Mr. Richard Kern reports

ICONIC INITIATES FIRST PHASE OF EXPLORATION PROGRAM AT NEW PASS GOLD PROPERTY, NEVADA

Iconic Minerals Ltd.'s preparations for a major drilling program are complete at the New Pass gold property in Churchill county, Nevada, and that American Drilling Corp. of Spokane, Wash., which has been contracted to provide HQ core drilling at New Pass has mobilized its drilling equipment to the property and is expected to arrive within the next seven days.

New Pass is being explored under a joint venture agreement with McEwen Mining Inc. (Toronto Stock Exchange: MUX) with Iconic as the operator. The exploration program will test extensions of the current resource and geophysical anomalies identified in a recent survey. The 2,140-hectare property is located along a prospective Carlin-type gold trend approximately 150 miles (240 kilometres) east of Reno.

Iconic Minerals' president and chief executive officer, Richard Kern, stated: "We are pleased to commence the phase 1 drilling program at New Pass, where we are utilizing highly experienced, heavy equipment contractors to drill an extensive core hole drill program which will produce better material for additional metallurgical testing than RC drilling would. Drilling will take place 24 hours a day and will be completed in three months. Our focus is to expand the known mineralization and demonstrate the potential for a materially larger resource. We believe this work can significantly enhance project value for both partners and our shareholders."

New Pass drilling exploration summary

• 20-plus holes ranging from 200 to 600 feet will be drilled at 45 degrees, perpendicular to the gold/silver mineralized bedding;
• Drilling to test the up-dip extensions of a mineralized zone that is 3,000 feet (914 metres) long and open ended;
• Additional holes will both, fill gaps in existing data for future resource models and provide metallurgical test material from various depths of the deposit;
• Extensions of mineralization to the north and south will be tested in another phase of drilling including geophysical targets;
• The core will be securely transported to Reno, Nevada for logging and core cutting and then sent to ALS in Reno for fire assay as 10-foot (3.05 m) samples.

About the New Pass gold property

The New Pass gold property is located within Nevada's Basin and Range province along the highly prospective Sulfur-Lovelock-Austin structural gold trend, a region recognized for hosting Carlin-type gold systems.

The property was initially explored in 1980, when a stream sediment arsenic anomaly led to the discovery of a gold-bearing jasperoid system. Since that time, more than 40,000 metres of drilling across 329 drill holes have identified significant intervals of Carlin-type gold-silver mineralization, leading to the delineation of the New Pass Au-Ag (gold-silver) deposit.

The New Pass Au-Ag deposit represents a classic Carlin-type system, with mineralization hosted primarily within silicified rocks and jasperoid developed in decalcified limestone of the Triassic Lower Augusta Mountain formation. A major north-northwest- to south-southeast-trending, west-dipping structure separates Triassic calcareous rocks from younger Tertiary volcanic rocks and acted as a major conduit for hydrothermal circulation, alteration and gold-silver deposition.

The deposit outcrops at surface and has been drilled along approximately 1.25 kilometres of strike length, with the deepest pierce point reaching a vertical depth of approximately 295 metres. The shallowly west-dipping tabular deposit remains open along strike in both directions and at depth, providing significant exploration upside.

Inferred resource summary

• Total short tons: 15,515,488;
• Average grade AuEq (gold equivalent): 0.022 ounce/ton;
• Contained AuEq ounces: 341,750;
• Average silver grade: 0.202 oz/ton;
• Contained silver ounces: 3,139,054;
• Average gold grade: 0.018 oz/ton;
• Contained gold ounces: 282,98.

The New Pass deposit hosts a significant inferred mineral resource, demonstrating the established scale and continuity of the system. Historical NI 43-101 reporting outlines an inferred resource containing both gold and silver mineralization within a near-surface, oxide-dominant system. This existing resource provides a strong technical foundation for future expansion, with mineralization remaining open along strike and at depth. The combination of a defined resource and multiple untested targets supports the potential for meaningful resource growth through continued exploration.

Qualified person

Richard Kern, certified professional geologist, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Kern is not independent of the company as he is the chief executive officer of Iconic.

About Iconic Minerals Ltd.

Iconic Minerals is a Nevada-focused gold exploration company advancing high-potential assets in proven mining jurisdictions. The company's flagship New Pass gold property hosts a defined resource with significant expansion potential. Iconic is committed to disciplined exploration, technical advancement and unlocking long-term shareholder value through systematic project development.

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