Mr. Shashank Bhatt reports

ICONIC GOLD ANNOUNCES VOLUNTARY DELISTING FROM TSX VENTURE EXCHANGE

International Iconic Gold Exploration Corp.'s board of directors has approved the voluntary delisting of the company's common shares from the TSX Venture Exchange and will proceed with the delisting.

The board's decision follows a comprehensive review of the company's financial position, trading activity and strategic alternatives. The company believes that the costs associated with maintaining a public listing, combined with limited trading activity and a market capitalization that, in the company's view, may not reflect the value of its underlying assets, have constrained its ability to pursue debt restructuring and other initiatives intended to improve its financial position.

The board has concluded that the company faces a cycle in which reducing debt, advancing its exploration assets and maintaining continuing operations each require additional capital, while the company's current market valuation, trading liquidity and debt burden make raising such capital extremely difficult. Even if financing were available, it would likely be highly dilutive to existing shareholders.

The board believes that delisting will provide the company with greater flexibility to pursue debt restructuring and other financial initiatives, reduce costs, strengthen its balance sheet, and focus its resources on improving its financial position and preserving long-term shareholder value. The company intends to remain a reporting issuer in the applicable Canadian jurisdictions and will continue to comply with its continuous disclosure obligations following the delisting.

Shareholder approval process

The delisting has been approved by the company's board of directors. The company has also received written consent to proceed with the delisting from holders of more than 50 per cent of the disinterested common shares in accordance with applicable corporate and securities laws and TSX Venture Exchange Policy 2.9.

Impact on shareholders

Once the delisting is completed:

• The shares will no longer trade on the TSX-V.
• Shareholders will no longer have access to TSX-V trading facilities for the shares.
• The company will continue to be a reporting issuer and remain subject to applicable Canadian securities laws and continuous disclosure obligations.
• No alternative trading facility, liquidity mechanism, issuer bid or other exit mechanism is being arranged in connection with the delisting.

The company is not arranging any liquidity event, issuer bid or other exit mechanism in connection with the delisting. Shareholders who wish to trade their shares may do so through the TSX-V while the shares remain listed and subject to normal market conditions.

Timing

Following the TSX-V acceptance, the company expects the exchange to issue a bulletin confirming the delisting on or about July 29, 2026, and for the delisting to become effective on or about Aug. 11, 2026.

The company believes that delisting represents a practical path toward addressing its financial challenges and establishing a stronger foundation from which to preserve and enhance long-term shareholder value. By reducing the costs and constraints associated with maintaining a TSX-V listing, the company intends to focus its efforts on strengthening its balance sheet, pursuing debt restructuring initiatives and advancing its exploration assets. Although there can be no assurance of success, the board believes these steps provide a meaningful opportunity to improve the company's financial position and create a stronger platform for future growth.

About International Iconic Gold Exploration Corp.

International Iconic Gold 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.

We seek Safe Harbor.