Infinity Lithium Corporation Limited and LG Energy Solution (`LGES'), collectively `the Parties', have agreed to an extension of the Memorandum of Understanding (`MoU') to advance discussions relating to the future definitive offtake agreement for battery grade lithium hydroxide from the San José Lithium Project (`San José', or `the Project') in Extremadura. Any formal agreement is likely to be subject to standard conditions precedent for an offtake agreement of this nature, including Infinity successfully entering commercial production and producing a product that meets the product specification requirements of LGES. The extension of the MoU will mature on 22 December 2023.