Iconic Gold Provides Corporate Update

International Iconic Gold Exploration Corp. (TSX:ICON)

VANCOUVER, BRITISH COLUMBIA, CANADA, June 8, 2026 /EINPresswire.com/ -- International Iconic Gold Exploration Corp. (“Iconic Gold” or the “Company”) (TSXV: ICON) announces that it has agreed with certain of its creditors (the “Creditors”) to issue an aggregate of 5,075,000 common shares (the “Settlement Shares”) to the Creditors in settlement of an aggregate of CAD$355,250 (the “Debt”) in outstanding accounts payable and loans owing to the Creditors (the “Shares for Debt Transaction”). The Settlement Shares will be issued at a deemed issue price of $0.07 per share. The Company is completing the Shares for Debt Transaction to improve its financial position by reducing its existing liabilities. All Settlement Shares will be subject to a four-month and one-day hold period. The Shares for Debt Transaction remains subject to TSX Venture Exchange acceptance. No new insider or control person of the Company will be created pursuant to the Shares for Debt Transaction. The Company has also agreed to issue 100,000 common shares (the “Milestone Shares”) to a former Officer of the Company in satisfaction of milestone bonus obligations (“Milestone Obligations”) owing under the Company’s October 6, 2017, Executive Consulting Agreement with the former Officer. The Milestones Obligations were triggered when the Company filed its National Instrument 43-101 technical report on San Roque on July 22, 2019. The Milestone Shares were approved for issuance in 2019 and have remained as a liability on the Company’s financial statements. The Milestone Shares will be issued concurrently with the completion of the Shares for Debt Transaction and they will be subject to a four-month and one-day hold period.

On behalf of the Company,

Shashank Bhatt
President & CEO
(236) 266-5174

Contact Information:
Email: info@iconicgold.com
Website: www.iconicgold.com
For further information regarding International Iconic Gold Exploration Corp., please refer to the Company’s filings available on SEDAR+ (www.sedarplus.ca) or at Iconic Gold’s Website (www.iconicgold.com).

ABOUT INTERNATIONAL ICONIC GOLD EXPLORATION CORP.

International Iconic Gold Exploration Corp. (TSXV: ICON) is a Canadian precious metals exploration company focused on the acquisition, exploration, and development of gold and silver assets. The Company is managed by an experienced team of mining and capital markets professionals committed to creating shareholder value through disciplined asset selection, responsible exploration, and transparent corporate governance. For more information, please visit www.iconicgold.com or contact the Company at info@iconicgold.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements are often, but not always, identified by the use of words such as "anticipates", "plans", "expects", "intends", "believes", "will", "may", "should", "could", "would", "estimates", "targets", or similar expressions. Forward-looking statements contained in this news release include, without limitation, statements regarding the Shares for Debt Transaction, the issuance of the Settlement Shares and the Milestone Shares, and TSXV acceptance of the foregoing. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others: the failure to obtain necessary regulatory and Exchange approvals for the Shares for Debt Transaction and the issuance of the Milestone Shares; the speculative nature of mineral exploration and the significant risks inherent in mineral exploration activities, including that exploration results may not be as anticipated; the possibility that exploration work does not confirm or expand upon historical data and results; fluctuations in gold and silver commodity prices; changes in applicable laws and regulations, including Argentine mining and foreign investment legislation; political, economic, and social risks in Argentina; the Company's ability to obtain sufficient financing to fund planned exploration activities; competition from other exploration and mining companies; the Company's ability to attract and retain qualified personnel; environmental risks and the potential for environmental liability; and other risks detailed from time to time in the filings made by the Company with Canadian securities regulators and available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on any forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary note. The forward-looking statements contained in this news release are made as of the date of this news release and the Company undertakes no obligation to update or revise publicly any of the included forward-looking statements unless required to do so by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Shashank Bhatt
International Iconic Gold Exploration Corp.
+1 236-266-5174
info@iconicgold.com

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