Iconic Announces Negotiation of Equity Financing up to $600,000

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 $600,000

(December 13 , 2017 ) – Iconic Minerals Ltd. (TSX-V: ICM / FSE: YQGB / OTC: BVTEF)

announces the negotiation of a private placement for gross pro ceeds of up to $600,000 (the

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

the Company issuing up to 6,000,000 units (the “Units”), at a price of $0.10 per Unit, each Unit

consisting of one common share and one 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 $0.15 per share ( provided that in the event that the

weighted average closing price of the Company’s shares on the TSX Venture Exchange (the

“TSX-V”) equals or exceeds $0.25 per share during any 20 non-consecutive trading days in a 365

day period, commencing four (4) months after the date of issuance of the Warrants, then the

Company may, within 20 days of such an occurrence, give notice in writing to the holders of the

Warrants that the Warrants shall expire at 5:00 p.m. (Vancouver time) on the 20 th business day

following delivery of such notice unless exercised by the holders of the Warrants pri or to such

time).

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.

One Insider (the “Related Party”), will directly and/or indirectly subscribe for an aggregate of up

2,500,000 Units from the Financing, which will increase that Related P arty’s pro rata

shareholdings in the Company (the “Related Party Transaction”). All of the independent

directors of the Company, acting in good faith, have determined that the fair market value of the

securities being issued and the consideration paid is reasonable and, with the value of the Related

Party Transaction being less than 25% of the Company’s market capitalization, is exempt from

the formal valuation and minority shareholder approval requirements of the Ontario Securities

Commission’s Rule 61-501.

On behalf of the Board of Directors

SIGNED: “Jurgen Wolf”

Jurgen Wolf, Director

Contact: (604) 336-8614

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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 so licitation 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.