Iconic Minerals signs JV with McEwen Mining on New Pass gold, Nevada

Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) announces that its wholly owned subsidiary has entered into a formal joint venture agreement (the "JV Agreement") with a wholly owned subsidiary of McEwen Mining Inc. (TSX: MUX) (NYSE: MUX) to advance the New Pass gold property ("New Pass" or the "Property") in Churchill County, Nevada. The agreement formalizes a 50%/50% joint venture on the 2,140-hectare property located along a prospective Carlin-type gold trend approximately three hours east of Reno. Iconic Minerals' President and CEO, Richard Kern stated, "We are pleased to advance this joint venture with McEwen Mining as a strong partner as we move forward at our highly prospective New Pass property.

Our focus is to expand the known mineralization and demonstrate the potential for a materially larger resource. With defined targets from historical drilling and recent IP work, we are preparing an initial 20-30 hole drill program to test extensions of the deposit. We believe this work can significantly enhance project value for both partners and our shareholders." The JV Agreement is consistent with the terms set forth in the option agreement entered into in September 2004, as assigned to Iconic in 2005, whereby Iconic, through its wholly owned subsidiary, was granted the option to acquire a 50% interest in the Property, which Iconic exercised in full.

The JV Agreement provides, among other things, that: the parties will fund exploration and other Joint Venture expenditures on the Property in proportion to their respective participating interests; a management committee will be established to determine overall policies, objectives, procedures, methods and actions under the JV Agreement; Iconic Minerals will initially act as the manager of the Joint Venture; and a party's participating interest will be subject to dilution in the event it does not fund its share of approved expenditures. Iconic