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ICM.V ·

Iconic Receives Metallurgical Testing Update from St-Georges Eco-Mining Corp. for Bonnie Claire Lithium Project, Nevada

Metallurgy & Processing

ICONIC MINERALS LTD.

Suite 303, 595 Howe Street

Vancouver, B.C. V6C 2T5

Phone: (604) 336-8614 Fax: (604) 718-2808

www.iconicminerals.com

NEWS RELEASE

Iconic Receives Metallurgical Testing Update from St-Georges Eco-Mining Corp.

for Bonnie Claire Lithium Project, Nevada

(December 20, 2018) – Iconic Minerals Ltd. (“Company” or “Iconic”) (TSX-V: ICM) (OTC:

BVTEF) (FSE: YQGB) has received an update from St -Georges Eco-Mining Corp. (“St -

Georges”) regarding further metallurgical testing of Bonnie Claire lithium bearing sediments.

See St-Georges News Release dated December 20, 2018, which describes the increase in lithium

concentration using mechanical separation and selective leaching of other elements from the

lithium-rich sediments.

It is anticipated that a full report will be received f rom St-Georges in January 2019, which will

allow a determination of the potential positive impact on their processing methodology at Bonnie

Claire. The report is expected to contain Li recoveries, economics and pilot plant parameters.

The Bonnie Claire Lithium Property Characteristics:

The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and

20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium,

occur within and adjacent to the valley . Geochemical analysis of the local salt flats has yielded

lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and

the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000

feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain

by lithium-rich sediments.

On behalf of the Board of Directors

SIGNED: “Richard Kern”

Richard Kern, President and CEO

Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

For further information on ICM, please visit our website at www.iconicminerals.com. The Company’s

public documents may be accessed at www.sedar.com

Forward Statement: This news release includes certain forward -looking statements or information. All

statements other than statements of historical fact included in this release are forward-looking statements that

involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate

and actual results and future events could differ materially from those anticipated in such statements. Iconic

expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a

result of new information, future events o r otherwise except as otherwise required by applicable securities

legislation.

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.