Mr. Timothy Froude reports

SOKOMAN IRON COMPLETES PHASE 1 PROSPECTING PROGRAM ON CRIPPLEBACK GOLD PROJECT LOCATED IN EMERGING VALENTINE NORTH TREND, CENTRAL NEWFOUNDLAND

Sokoman Iron Corp. has completed a phase 1 reconnaissance prospecting and geochemical (till and stream silt) surveying on its recently acquired Crippleback Lake property (see press release dated Oct. 13, 2016) in central Newfoundland, contiguous with and lying on the same structure as Altius Minerals recently announced Alder zone and Jigger gold discoveries. The property lies approximately 30 kilometres southwest of the town of Grand Falls-Windsor and is easily accessed by numerous logging roads that directly cross the property. The program focused on the Rogerson Lake conglomerate and its contact with the Crippleback Lake quartz monzonite (CLQM), which is believed to span the entire 12-kilometre length of the property. A recent National Instrument 43-101 report filed on SEDAR by Altius and Northwest Arm Capital revealed that most of the company's gold zones are hosted within the Rogerson Lake conglomerate.

The phase 1 program resulted in the collection of a total of 28 till samples, eight stream sediment samples and 37 rock samples from the property, focused on the Rogerson Lake conglomerate and the CLQM (the CLQM is considered equivalent to the Valentine Lake intrusive suite, host to Marathon Gold's Valentine Lake gold project). All samples are currently being prepared for shipment for analysis. Rock samples collected included a variety of mineralized bedrock and float samples, including quartz veins, and altered intrusive, volcanic and sedimentary rocks, all of which exhibited varying degrees of sericite/silica/sulphide (mainly pyrite) alteration/mineralization; however, several samples carried disseminated chalcopyrite and galena, as well as malachite (copper oxide) staining. Note: Mineralization found on the adjoining Altius Minerals property may not be encountered on the Crippleback Lake property, and recent sampling by Sokoman may or may not return significant gold values.

The rock and stream sediment samples will be shipped to Eastern Analytical Ltd., in Springdale, Nfld., for gold and 34-element ICP (inductively coupled plasma) analysis, whereas the till samples will be shipped to Overburden Drilling Management in Ottawa for processing, including gold grain analysis and a fire assay (plus ICP) analysis at an accredited lab. Sokoman will release the findings from the program after results are received and compiled. Sokoman will now actively start looking for other attractive opportunities along this important trend to ensure it remains a key player in such a new and exciting gold district.

Timothy Froude, PGeo, interim chief executive officer, states: "We are pleased to have a significant number of samples on the way to the lab from phase 1. The amount, and widespread nature of the observed and sampled mineralization, is quite positive and suggests a robust mineralizing system, or systems, exist on the property. We're looking forward to advancing Crippleback and evaluating other opportunities."

This news release has been reviewed and approved by Mr. Froude, PGeo, a qualified person under National Instrument 43-101 and interim CEO for Sokoman Iron. For further information, please contact Mr. Froude at 709-765-1726 or by e-mail at tfroude@sokomaniron.com.

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