SOURCE: Infinex Ventures, Inc.

August 28, 2006 11:52 ET

Infinex Ventures, Inc. in Negotiations to Acquire Bolivar Property on Texada Island, B.C.

Company Intends to Close Acquisition by the End of September

LAS VEGAS, NV -- (MARKET WIRE) -- August 28, 2006 -- Infinex Ventures, Inc. (OTCBB: INFX) ("the Company") is pleased to announce that it is in negotiations to acquire an interest in the Bolivar Property located on Texada Island, British Columbia, Canada. The Property consists of 23 adjacent mineral claims and 2 crown grants centered approximately 1.5 miles (2.4 km) west of the town of Vananda, B.C. Previous drilling programs have outlined a significant resource with a high concentration of gold. One diamond drill hole across the zone returned a one-foot (0.3 m) intersection assaying 20.84 oz/ton Gold (714.5 g/t Gold).

Trenching, diamond drilling and bulk test sampling of the Bolivar deposit has revealed numerous spectacular "streaks and stringers" of free gold in graphitic shear zones. As per Assessment Report 16702, a 1734 tonne bulk sample from the Bolivar pit returned a total of 1031.14 grams of gold. Infinex's pending acquisition of the Bolivar Property is a strategic one that, along with the Company's interest in the Yew Property, will provide it with control of a substantial portion of the mining properties and reserves on Texada Island. Infinex intends to finalize this acquisition by the end of September.

On Behalf of the Board


Michael De Rosa,
Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Infinex Ventures, Inc. has little or no control.

Contact Information