Mr. Richard Barnett reports

ICONIC PROVIDES CORPORATE UPDATE RE: OTCQB TRADING STATUS

Iconic Minerals Ltd. would like to provide a corporate update regarding its trading status on the OTCQB. In connection with the company's recent plan of arrangement with Nevada Lithium Resources Ltd. (see news release July 10, 2023), as part of the arrangement, the company was required to amend its authorized share structure, whereby all of the issued and unissued common shares in the capital of Iconic were renamed and redesignated as Class A common shares without par value and a new class consisting of an unlimited number of common shares without par value was created with terms and special rights and restrictions identical to those of the Iconic common shares immediately prior to the effective time of the arrangement. Following the Iconic share exchange, all of the issued Iconic common shares were cancelled and the authorized share structure of Iconic was altered by eliminating the Iconic common shares.

Due to this recent deletion and establishment of the new security under its new Cusip number as is standard under an establishment of a new Cusip number, Iconic is required to submit a new Form 211 to FINRA in order to resume trade under its new Cusip number. The company has initiated the completion of the Form 211 and expects to resume trading on the OTCQB in the near future.

For clarification, the company's new Cusip number is 450959 10 1 and its new ISIN is CA 450959 10 1 8.

We seek Safe Harbor.