Vancouver, British Columbia – February 24, 2025 – Iconic Minerals Ltd. (“Company” or “Iconic”) (TSX-V: ICM • OTCQB: ICMFF • FSE: YQG) announces that it has terminated the property option agreement which was formed on May 3, 2024 (the “Option Agreement“) with Gold Basin Resources Corporation (TSXV: GXX; OTCQB: GXXFF), whereby Gold Basin had the option to acquire from Iconic and Iconic’s wholly owned subsidiary a 50% interest in and to the New Pass gold property.