ICM Iconic Minerals Ltd

ICONIC MINERALS LTD. (TSX VENTURE:ICM)(FRANKFURT:YQG) announces that it will not
at this time be proceeding with the debt settlement and equity financing
announced on October 13, 2011.


On behalf of the Board of Directors

Richard Barnett

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.

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