Infiniti Resources International Ltd.

Infiniti Resources International Ltd.

February 24, 2005 13:15 ET

Infiniti Resources Obtains Key Approval for Brazeau River Oil Development Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INFINITI RESOURCES INTERNATIONAL LTD.

TSX VENTURE SYMBOL: IRL

FEBRUARY 24, 2005 - 13:15 ET

Infiniti Resources Obtains Key Approval for Brazeau
River Oil Development Project

CALGARY, ALBERTA--(CCNMatthews - Feb. 24, 2005) - Infiniti Resources
International Ltd. (TSX VENTURE:IRL) has obtained a key approval from
the Government of Alberta for implementation of the Company's Brazeau
River Nisku "I" Pool waterflood project.

Infiniti has received approval for use of injectant from a recently
drilled source well, and has been advised that a similar approval for
additional injectant volumes is expected to be granted subject to
submission of a nominal licence fee.

Infiniti is now preparing its application to the Alberta Energy and
Utilities Board for approval of the overall project scheme, for which
the most significant outstanding item has been securing an injectant
supply. Infiniti is also negotiating with an industry competitor for
supplemental injectant volumes to enable acceleration of injection and
consequent production response.

Infiniti is targeting to install facilities and commence injection
during the summer or autumn of 2005, and to resume oil production
between 6 and 24 months later.

This oil development project is expected to provide significant future
value with its total proved plus probable reserves of more than one
million BOE, and provides balance for Infiniti's deep gas drilling
projects. Infiniti operates a 94.75% interest. Additional information is
provided in Infiniti's Annual Information Form, available on SEDAR at
www.sedar.com.

Infiniti Resources International Ltd. is an emerging Canadian
exploration and production company focused on creating profitable growth
through deeper, higher-impact projects in Western Canada. Infiniti
trades on the TSX Venture Exchange under the symbol "IRL".

The Infiniti's public disclosure is available on SEDAR at www.sedar.com.
Supplemental information may be found at www.infiniti-resources.com.

Forward-looking and estimated information is included in the foregoing.
While considered reasonable by Infiniti at the time, such
forward-looking and estimated information may be incorrect, and future
events and results may differ materially from forward-looking
information. WARNING: Infiniti relies on litigation protection for
forward-looking statements.

A barrel of oil equivalent (BOE) is derived by converting natural gas to
oil in the ratio of six thousand cubic feet of natural gas to one barrel
of oil equivalent. One thousand standard cubic feet of gas equivalent
(MCFe) is the reverse conversion of oil and natural gas liquids to
natural gas in the ratio of one barrel of oil or natural gas liquids to
six thousand cubic feet of natural gas equivalent. A BOE or MCFe
conversion may be misleading, particularly if used in isolation, as it
is based on an energy equivalency conversion method primarily applicable
at the burner tip and may not represent a value equivalency at the
wellhead.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Infiniti Resources International Ltd.
    Gordon D. Holden
    President & CEO
    (403) 216-7781
    (403) 216-5826 (FAX)
    Email: info@infiniti-resources.com
    Website: www.infiniti-resources.com
    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.