ICN Resources Ltd.
TSX VENTURE : ICN

ICN Resources Ltd.

August 25, 2010 16:08 ET

ICN Resources Forms Strategic Advisory Board to Pursue Accretive Growth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2010) - ICN Resources Ltd. ("ICN" or the "Company") (TSX VENTURE:ICN) is pleased to announce the creation of a strategic Advisory Board, to include George Brack and Raymond Threlkeld.

The Advisory Board will provide expert advice on the development and implementation of the Company's Strategic Plan.

"We are planning a significant program to build ICN. As seasoned mining professionals, Mr. Brack and Mr. Threlkeld bring immense knowledge and experience which will greatly enhance ICN shareholder value. I welcome them to the ICN team. Their contribution will be invaluable to the growth of our Company," ICN President and CEO, Carl Hering comments.

George Brack, Corporate Director

Mr. Brack's 24-year career in investment banking and corporate development roles in the mining industry has focused on the identification, evaluation and execution of strategic mergers and acquisitions and the provision of equity financing.

Mr. Brack was most recently Managing Director and Industry Head, Mining Group of Scotia Capital. Prior to joining Scotia Capital in 2006, he served 7 years as President of Macquarie North America Ltd., an investment banking firm specializing in mergers and acquisitions advice to the global mining industry. Previously, Mr. Brack held the position of Vice President, Corporate Development at Placer Dome Inc., working for CIBC Wood Gundy, where he was a Vice President of the Investment Banking Group and worked in Rio Algom's corporate development department.

Mr. Brack serves as a director of Alexco Resource Corp., Capstone Mining Corp, Red Back Mining, Geologix Explorations and Silver Wheaton Corp. Mr. Brack's extensive experience in both completing and advising on merger and acquisition opportunities will be of considerable value to ICN Resources as it continues its accretive growth strategy.

Raymond W. Threlkeld, President and CEO Rainy River Resources Ltd.

Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in exploration, mine development, mine operations and executive management and is presently President and CEO of Rainy River Resources.

Mr. Threlkeld was President and Chief Executive Officer of Western Goldfields Inc. from 2006 - 2009, where he led the team that acquired, developed and put into operation the Mesquite Gold Mine in California. During his tenure the market capitalization of Western Goldfields rose from $12 million to over $300 million in less than 24 months. Western Goldfields was successfully merged into New Gold Inc. in June 2009. He currently remains on the New Gold Board of Directors.

From 1996 until 2004, Mr. Threlkeld was employed with Barrick Gold Corp. where he was responsible for placing more than 30 million ounces of gold resources into production in South America, Africa and Australia.

About ICN Resources

ICN is primarily focused on exploration for volcanic-hosted precious metal deposits in Nevada, emphasizing targets with geological similarities to Sleeper, Ivanhoe, 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+silver systems, primarily in western Nevada, but are 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 use it to generate new opportunities.

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

Carl Hering, President & CEO

ICN Resources Ltd.

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 Icon 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. Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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