Iconic Announces Equity Financing Up to $1,000,000

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Iconic Minerals Ltd. (TSX VENTURE:ICM)(FRANKFURT:YQG) announces that it has
negotiated, subject to acceptance by the Exchange, a private placement for gross
proceeds of up to $1,000,000. Accordingly, upon receipt of acceptance from the
TSX Venture Exchange, the Company will issue up to 20,000,000 Units (the
"Units") at a price of $0.05 per Unit, each Unit consisting of one common share
and one share purchase warrant, each warrant entitling the holder thereof to
purchase one additional common share, exercisable for a period of two years from
the date of issuance at a price of $0.15 per share (provided that in the event
that the weighted average closing price of the Company's shares on the Exchange
equals or exceeds Cdn$0.25 during any 20 consecutive trading days commencing
four (4) months after the date of issuance of the Warrants, then the Company may
within 30 days of such an occurrence give notice in writing to the holders of
the Warrants that the Warrants shall expire at 5:00 p.m. (Vancouver time) on the
20th business day following delivery of such notice unless exercised by the
holders of the Warrants prior to such time).


Proceeds raised from the private placement will be used towards exploration and
development of the Company's Hercules Project in Lyon County, Nevada, and for
general working capital purposes.


The Company may pay finders' fees in connection with the private placement in
accordance with the rules and policies of the TSX Venture Exchange.


On behalf of the Board of Directors

Richard Kern, CEO

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.


The securities referred to in this news release have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements.


This news release does not constitute an offer for sale of securities for sale,
nor a solicitation for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing
detailed information about the company and management, as well as financial
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Iconic Minerals Ltd.
Richard Kern
CEO
(604) 336-8614
(604) 718-2808 (FAX)
www.iconicmineralsltd.com

Iconic Minerals (TSXV:ICM)
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