Vancouver, British Columbia--(Newsfile Corp. - June 16, 2016) - Iconic Minerals Ltd. (TSXV: ICM) (FSE: YQG) is pleased to
announce it has completed a MagnetoTelluric (MT) geophysical survey at its Bonnie Claire Project located 30 miles (48 km) north of
Beatty, Nevada. The survey, conducted by Zonge International Inc., consisted of six lines spaced 0.9 to 1.25 miles (1.5-2.0 km)
apart. A total of 17.3 miles (27.8 km) of surveying was conducted. Initial interpretation by the Company's geophysicist, Frank
Fritz, indicates the project is underlain by an extensive brine horizon. Results will be released when a final interpretation is
completed.
Several of the geophysical lines are underlain by open-ended anomalies, therefore the land holding has been increased by an
additional 137 claims, currently totaling 921 claims comprising 18,420 acres (refer to news release April 21, 2016). Iconic now
controls 28.75 square miles (75 km2). An additional MT survey has been scheduled to determine the full extent of the
interpreted brine zone. The MT survey is scheduled to commence in approximately one week.
The following is a brief summary on the Property:
The Property is a lithium brine target. It is located within a valley that is over +20 miles (+30 km) long and 12 miles (20 km)
wide into which streams from an +800 mi2 (2,070 km2) drainage basin empty. The source rocks are quartz-rich
volcanics that contain anomalous amounts of lithium. Sampling of salt flats within the basin have found lithium values in salt
samples ranging from 50 to 340 ppm. The deeper part of a gravity low within the valley is 12 miles (20 km) long and initial
estimates are the depth to bedrock ranges from 1,500 to 2,000 feet (460-610 m) within this low. The current claim block covers the
gravity low and associated mud flats that could be used for evaporation ponds if significant lithium brines are discovered in
drilling.
Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic, is the Qualified Person who has prepared and reviewed
this press release in accordance with NI 43-101 reporting standards.
On behalf of the Board of Directors
SIGNED : "Richard Kern"
Richard Kern, President and CEO
Contact: (604) 336-8614
For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company's public documents may be accessed at www.sedar.com.
Forward Statement: This news release includes certain forward-looking statements or information. All
statements other than statements of historical fact included in this release are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities legislation.
Neither the 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.
