IG

Trading Symbol: TSX-V: IG CALGARY, Nov. 30, 2011 /CNW/ - Infinito Gold Ltd. (the "Company") announces that the Administrative Law Chamber of the Supreme Court of Costa Rica ("SALA I") has rendered its decision and rejected the request for annulment ("Casación") of the sentence (the "TCA Ruling") imposed by the Tribunal Contencioso Administrativo ("TCA") on November 24, 2010, in respect of the Company's gold mining permits and the Costa Rican permitting procedures for the Crucitas gold project. The TCA Ruling annulled the Exploitation Concession of the Company's Crucitas gold project and invalidated, among other things, the original approval of the environmental impact study received in December of 2005 during the Abel Pacheco presidency, the amended environmental impact study received in February of 2008 and the Presidential Decree declaring the project to be in the national interest received in October of 2008. The decision by the SALA I appears to conflict with the decision reached by the Constitutional Chamber of the Supreme Court of Costa Rica (SALA IV) in April of 2010 that confirmed the validity of IISA's Exploitation Concession and approvals. The Company is reviewing the impact of the SALA I ruling with respect to the ruling of the SALA IV, its debt facilities and their related covenants and the impact this may have on the future presentation of its financial statements. Caution Regarding Forward-Looking Information and Statements Certain statements in this press release address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.  These factors include, among others, the timing related to the dissemination of the complete, detailed SALA I decision and the nature of any conditions contained therein, the timing and nature of further legal action initiated by the Company and the possibility of appeals or new litigation by parties opposed to the project. These statements are made as of the date of this release but Company undertakes no obligation to update these forward-looking information or statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking information or statements. INFINITO GOLD LTD. John Morgan President and CEO Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release." Infinito Gold Ltd. CONTACT: INFINITO GOLD LTD.216, 102 - 8th Avenue S.W.Calgary, Alberta T2P 1B3Telephone: (403) 444-5191

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