Sokoman Iron Acquires Key Claims adjacent to Altius Minerals Alder Zone Discovery

NEWS RELEASE

Sokoman Iron Acquires Key Claims adjacent to Altius Minerals Alder Zone Discovery

January 10, 2017 – Sokoman Iron Corp. TSX -V SIC (the “Company”) is pleased to announce it has

signed a Letter of Intent to acquire , pending TSX-Venture exchange approval, a 100% interest in a 10

claim block (the Unity Resources claims) adjacent to Altius Minerals/Antler Gold’s Alder zone

discovery in central Newfoundland. The Alder Zone has returned channel sample results as high as

49.3 g/t Au over 4.6 meter s from base metal bearing quartz veins (Altius Minerals news release Sept.

20, 2016). The new claims lie less than 3 kilometers from Altius Minerals/Antler Gold Alder Zone

discovery and are contiguous with Sok oman’s East Alder claims recently optioned from Benton

Resources Inc.

The Unity Resources claims lie on trend from the Cape Ray/Valentine Lake/Alder Zone structure, and

are less than 3 kilometers from the recently announced Alder Zone discovery by Altius Minerals and

Antler Gold. The claims are situated (see attached map) contiguous with and immediately north of the

recently optioned East Alder claims from Benton Resources Inc. The property features two new gold

showings which were found during a one day property visit by the vendors in late 2016. The

showings, found along new logging roads, returned grab sample assays of 653 ppb gold (plus 10.8%

copper), and 781 ppb gold. The nearby Alder Zone features strong copper mineralization. No follow up

has taken place to date and there is no estimate of the scope or scale of the mineralization. (Note:

Mineralization and grades reported by Altius may not necessarily be found on the Unity Resources

claims.)

The Unity Resources claims can be acquired, pending TSX -V exchange approval, by paying the

vendors $5,000.00 and issuing 750,000 shares on signing and an additional 650,000 shares on the first

anniversary of the agreement. The vendors retain a 2% NSR of which half (1%) can be purchased for

$1 million cash. In addition to the above payments, Sokoman agrees to pay the vendors:

1) $100,000 payment upon completion of a NI 43-101 compliant resource in cash/shares/or mix;

2) $200,000 payment upon completion of a pre-feasibility in cash/shares/or mix;

3) $300,000 payment upon completion of a final/full/bankable feasibility

Sokoman now has control over 2 20 claims (5, 550 hectares) covering over 22 kilometers of the

structural zone that hosts a number of significant gold deposits and occurrences including the advanced

Cape Ray (Benton Resources Inc.) and Valentine Lake (Marathon Gold) deposits, and the recently

announced Alder Zone discovery by Altius Minerals and Antler Gold. The property is underlain by

deformed rocks of the Rogerson Lake Conglomerate, a rock unit associated with the major structure

linked to the gold deposits at Cape Ray and Valentine Lake. The 2016 NI43- 101 technical report filed

on SEDAR by Altius Minerals revealed that most of the companies gold zones are hosted within the

Rogerson Lake Conglomerate. The property has excellent road access and is i n an area of active

logging and new road construction.

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Timothy Froude, P. Geo., Interim CEO states; “ We have solidified our position adjacent to one of the

most significant new gold discoveries in Newfoundland in recent years. The fact that two new gold

showings were discovered by the vendors in just one day speaks of the potential of this property. We

expect to close our current financing and will finalize exploration plans once we have funding secured.

We also expect to release within the next few days, partial results from the fall sampling program

completed on the Crippleback Lake property. The company is also continuing to work on updating the

website, and once all outstanding results have been received and compiled, and all new property

additions have been finalized/approved, we will then re -open the site to the public. This will take an

additional few weeks and we appreciate your patience.”

This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person"

under National Instrument 43- 101 and Interim CEO for Sokoman Iron Corp. For further information

please contact Timothy Froude at 709-765-1726, or by email at [email protected] 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.

Investors are cautioned that trading in the securities of the Corporation should be considered highly

speculative. The TSX Ventur e Exchange Inc. has neither approved nor disapproved the contents of

this press release. Except for historical information contained herein, this news release contains

forward-looking statements that involve risks and uncertainties. Actual results may dif fer

materially. Sokoman Iron Corp. will not update these forward- looking statements to reflect events

or circumstances after the date hereof. More detailed information about potential factors that could

affect financial results is included in the documen ts filed from time to time with the Canadian

securities regulatory authorities by Sokoman Iron Corp.