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Court in Costa Rica Suspends Clearing Operations at Crucitas

Posted on: Tuesday, 21 October 2008, 15:00 CDT

CALGARY, Oct. 21 /PRNewswire-FirstCall/ -- Infinito Gold Ltd. ("Infinito Gold" or the "Company") announces that its subsidiary in Costa Rica, Industrias Infinito S.A. ("IISA"), has received a Change in Land Use Permit from the regional authorities in San Carlos Costa Rica allowing the clearing of land for the mining and tailings area for the Crucitas gold mine. The issuance of this Permit followed the announcement of a Presidential Decree dated October 13, 2008 which authorized the issuance of the Permit and specifically authorized the cutting of trees required for the mine and related infrastructure and declared that the Crucitas project was considered in the national interest.

Clearing activities commenced on Friday, October 17, 2008 and continued up until Monday October 20, 2008. This morning IISA was served with a court order from the Constitutional Court, or SALA IV, requiring that tree cutting operations be suspended. This suspension was due to a challenge from an individual in Costa Rica under provisions which entitle every citizen to apply directly to the SALA IV for decisions on constitutional issues, in this case the environmental protection provision in Costa Rica's constitution.

In February of this year IISA had received approval from the Ministry of the Environment in Costa Rica for the Environmental Impact Study dealing with all technical social and environmental aspects associated with the current mine development plan. In this approved study IISA has presented detailed reclamation plans which included commitments to return to native forest additional lands owned by IISA around the mining area currently used for pasture and plantation forestry. IISA will plant fifty trees on these lands for every one that was to be removed from the mine and tailings area. The mining and tailings area is a mixture of pasture and forest which has already been partially harvested in the past before it was under IISA's control.

Prior to the suspension IISA cleared the land required for the initial Botijas pit and for the area required for the tailings dam but clearing in the Fortuna pit area and the tailings impoundment area was not completed.

While this matter is before the SALA IV construction activity on the project will be suspended and put under care and maintenance until the issue is resolved. The Company will work with suppliers and contractors with the goal of suspending activity in an orderly fashion to ensure the project can be re-activated efficiently once the issue with the SALA IV is resolved.

IISA is seeking legal advice in Costa Rica in respect of this matter and will consider all legal options.

Caution Regarding Forward-Looking Information and Statements ------------------------------------------------------------

Certain statements in this press release address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These factors include, among others, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the possibility that all necessary governmental and regulatory approvals will not be received, and the availability of a qualified workforce and third party contractors necessary for the development and operation of a mine. The Company undertakes no obligation to update these forward-looking information or statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking information or statements.

INFINITO GOLD LTD. John Morgan President "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

Infinito Gold Ltd.

CONTACT: INFINITO GOLD LTD., 220, 1010 - 1St S.W., Calgary, Alberta, T2R1K4, Telephone: (403) 444-5191

Source: PRNewswire-FirstCall

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