Infinity Energy S.A. - Issue of Equity

Infinity Energy S.A.
("Infinity" or the "Company")

Issue of Equity

The board of Infinity (the "Board") is pleased to announce that, following investor demand, the Company has raised approximately £600,000, before expenses, through Peterhouse Corporate Finance, by way of a placing of 461,542,700 new ordinary shares ("New Ordinary Shares") at a price of 0.13p per share (the "Placing"). The Placing is subject only to the admission of the New Ordinary Shares to trading on AIM.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around 18 April 2017.  The New Ordinary Shares will rank pari passu with the existing ordinary shares.

The proceeds of the subscription will be used to increase the cash reserves of the Company as the Board seeks to explore and complete investment opportunities in line with its strategy in the UK onshore oil and gas sector.

Commenting on the subscription, Gerwyn Williams, Chief Executive Officer of Infinity, said:

"I am very pleased with the continuing and growing confidence in the Company being shown by investors. We are now a well capitalised Company and as such we are now pressing forward with our strategic goals. I look forward to updating shareholders on the implementation of this strategy in the short-term".

Following the issue of the New Ordinary Shares, the total number of shares in issue is 1,754,033,703 ordinary shares, each with voting rights. There are no shares held in treasury. Therefore, the total number of voting rights in the Company is 1,754,033,703. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest under the Disclosure and Transparency Rules.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 For further information, please contact:

Infinity Energy S.A. Gerwyn Williams Bruce Vandenberg	Tel:  [phone] Tel:  [phone]
Nomad Cairn Financial Advisers LLP Sandy Jamieson / James Caithie	Tel:  [phone]
Joint-Broker WH Ireland Limited Paul Shackleton / Nick Prowting	Tel:  [phone]
Joint-Broker Peterhouse Corporate Finance Limited Eran Zucker / Lucy Williams	Tel:  [phone]

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