Iconic Minerals hits gold and silver at New Pass Property, Nevada

Vancouver, British Columbia--(Newsfile Corp. - August 13, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) (the "Company" or "Iconic") announces that the first assay results have been received for the New Pass gold property ("New Pass" or the "Property") in Churchill County, Nevada. Results include gold, silver, and multi-element assays from the first six drill holes completed during the 2026 exploration program. The program was designed to test the up-dip extensions of known mineralization while infilling selected deeper sections. The initial assay results confirm significant near-surface intervals of gold and silver mineralization that are not included in the current resource. The 2,140-hectare property is located along a prospective Carlin-type gold trend approximately 150 miles (240 km) east of Reno.

The 10 foot (3 m) sample intervals were submitted to ALS Reno with standards, blank, and repeat samples. Five of the six holes returned continuous mineralized intervals ranging from 70 to 150 feet (21 to 46 m) of leachable-grade gold and silver mineralization (approximately 0.01 oz/ton gold). For context, cut-off gold grades for the oxidized portion of the Carlin style gold mines Barrick operates are as low as 0.21 g/t (0.006 oz/ton) as of March, 2025. https://minedocs.com/28/Carlin-TR-12312024.pdf Hole NP2604 was terminated before reaching the target horizon and therefore did not intersect the mineralized zone. The results are shown in the table below. All holes were drilled at a 45-degree dip to best capture the true thickness of the perpendicularly dipping mineralization.

Iconic Minerals' President and CEO, Richard Kern stated; "These initial assay results meet our expectations for both gold and silver grade and intercept thickness. Drilling the up-dip extensions of mineralization along the cu