Mr. Richard Barnett reports

ICONIC GRANTS STOCK OPTIONS AND PROVIDES CLARIFICATION OF NEWS

Pursuant to Iconic Minerals Ltd.'s 10-per-cent rolling stock option plan that was ratified and approved by shareholders on June 15, 2025, the company has granted options to eligible participants to purchase a total of 5.5 million common shares, exercisable in whole or in part on or before March 19, 2029, at an exercise price of nine cents per share (being 25-per-cent discount to the closing price of the company's shares on March 19, 2026). The company would also like to clarify that of three million stock options that were granted (see news release dated Aug. 15, 2025) there were 1.3 million stock options that were originally granted to Pollen Agency Ltd., all of which have been cancelled due to the termination of the agreement (see news release dated March 19, 2026).

The grant of options are subject to TSX Venture Exchange approval.

We seek Safe Harbor.