Iconic Minerals Limited: Announces First Tranche Closing of Financing

In accordance with the provisions of Subscription Agreements, on August 26, 2015 the Company issued a total of 4,066,250 common shares at $0.05 per Share for gross proceeds of $203,312.50.

These shares are subject to a hold period under applicable Canadian securities laws expiring on December 27, 2015, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.

No finders' fees were paid in connection with this first tranche closing.

The Company anticipates closing the balance of this financing on or prior to September 15, 2015.

On behalf of the Board of Directors

SIGNED: "Richard Barnett"

Richard Barnett, CFO

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

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.

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.

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

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