital cost of $US 66.2 million. The mine operating costs are
estimated to be below US$ 350 per ounce, net of silver credits.  The
feasibility study may be found with the Company's filings at
www.sedar.com.  The forgoing scientific and technical information has
been prepared under the supervision of Ian Ward P. Eng., a qualified
person under NI 43-101, who is independent of the Company.

Construction has been underway since June of this year and several
buildings have been completed on site along with access road
improvements, bridge installation and site preparation.  Most of the
large mill components have been delivered to the site and the project
is on schedule and on budget for completion in late 2009.

The Company announced on August 29, 2008 that it had completed a
non-brokered private placement for an aggregate of $CDN 18 million with
Exploram Enterprises Ltd. and Auro Investments Ltd. which funds are
anticipated to supply the required funding for mine construction until
the financing with BNP Paribas can be completed.

BNPP is an AA+ rated world class financial institution with a full
range of product and distribution capabilities, including a dedicated
group specializing in providing project finance services to the energy,
metals and mining industries.  A market leader, BNP Paribas ranked #1
global Mandated Lead Arranger in project finance by Thomson Financial
in 2007. 
 
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) 2008 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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