Additional Drilling Assays For Bonnie Claire Lithium Project

VANCOUVER - Iconic Minerals Ltd. reported on the drill program for the Bonnie Claire Lithium Project, located in Nye County, Nevada. Geochemical results and final drill logs have been received for BC2002C and BC2004C. Results appear to show continuous Lithium mineralization in a shallow zone averaging 360 feet (110 meters) thick and a deeper zone averaging 900 feet (274 meters) thick. The drilling delineates an area 4,000 feet (1,220 meters) long in an east-west direction and 2,030 feet (618 meters) long in a north-south direction.

CEO, Richard Kern, said "Defining a shallow resource as well as a deeper, higher grade resource are steps toward future production. Both open pit mining and borehole mining are being explored to extract the mineralized material. The continuity of these two flat-lying mineralized horizons indicates similar mineralization may occur basin wide. Bonnie Claire continues to show itself to be one of the largest Lithium Resources in the U.S."

The average Lithium grades of both mineralized zones drilled are similar in all holes drilled to date. While the deeper zone is higher grade, both horizons are well above the 600 ppm cut-off used in the Company's resource estimate.