Infinito Gold Ltd. (the "Company")
(TSX-V: IG - News) announces that on
November 30, 2010 Exploram Enterprises Ltd. ("Exploram") and Auro
Investments Ltd. ("Auro", and together
with Exploram, the "Noteholders"),
who in turn hold the outstanding $50.5 million Secured Convertible Notes (the
"Notes") of the Company, granted a waiver of a termination event
(the "Waiver") under the Standstill Agreement executed on June 30,
2010 between the Company and the Noteholders.
Specifically, the Noteholders
granted the Company a waiver to the earlier of January 21, 2011 or three (3)
business days subsequent to the receipt of written revocation of the waiver
by the Noteholders, with respect to the proceedings
related to the Tribunal Contencioso Adminastrativo which otherwise would have been a
termination event on November 30, 2010 under the Standstill Agreement.
This waiver represents the fourth time
since June 30, 2010 that the Noteholders have
waived events of default relating to the Tribunal proceedings.
INFINITO GOLD LTD.
John Morgan President
"Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release"
For further information
INFINITO GOLD LTD. 216, 102 - 8thAvenue
S.W. Calgary, Alberta T2P 1B3 Telephone: (403) 444-5191