Iconic Plans to Extend Term of Previously Issued Warrants

Vancouver, British Columbia--(Newsfile Corp. - November 7, 2017) - Iconic Minerals Ltd. ICM BVTEF 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.