Infinity Stone Ventures Corp. has formed a new wholly owned subsidiary, AirCarbon Technology Corp., to develop the Rockstone graphite project. The company has also entered into a partnership with R&D Innovation Inc. to use its patent-pending and proprietary air classification separation technology to process samples from the Rockstone graphite project. The air classification system eliminates the need for flotation, chemicals and drying in the graphite milling process and greatly reduces the capital costs for a traditional graphite mill. It has also been designed to eliminate the need for tailing ponds and greatly lessen the need for significant infrastructure at a mine site.

Highlights

• Infinity Stone has formed a subsidiary named AirCarbon Technology Corp. to develop the company's Rockstone graphite project. The formation of AirCarbon will also facilitate the previously announced spinout of the Rockstone graphite project.
• Infinity Stone has entered a partnership with R&D Innovations to use its patent-pending and proprietary air classification technology to mill graphite material into a fine graphite concentrate for potential use as anode material in lithium-ion batteries.
• Management intends to pursue a public listing of AirCarbon on a Canadian securities exchange in the coming months. The company intends to provide further details on the spinout structure in the immediate future.

Robert Rice, president of R&D Innovations, commented: "I believe that Infinity Stone's Rockstone material has the right geological make up for a very successful test run of our air classification system. Over the years, we have come to understand where there are specific challenges with certain graphite deposits, and where there is hard rock graphite material that works well with dry air classification methods."

Following the initial pilot run of R&D Innovation's air classification system on Rockstone samples, the company intends to engage the NEI Corp. Inc. for coin cell testing and full material characterization of the Rockstone material. The testing will cover both traditional floated and chemically treated air classified material.

The company intends to transfer the Rockstone graphite project to AirCarbon, following which management intends to pursue a public listing of AirCarbon on a Canadian securities exchange in the coming months. The company intends to provide further details on the spinout structure in the immediate future. Through the transfer, AirCarbon will become party to the current option agreement for the Rockstone graphite project and responsible for all further obligations under the option agreement.

"We firmly believe that graphite is being overlooked in the market, considering its critical position in the battery metal supply chain. The recent announcement by Volkswagen of its subsidiary PowerCo SE, opening its first overseas Gigafactory in St. Thomas, Ont., supports the growing demand for domestically mined graphite. Rockstone is strategically positioned to meet this demand given its geographic location near infrastructure and easy shipping routes to the VW new battery plant," said Zayn Kalyan, chief executive officer and director of Infinity Stone. "We are excited to be working with the team at R&D Innovation to process samples from Rockstone, a step that we believe has the potential to rapidly increase the development of the project," further stated Mr. Kalyan.

Qualified person

Technical information in this news release has been reviewed and approved by Case Lewis, PGeo, a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and a director of the company.

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