Vancouver, British Columbia--(Newsfile Corp. - March 29, 2016) - Iconic Minerals Ltd. (TSXV: ICM) (FSE: YQG) (the "Company" or "Iconic")  announces the grant, pursuant to its 10% Rolling Stock Option Plan that was ratified and approved by shareholders on February 16, 2016 and accepted for filing by the TSX Venture Exchange (the "TSX-V") on March 8, 2016, of options to eligible participants to purchase a total of 2,250,000 common shares, exercisable in whole or in part on or before March 28, 2018 at an exercise price of $0.12 per share (being the closing price of the Company's shares on March 29, 2016).

Of the options granted, 800,000 are to Insiders, and accordingly will be subject to the TSX-V's 4 month hold period.

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

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.

Source: Iconic Minerals Ltd.