Iconic Plans to Extend Term of Previously Issued Warrants

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

ICONIC PLANS TO EXTEND TERM OF PREVIOUSLY ISSUED WARRANTS

November 7, 2017 – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB )

announces that it wishes to extend the expiry date of the following previously issued Warrants so

that they all expire on February 22, 2020:

- Warrants issued December 22, 2016 to purchase a total of 590,909 common shares of the

Company at $0.20 per share, currently expiring December 21, 2017 (see News Release

dated December 22, 2016); and

- Warrants issued February 22, 2017 to purchase a total of 1,681,818 common shares of the

Company at $0.20 per share, currently expiring February 21, 2018 (see News Release

dated February 22, 2017).

Subject to receipt of acceptance from the TSX Venture Exchange , the expiry term for the above

Warrants will be extended to expire on February 21, 2020. Other than extension of the term, the

Warrant provisions will remain the same.

On behalf of the Board of Directors

SIGNED: “Richard Barnett”

Richard Barnett, CFO and Secretary

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.