Iconic Grants Stock Options and Provides Clarification of News

Rhea-AI Summary

Iconic Minerals (OTCQB: ICMFF) announced on March 20, 2026 a grant of 5,500,000 stock options under its 10% Rolling Stock Option Plan, exercisable at $0.09 per share until March 19, 2029 (stated as a 25% discount to the March 19, 2026 close).

The company also clarified that 1,300,000 of previously granted options to Pollen Agency were cancelled following termination of that agreement. Grants are subject to TSX Venture Exchange approval.

Positive

• 5,500,000 options granted under the 10% Rolling Plan
• Exercise price set at $0.09, a 25% discount to March 19, 2026 close
• Rolling Stock Option Plan was ratified by shareholders on June 15, 2025

Negative

• Grant of 5,500,000 options may increase potential share dilution
• Options subject to TSX Venture Exchange approval, not yet finalized
• Cancellation of 1,300,000 options tied to terminated agreement creates prior grant revision

News Market Reaction – ICMFF

-6.44%

1 alert

-6.44% News Effect

On the day this news was published, ICMFF declined 6.44%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) (the "Iconic") The Company announces the grant, pursuant to its 10% Rolling Stock Option Plan (the "Options") that was ratified and approved by shareholders on June 15, 2025, of options to eligible participants to purchase a total of 5,500,000 common shares, exercisable in whole or in part on or before March 19, 2029 at an exercise price of $0.09 per share (being 25% discount to the closing price of the Company's shares on March 19, 2026). The Company would also like to clarify that of 3,000,000 stock options that were granted (see News Release August 15, 2025) there were 1,300,000 stock options that were originally granted to Pollen Agency Ltd, and of which have been cancelled due to the termination of the Agreement (See News Release March 19, 2026).

The grant of Options are subject to TSX Venture Exchange approval.

On behalf of the Board of Directors

SIGNED: "Richard Barnett"

Richard Barnett, CFO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com. The Company's public documents may be accessed at www.sedarplus.ca.

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.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking statements or information within the meaning of applicable Canadian and U.S. securities legislation. All statements other than statements of historical fact included in this news release including, without limitation, the exercise of the stock options are forward-looking statements that involve various risks and uncertainties. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained lithium and gold demand and prices. 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. Readers are cautioned not to place undue reliance on forward-looking 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289302

FAQ

What stock options did Iconic Minerals (ICMFF) grant on March 20, 2026?

Iconic granted 5,500,000 options exercisable at $0.09 until March 19, 2029. According to the company, the exercise price represents a 25% discount to the closing price on March 19, 2026 and grants are under its 10% Rolling Plan.

How does the March 20, 2026 options grant affect Iconic Minerals (ICMFF) shareholders?

The grant increases the pool of potentially dilutive securities by 5,500,000 options. According to the company, these options create potential dilution if exercised and are subject to TSX Venture Exchange approval.

What were the terms and expiry for Iconic Minerals (ICMFF) options granted March 20, 2026?

Options are exercisable at $0.09 per share and expire on March 19, 2029. According to the company, the exercise price was set as a 25% discount to the March 19, 2026 closing price.

What clarification did Iconic Minerals (ICMFF) provide about prior option grants to Pollen Agency?

Iconic clarified that 1,300,000 of the previously granted 3,000,000 options to Pollen Agency were cancelled. According to the company, cancellation followed termination of the underlying agreement.

Are the March 20, 2026 Iconic Minerals (ICMFF) option grants final and where can investors verify them?

The grants are subject to TSX Venture Exchange approval and are not final until approved. According to the company, public documents are available on the company website and SEDAR+ for verification.