(2) Toronto, Ontario--(Newsfile Corp. - March 3, 2021) - Intercontinental Gold and Metals Ltd. (TSXV: ICAU) (the " Company") is pleased to announce, that further to its press release of February 9, 2021, the Company has closed the first tranche of its previously announced non-brokered private placement (the " Offering") through the issuance of 2,050,000 units (the " Units") at a price of $0.135 per Unit for gross proceeds of up to $276,750. Each Unit is comprised of one common share (each, a " Common Share") in the capital of the Company and one Common Share purchase warrant (each, a " Warr...