Mr. Richard Kern reports

ICONIC REPORTS NO MATERIAL CHANGE AND PROVIDES UPDATES ON ITS 2018 LITHIUM EXPLORATION PROGRAM AT BONNIE CLAIRE PROJECT, NEVADA

Iconic Minerals Ltd. has confirmed that there is no material change in the company's operations that would account for the recent market activity.

The company has initiated environmental permitting of an expanded drilling program at the Bonnie Claire project located in Southern Nevada. The expanded permit will allow drilling of a 450-metre to 600 m (1,500-foot to 2,000-foot) deep hole to sample lithium-bearing sediments.

Using this deep-target drill hole, including the two deep-target holes previously drilled on the property, approximately 2.4 kilometres (1.5 miles) apart, will allow Iconic to produce a National Instrument 43-101-compliant resource estimate on the lithium-rich sediments of the basin. It will also provide additional bulk samples for further metallurgical testing through St-Georges Eco-Mining Corp.'s independent labs to test the commercial viability of St-Georges Eco-Mining's technology for recovery of lithium and additional byproducts on the property.

Further testing through St-Georges Eco-Mining's test program initiative will be incorporated into a preliminary economic assessment report. In addition to the planned deep drill hole, several shallow (less than 100 m or 325 feet) drill holes are planned to test shallow lithium-brine targets.

Geophysics completed on additional shallow lithium-brine targets

A proprietary geophysical survey has been completed over linear surface lithium geochemical anomalies identified by wide-spaced surface salt sampling. The geophysical survey is specifically designed to identify near-surface faults. Results of the survey are being processed and an interpretation is expected soon. The company plans to drill several of the linear lithium anomalies concurrently with its deep-target drilling program.

The above exploration program should be completed in the first quarter of 2018.

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. The associated drainage basin covers an area of 57 square kilometres (22 square miles). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 parts per million. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 m to 900 m (2,000 feet to 3,000 feet). The current claim block covers the brine-bearing potion of the gravity low as defined by geophysics.

Richard Kern, certified professional geologist (No. 11494) and chief executive officer of Iconic, is the qualified person who has prepared and reviewed this press release in accordance with National Instrument 43-101 reporting standards.

We seek Safe Harbor.