Iconic Minerals Ltd.
TSX VENTURE : ICM
FRANKFURT : YQG

Iconic Minerals Ltd.

December 18, 2012 14:11 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2012) -

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.

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.

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