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LAS CRISTINAS - VENEZUELA
 In July, 2001 Infinito Gold purchased Placer Dome de Venezuela, giving the Company a 95% interest in the Las Cristinas concession. Placer had done extensive work on the concession, confirming a reserve of at least 12 million ounces of gold.
In November, 2001, the Venezuela National Guard physically confiscated the Las Cristinas concession without compensation.
In May, 2002, Infinito Gold filed a formal notification of international arbitration under the Bilateral Trade Agreements (FIPPA). The initial value associated with the Company's claim for damages and lost profits is ~approximately US$ 1 billion. Any awards arising from the claim will be shared with other shareholders or royalty holders in accordance with pre-existing contractual rights.
DEVELOPMENT PROJECTS
 Infinito Gold has an agreement with Shoreham Resources Ltd. of Toronto ("Shoreham") to accelerate the development of the Marudi Mountain and Paint Mountain prospects in Guyana. Shoreham earn-in terms as follows:
- 50% interest upon completing US$ 2 million in exploration over 3 year period
- Increases interest to 75% upon completing additional US$ 2 million in 4th year
- Infinito Gold retains minimum of 25% interest in joint venture if mine developed
Infinito Gold has an additional agreement with Shoreham for the Potaro diamond prospect in Guyana that permits them to acquire 100% interest in return for cash and a gross overriding royalty.
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