Iconic Provides Corporate Update on New Pass Gold Property and Engagement of Investor Relations

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) -  Iconic Minerals Ltd. (TSXV: ICM) (OTC: ICMFF) (FSE: YQG) (the "Company" or "Iconic") announces that it is re-initiating an exploration plan on its New Pass Gold Property (the "New Pass" or "Property"), located in Nye County, Nevada USA.

New Pass Gold Property Exploration Plan 2025

Iconic is initiating an exploration program on its New Pass Property (the "Exploration Program") where the primary focus will be infrastructure and drilling, followed by advanced metallurgy. In 2021 an extensive IP survey identified several oxidation zones anomalies located north, south and up dip of the defined mineralized zone, this Exploration Plan will test these anomalies. A total of 38 angled RC holes will be drilled to test extensions up-dip (east) and to the north and south of the current resource where mineralization occurs at the surface. Upon the completion of the drilling and advanced metallurgical program, a new NI 43-101 technical resource report would be generated. The Exploration Program is expected to cost approximately U.S. $1,000,000.

New Pass Gold Property Highlights

• New Pass hosts the Carlin-type New Pass Gold-Silver deposit, with a historical (2010) NI 43-101 Inferred Mineral Resource of 15,515,488 short tons averaging 0.018 oz/ton gold and 0.202 oz/ton silver which totals 279,279 ounces of gold and 3,139,054 ounces of silver. (Noland, P. D., 2010, (NI 43-101 Technical Report and Revised Resource Estimation on the New Pass Property, Churchill County, Nevada, NI 43-101 Technical Report prepared for Bonaventure Enterprises Inc.). Although the report followed CIM standards, the date of the work indicates verification assaying recalculating the resource is needed. The QP has not done sufficient work to make the resource current.

• A 2021 extensive IP survey identified several oxidation zone anomalies located north, south and up dip of the defined mineralized zone. An exploration plan to test these anomalies is currently being finalized;

• Mineralization comes to surface with 75% of the deposit estimated to be oxidized, amenable to heap leaching from previous metallurgical test work;

• Mineralization is open in all directions, providing an excellent opportunity for resource expansion and conversion;

• Highlight historical drill hole intercepts include:

  • NP-28, 45 m @ 0.080 oz/ton Au
  • NP-88-8, 20 m @ 0.078 oz/ton Au
  • NP-54, 50 m @ 0.047 oz/ton Au

The above is from Pelke, P. A., Arentz III, S. S., NI 43-101 Technical Report on the New Pass Property Churchill County, Nevada, April 12, 2006, NI 43-101 Technical Report prepared for Bonaventure Enterprises Inc. and White Knight Resources, p.91.