Mr. Rob Abenante reports

ICONIC GOLD SELLS PARTIAL INTEREST IN BATERIA METALS CORP.

On Dec. 8, 2023, International Iconic Gold Exploration Corp. entered into a share purchase agreement with Pabs Consulting Inc. (the purchaser), whereby the company agreed to sell one million common shares in Bateria Metals Corp. at a deemed price of $3.00 per share. As consideration, the purchaser issued the company a $3-million promissory note. Upon closing of the transaction, the company will still hold one million common shares in Bateria Metals. The transaction is an arm's-length transaction and is another step for the company to continue on its path forward with a specific focus on its core gold assets.

"The company is happy to monetize its position in a non-core asset, which allow it to allocate the resources to its core gold projects," stated Robert Abenante, president and chief executive officer of Iconic Gold.

"The sale was strategically structured to allow the company to monetize a portion of its holdings in the Bateria shares, while continuing to hold a position to share in any upside value of Bateria," continued Mr. Abenante.

Promissory note

Pursuant to the terms of the promissory note, the purchaser agrees to repay $3-million on or before Dec. 8, 2025 (the maturity date). The loan amount shall bear interest at 12 per cent per annum, payable on the maturity date. The purchaser may prepay the loan amount plus all accrued and unpaid interest at any time without penalty.

We seek Safe Harbor.