Infinity Energy Resources, Inc. yesterday held a conference call with members of the investment community to provide an update of corporate and operations matters. Infinity’s Chief Executive Officer, Stanton E. Ross, discussed the Company’s continued pursuit of its shareholder value enhancement strategy. Mr. Ross stated that its investment banker, Capital One Southcoast, Inc., continued to assist the Company in coordinating existing candidates and identifying additional candidates to acquire all or part of the Company, As noted previously, the Company does not expect to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has approved a definitive transaction.

Also during the conference call, management announced that it expects to sign a contract for the services of a drilling rig to be deployed in the further development of its 32,000 net acre Barnett Shale prospect in Erath and Hamilton Counties, Texas, within the next two weeks, and that drilling activities should be commenced by the end of the current quarter.

The Company also disclosed that it has scheduled initial discussions with a potential joint venture partner regarding its 1.4 million-acre oil and gas concessions offshore Nicaragua in the Caribbean Sea.

Management provided additional details regarding its oil and gas activities in the Barnett Shale play in the Fort Worth Basin of north-central Texas, the Fractured Niobrara oil play in the Sand Wash Basin in northwest Colorado, and other plays in the Rocky Mountains during the conference call.

A replay of the conference call is available until February 6, 2007, by dialing 800-642-1687 (international/local callers dial 706-645-9291) and entering the event ID # 6953575. The call will also be archived on the Internet at http://www.b2i.us/external.asp?b=1253&id=34576&from=du&L=e and on the Company’s website at www.infinity-res.com.

About Infinity Energy Resources, Inc.

Infinity Energy Resources, Inc., through its wholly-owned subsidiaries Infinity Oil and Gas of Texas, Inc. and Infinity Oil & Gas of Wyoming, Inc., is an independent energy company engaged in the exploration, development and production of natural gas and oil and the operation and acquisition of natural gas and oil properties. The operations of Infinity Oil and Gas of Texas are focused on exploitation of the Barnett Shale formation in the Fort Worth Basin of north-central Texas. The operations of Infinity Oil & Gas of Wyoming are focused on the Wamsutter Arch Pipeline Field in southwest Wyoming and the Sand Wash Basin in northwest Colorado. The Company also has a 1.4 million acre oil and gas concession offshore Nicaragua in the Caribbean Sea. The Company’s common stock is listed on the NASDAQ Global Market under the symbol “IFNY.”

Forward-looking Statements

This press release includes statements that may constitute “forward- looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect,” “plan,” “should” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Forward-looking statements in this press release include statements regarding future development of our oil and gas properties, discussions with a potential joint venture partner regarding its Nicaragua concession and the Company’s value enhancement strategy. Factors that could cause or contribute to such differences include, but are not limited to operating risks, delays and problems, the availability of drilling rigs and services on acceptable terms, the results of drilling and completions, decreases in the prices of oil and gas, unexpected negative geological variances, increases in interest rates, liquidity and capital requirements, the availability of capital on acceptable terms, the inability to enter into one or more transactions on acceptable terms or that would enhance shareholder value, market factors and other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K and in the Company’s periodic reports filed with the Securities and Exchange Commission.

For more information on Infinity Energy Resources, Inc., please visit the following link:

http://www.b2i.us/irpass.asp?BzID=1253&to=ea&s=0

Contact for Infinity Energy Resources, Inc.:
Stanton E. Ross
Chairman and Chief Executive Officer
(720) 932-7800
www.infinity-res.com

Source: Infinity Energy Resources, Inc.

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