Nevada Lithium Resources Inc. and Iconic Minerals Ltd. to announce that they have completed the previously announced plan of arrangement under the Business Corporations Act, whereby Nevada Lithium acquired Iconic's 50% interest in the Bonnie Claire lithium project located in Nye County, Nevada. Upon completion of the Arrangement, Nevada Lithium now holds a 100% interest in the Bonnie Claire Project. In connection with the completion of the Arrangement Nevada Lithium will receive the gross proceeds from the Concurrent Offerings totalling $11,320,998, which included participation from several investors.