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ICM.V ·

Iconic Announces Negotiation of Equity Financing up to $2,805,000

Financings

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

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

Iconic Announces Negotiation of Equity Financing up to $2,805,000

(January 15, 2018) – Iconic Minerals Ltd. (TSX-V: ICM / FSE: YQGB / OTC: BVTEF)

announces the negotiation of a private placement for gross pro ceeds of up to $2,805,000 (the

“Financing”), subject to acceptance by the TSX Venture Exchange. These funds will be raised by

the Company issuing up to 11,000,000 units (the “Units”), at a price of $0.255 per Unit, each Unit

consisting of one common share a nd one-half share purchase warrant, each whole warrant

entitling the holder thereof to purchase one additional common share, exercisable for a period of

two (2) years from the date of issuance at a price of $0.40 per share in the first year and $0.60 per

share in the second year.

Proceeds raised will be used toward expenditures required for the Bonnie Claire lithium Property,

and for general working capital purposes.

The Company may pay finders’ fees in connection with the Financing in accordance with the

rules and policies of the TSX-V.

Insiders may participate for up to 4,500,000 Units from the Financing.

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

The securities referred to in this news release have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the

account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration

requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any

securities. Any public offering of securities in the United States must be made by means of a prospectus

containing detailed information about the company and management, as well as financial statements.

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.