Iconic Grants Stock Options

ICONIC MINERALS LTD.

Suite 303, 595 Howe Street Vancouver, B.C. V5C 2T5 Phone: (604) 336-8614 Fax: (604) 718-2808

NEWS RELEASE

Iconic Grants Stock Options

April 13, 2016 – Iconic Minerals Ltd. (the “Company” or “Iconic”) ((TSX-V: ICM) (FSE: YQG) announces the grant, pursuant to its 10% Rolling Stock Option Plan that was ratified and approved by shareholders on February 16, 2016 and accepted for filing by the TSX Venture Exchange (the “TSX-V”) on March 8, 2016, of options to eligible participants to purchase a total of 500,000 common shares, exercisable in whole or in part on or before April 12, 2018 at an exercise price of $0.20 per share (being the closing price of the Company’s shares on April 13, 2016).

On behalf of the Board of Directors

SIGNED: “Richard Barnett”

Richard Barnett, CFO

Contact: (604) 336-8614

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

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.