Sokoman Iron Corp. Encouraged With Exploration Findings

Anomalous gold bearing float found in multiple locations; up to 5.31 g/t gold and 380 g/t silver

Puslinch - Sokoman Iron Corp., TSX-V SIC (the “Company” or “SIC”) is pleased to provide the following update on continuing exploration activities at the Company’s 100% owned Central Newfoundland Gold Project (CNGP), located on the Cape Ray/Valentine Lake/Alder Zone structural trend, in Central Newfoundland. The Company has received final assay results for 481 B and C horizon soil samples, 15 rock samples, and gold grain counts for 15 till samples collected over portions of the East Alder block, a key component of the CNGP. In addition, SIC has recently submitted for analysis a total of 241 B and C horizon soil samples, 18 rock samples and 20 till samples collected as follow up to the successful Fall 2016 reconnaissance till sampling program at Crippleback Lake, a key part of the CNGP, and where individual till samples collected in late 2016 returned up to 57 gold grains of which 43 grains were considered delicate (of local origin) in nature.


East Alder

Sokoman’s East Alder property is contiguous with the Wilding Lake Project being explored by Antler Gold and where several significant high-grade gold discoveries have been recently announced (Antler Gold Website, 2017). Wilding Lake highlights include multiple high-grade showings over a 1 km strike length including channel assays of 49.3 g/t Au /4.6 m (Alder Zone); and 93.1 g/t Au over 1.3 m (Elm Zone). All of the occurrences announced by Antler Gold are located between 3 kilometres to 1.5 kilometres from Sokoman’s property boundary.

The Company has now received all outstanding soil and rock assay results (Eastern Analytical Ltd., Springdale, NL) and gold grain counts (Overburden Drilling Management, Ottawa, ON) from the East Alder block. Gold assaying at Eastern consists of a fire assay (30 g) with atomic absorption finish.

A total of 481 B and C horizon soils were collected from selected areas of the property, on lines spaced 100 m apart with a sample spacing of 25 m. The results include 45 samples assaying 10 parts per billion (ppb) gold or higher, of which 13 samples returned 20 ppb gold or higher to a maximum of 82 ppb gold. The results have highlighted four separate areas which will either be trenched or have test pits dug, for which permitting is currently underway. Approximately 40% of the property has been covered with reconnaissance soils and that program will continue alongside the proposed trenching and test pitting. Significantly, the anomalous areas correspond closely with magnetic features (see compilation map attached).

The Company has also received final assay results from rock samples collected to date at East Alder. A total of 15 samples, mainly of variably mineralized quartz float, has returned values ranging from less than detection (< 5 ppb) gold to a maximum of 5317 ppb (5.317 grams per tonne) gold. In addition, several samples report strongly anomalous base metals and silver as highlighted in the following table:

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Most of the rock samples collected are from angular float, including the ones highlighted above. The highest grading sample was a chalcopyrite (copper) rich sample found in the southwest portion of the property in an area that currently has no soil coverage but which is prioritized for soil sampling and follow-up prospecting.

The Company has also received final gold grain counts from 15 reconnaissance till samples collected over selected areas of the property. A total of seven tills contained 5 or more gold grains (highlighted in table below) to a maximum of 17 grains and only two samples did not contain any gold grains. Most samples reported a mixture of pristine, modified and reshaped grains according to Overburden Drilling Management in Ottawa where the samples were processed. This suggests multiple sources, including proximal sources. Significantly, all but one of the highest grain counts received are proximal to soil anomalies identified from this years’ work. They are also associated with one of many linear magnetic anomalies. These areas will be prioritized for trenching and/or test pitting this summer.

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A field crew will be returning to East Alder to focus on the remaining portions of the property that has not yet been covered with reconnaissance soil sampling or prospecting while awaiting permits to begin trenching and test pitting.


Crippleback Lake

The Company is pleased to report that a field crew has collected a total of 241 B and C horizon soils, 18 rock samples, and 20 tills as follow up to the Phase 1 Till sampling in late fall 2016, that returned up to 57 gold grains as well as number of samples returning greater than 10 gold grains. The current program focused on three target areas that returned significant gold grain counts from the 2016 till sampling. The soil and rock samples have been delivered to Eastern Analytical Limited in Springdale, NL, while the till samples are being couriered to Overburden Drilling Management in Ottawa for processing. Results are expected in 2-3 weeks and a highlight map will be provided once compiled.

Timothy Froude, P. Geo., Interim CEO states, “We are very pleased with the results to date at East Alder. This is exactly how Antler Gold’s Wilding Lake discoveries unfolded with discoveries of float and follow-up of soil geochemistry. Applications have been made to the Government for trenching and testing at the numerous anomalies we have identified with only 40% of the property effectively covered by reconnaissance surveys.”

Sokoman Iron Corp. is a discovery-focused company with projects in Newfoundland & Labrador, Canada. The Company’s primary focus is the Central Newfoundland Gold Project (CNGP) which comprises three properties (Crippleback Lake, Princess Lake and East Alder) straddling the emerging Cape Ray/Valentine Lake/Alder structural zone which hosts the 2.1 M oz Valentine Lake project (Marathon Gold MOZ-T); and the recently announced high grade Wilding Lake Project (Antler Gold ANTL-V). The company also has a 100% interest in the Iron Horse Project in the eastern Labrador Trough.

This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instrument 43-101 and Interim CEO for Sokoman Iron Corp.

For further information please contact Timothy Froude at 709-765-1726, or by email at tfroude@sokomaniron.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.

Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Iron Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Iron Corp.

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