SOKOMAN IRON CORP CONFIRMS IN SITU GOLD MINERALIZATION AT CLARKS BROOK, CENTRAL NEWFOUNDLAND Locally grades to 26.9 g/t Au over 0.25 m; Phase 2 Drilling Program Planned for early 2018

SOKOMAN IRON CORP CONFIRMS IN SITU GOLD MINERALIZATION AT CLARKS BROOK,

CENTRAL NEWFOUNDLAND

Locally grades to 26.9 g/t Au over 0.25 m; Phase 2 Drilling Program Planned for early 2018

December 21, 2017, Pu slinch, ON. - Sokoman Iron Corp (Sokoman) (TSX -V: SIC) is pleased to

announce the results from the Phase 1 drill program completed in late October 2017 at the Clarks Brook

property in central Newfoundland. Selected highlights from the Phase 1 2017 diamond drill program

are as follows:

CB-17-1 5.58 g/t Au / 0.30 m (from 99.20m – 99.50m)

and 1.65 g/t Au / 2.40 m (from 100.84m – 103.25m)

CB-17-2 5.46 g/t Au / 0.50 m (from 71.20m – 71.70)

and 3.37 g/t Au / 3.00 m (from 127.75 – 130.75)

incl. 4.63 g/t Au / 1.65 m (from 127.75 – 129.40)

incl. 26.9 g/t Au/ 0.25 m (from 127.75 – 128.00)

CB-17-3 0.38 g/t Au / 7.35 m (from 46.30 – 53.65)

incl. 3.36 g/t Au / 0.50 m (from 51.40 – 51.90)

CB-17-4 1.55 g/t Au / 0.70 m (from 107.35 – 108.05)

and 2.34 g/t Au / 1.55 m (from 117.00 – 118.55)

Note: Reported intervals are believed to be 80 to 90 percent of true intervals. Individual sample

lengths ranged from 0.25 to 0.85 m in length. All core samples were saw cut in half with one hal f

submitted for gold analysis by fire assay at Eastern Analytical Limited in Springdale, NL. Core

sampling and sample shipment completed by Sokoman Iron personnel.

Sokoman’s four hole, 515 m Phase 1 program, with hole depths ranging from 105 to 143 meters (-45

degree dips), was the first drilling to be completed on the property and all four holes intersected a

variably mineralized structural zone carrying widespread and locally significant gold grades (see

attached plan map and drill section). The locatio n of the mineralized blocks (and outcrop) in a stream

bed prevented previous operators from effectively trenching the mineralization. Other than grab

sampling, the Phase 1 drilling was the first real attempt to evaluate the zone. Based on the four holes

completed, the mineralization remains open along strike and to depth, and the company intends to

commence a Phase 2 drilling program to begin in early 2018. In addition, examination of the core with

assay results in hand identified the need for additional sampling which will be carried out in early 2018.

The Clarks Brook prospect, consists of a number of large (up to 1- 2 m square) angular boulders from

which previous operators had returned grab sample gold values ranging from a minimum of 2.98 g/t to

a maxim um of 24.5 g/t gold (Altius Minerals Corp. (ALS) in 2004), and from the property vendor,

Metals Creek Resources (MEK) in 2016, where thirteen (13) of the large angular blocks were grab

sampled and yielded assays ranging from a minimum of 0.24 g/t to a maxi mum of 10.4 g/t gold. In

addition, Metals Creek reported a single sample of bedrock mineralization of similar style to that of the

boulders, returned a grab sample assay of 19.24 g/t gold. (Note: grab sample assays are selective in

nature and not necessarily representative of average gold grades that may occur on the property.)

Timothy Froude, P. Geo., and interim CEO states; “ The Phase 1 program at Clarks Brook has been a

complete success, and we are already looking forward to the Phase 2 program. We h ave verified the

existence of a new, and potentially significant gold mineralized system at Clarks Brook that is wide

open, and has locally very strong gold grades. In combination with our recently acquired Moosehead

Project and the East Alder/Crippleback Lake project, all in road accessible Central Newfoundland, we

are positioning Sokoman to be a significant player in this emerging district. The region is one of the

more active districts in Canada and we intend to push forward with aggressive prog rams to take

advantage of the momentum building in Newfoundland.”

The Clarks Brook Project lies 30 kilometers southwest of the town of Glenwood and 14 kilometers

from the idle Beaver Brook antimony mine. The recently acquired Moosehead property lies 33

kilometers northwest of the property and all are road accessible.

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 informa tion

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 Venture Exchange Inc. has neither approved nor disapproved the contents of

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

forward-looking statements that involve risks and uncertainties. Actual results may differ 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 documents filed from time to time with the Canadian

securities regulatory authorities by Sokoman Iron Corp.