Infinito Gold Ltd. announced that it has accepted an offer of a demand loan facility for $260,000 from Exploram Enterprises Ltd. and that all of the $260,000 has been advanced to the company. The closing occurred promptly upon acceptance of the offer by the company as the funds were required urgently. This demand loan facility is in addition to a $150,000 demand loan entered into on January 12, 2012 by the company. The indebtedness under the Loans is to be secured under the existing General Security Agreement between the Company and Exploram delivered in connection with the sale of convertible notes of the Company on February 10, 2009. Interest is payable on the outstanding balance of the Loan monthly in arrears at a rate of 19.0% per annum. The Loans are in addition to $16.9 million of principal in other demand loans that are also payable to Exploram, and are in addition to $50.5 million in principal owed under the Prior Notes. All indebtedness under the Loans is repayable on demand at any time and may be prepaid in whole or in part without penalty. In addition, all indebtedness under the Loans shall rank equally with the other Demand Loans and senior to all other indebtedness of the company. There are no structuring fees to be paid by the company in conjunction with the Loan. The company also announced that as a result of the ongoing delays faced by the company in Costa Rica, Mr. John Thomas, Vice president of Operations, will be leaving the company effective February 29, 2012.