ICN Icn Resources Ltd.

THIS NEWS RELEASE IS NOT FOR DISIMINATION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE U.S.


ICN Resources Ltd. ("ICN" or the "Company") (TSX VENTURE:ICN) is pleased to
announce a non-brokered private placement of up to 14,000,000 common shares at a
price of $0.30 per common share, for gross proceeds of up to $4,200,000 (the
"Offering").


The common shares will be made available by way of private placement exemptions
in Canada and may be offered in other jurisdictions where they can be issued on
a private placement basis, exempt from any prospectus, registration or other
similar requirements.


The Offering is subject to a number of conditions including receipt of all
necessary corporate and regulatory approvals, including the approval of the TSX
Venture Exchange. The Company may pay a finder's fee on the Offering in cash,
warrants, or a combination thereof, within the maximum amount permitted by the
policies of the TSX Venture Exchange.


All securities issued in connection with the Offering will be subject to a
statutory hold period of four months plus a day from the date of issuance in
accordance with applicable securities law legislation.


Assuming completion of the Offering, the net proceeds will be used for
exploration of the Company's Nevada gold projects and for general working
capital purposes.


About ICN Resources

ICN is primarily focused on exploration for volcanic-hosted precious metal
deposits in western Nevada, emphasizing targets with geological similarities to
Sleeper, Hollister, Midas and Aurora in Nevada and El Penon in Chile. ICN plans
to explore for the high-grade feeder zones associated with large low-grade gold
and silver systems, primarily in western Nevada, but is looking for similar
opportunities in established mineral belts elsewhere in the United States. The
ICN management and geologic team have extensive experience in Nevada and will
utilize this experience to generate prime opportunities for ICN shareholders.


On Behalf of the Board of Directors of ICN Resources Ltd.

Carl Hering, President & CEO

The forward-looking information contained in this press release is made as of
the date of this press release and, except as required by applicable law, ICN
does not undertake any obligation to update publicly or to revise any of the
included forward-looking information, whether as a result of new information,
future events or otherwise. By its very nature, such forward-looking information
requires ICN to make assumptions that may not materialize or that may not be
accurate. This forward-looking information is subject to known and unknown risks
and uncertainties and other factors, which may cause actual results, levels of
activity and achievements to differ materially from those expressed or implied
by such information.

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