Nicaragua

Infinity Energy Resources Inc., Denver, engaged investment bankers to explore strategic alternatives for its 1.4 million acre prospect in the Caribbean off Nicaragua.

July 19, 2006

By OGJ editors

HOUSTON, July 19 -- Infinity Energy Resources Inc., Denver, engaged investment bankers to explore strategic alternatives for its 1.4 million acre prospect in the Caribbean off Nicaragua.

The banking firm will advise Infinity in exploring various partnering arrangements and other ownership structures for its interest in the concessions.

Infinity, awarded the Tyra and Perlas concessions in May 2003, believes that exploration there would focus on Cretaceous carbonate and Eocene reservoirs. Infinity executed the final contracts in May 2006 (OGJ Online, May 15, 2006).