Infinito Gold Ltd. Announces a Negative Arbitral Tribunal Award on Las Cristinas

Trading Symbol: TSX-V: IG

CALGARY, Jan. 16, 2013 /CNW/ - Infinito Gold Ltd. ("Infinito Gold" or the "Company") announces that the International Centre for the Settlement of Investment Disputes ("ICSID") has released on January 16, 2013 the decision of the Arbitral Tribunal considering the case brought against the Bolivarian Republic of Venezuela ("Venezuela") regarding the Las Cristinas gold project in Venezuela.

The Arbitral Tribunal decided that it had jurisdiction to determine the dispute, however, it also ruled that Venezuela did not violate the terms of the Canada-Venezuela Bilateral Investment Treaty and dismissed all of the claims brought against Venezuela including recovery of costs and lost profits relating to Infinito Gold's investment in Las Cristinas.

The Tribunal also decided that Venezuela and Infinito Gold should bear their own costs in addition to one half each of the costs of ICSID and the Arbitral Tribunal, which have been paid by the two parties in that proportion.

This concludes the arbitration process that was initiated in July of 2004.

Caution Regarding Forward-Looking Information and Statements

Certain statements in this press release may 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 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.


John Morgan

"The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

SOURCE: Infinito Gold Ltd.

For further information:


John Morgan
President and CEO
Tel: (403) 444-5191

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