Infinito/Vannessa, two time losers...

Infinito Gold Ltd. - Administrative Tribunal Rules on Crucitas

	    Trading Symbol: TSX-V: IG
	    CALGARY, Nov. 24 /CNW/ - Infinito Gold Ltd. (the "Company") announces
that the Tribunal Contencioso Administrativo (the "Administrative Tribunal")
in Costa Rica has rendered a summary ruling on November 24, 2010, on the
Crucitas gold mining permits and permitting procedures. The verbal ruling read
in court is negative and includes cancellations of the Company's exploitation
concessions and environmental and other approvals held by its local
subsidiary, Industrias Infinito SA ("IISA"). The Company is seeking further
details of the ruling and has been advised the full written ruling will not be
available until December 14, 2010. IISA is considering all legal options
including submitting an appeal to the relevant chamber of the Supreme Court of
Costa Rica (SALA I). The decision by the Administrative Tribunal 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 concessions and approvals.
	    The Company is reviewing the impact of this ruling with respect to its
debt facilities and their related covenants and the impact this may have on
the presentation of its financial statements.

http://cnxmarketlink.com/en/releases/archive/November2010/24/c7579.html