Re: Notice of Breach of the Agreement Between the Government of Canada and the Government of the Republic of Costa Rica for the Promotion and Protection of Investments

I am writing on behalf of Infinito Gold Ltd. ("Infinito"), a company incorporated under the laws of British Columbia, Canada, that indirectly owns 100 per cent of the shares of its investment Industrias Infinito S.A. ("Industrias Infinito"), a company incorporated under the laws of Costa Rica,

Infinito hereby gives notice to the Republic of Costa Rica (the "Republic") that Infinito considers the Republic to be in breach of the provisions of the Agreement Between the Government of Canada and the Government of the Republic of Costa Rica for the Promotion and Protection of Investments (the "Bilateral Investment Treaty"), in respect of the Republic's treatment of Infinito's investment Industrias Infinito and the Las Crucitas mining concession held by Industrias Infinito. Infinito is delivering this notice to the Republic in accordance with Article XII of the Bilateral Investment Treaty.