Iconic Enters into Agreement for Research and Development Extraction Methods on Bonnie Claire Property
ICONIC MINERALS LTD.
Suite 303, 595 Howe Street
Vancouver, B.C. V6C 2T5
Phone: (604) 336-8614 Fax: (604) 718-2808
www.iconicmineralsltd.com
NEWS RELEASE
Iconic Enters into Agreement for Research and Development
Extraction Methods on Bonnie Claire Property
(August 10, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX-V: ICM) (OTC: BVTEF)
(FSE: YQGB) announces that it has signed a binding term sheet with St -Georges Platin um Base and
Energy Metals Ltd. ( “St-Georges”) pursuant to which St-Georges has agreed to provide research and
development (the “R&D”) utilizing products, extraction methods and proprietary technology to develop
the Company’s Bonnie Cla ire property (the “Property”) in separation, recovery, and purification of
lithium from its lithium bearing prospects.
In consideration for the R&D, which wi ll include engineering services, and once a definitive agreement
has been entered into (the “Definitive Agreement”), the Company has agreed, subject to receipt of
acceptance by the TSX Venture Exchange, to issue St. Georges up to 5,000,000 common shares in the
capital stock of the Company in stages over a 36 month period (the “Compensation Shares”) commencing
on the date of execution of the Definitive Agreement. St -Georges has agreed that any and all
Compensation Shares issued to St -Georges will be held by a third-party escrow agent and released to St-
Georges at the end of the 36 -month period, contingent on St -Georges reaching certain performance
benchmarks.
The Parties will establish a royalty stream on the commercial output of the Property for the entire mine
life, which will be opposable to any successors of Iconic as a lien on the mining assets. St-Georges and
Iconic will negotiate a right of first refusal in favor of Iconic. The royalty, to be negotiated within the
guidelines of the “Royalty Formula”, will take the form of a 5% Net Revenue Interest or Net Revenue
Return.
A further News Release will be disseminated once the Definitive Agreement has been entered into.
About the Technology Initiative:
St-Georges R&D initiative with Iconic is primarily focused in developing a commercially viable lithium
extraction process. St -Georges metallurgists are in currently refining its proprietary mineral extraction
technology, this technology is a process that will explore the potential to economically extract lithium
carbonate from lithium bearing sediments. This process involves leaching lithium, including other
potential commercially viable minerals from the sediments, utilizing solvent extraction, pyro metallurgy
and precipitation.
The Bonnie Claire Lithium Property:
The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km
(12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Q uartz-
rich volcanic rocks that contain anomalous amounts of lithium occur within and adjacent to the drainage
basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity
low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from
600 to 900 meters (2,000 to 3,000 feet) . The current claim block covers the gravity low and the
associated mud flats.
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Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualifi ed 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: Keturah Nathe, VP Corporate Development
(604) 718-2800 (x 312)
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.