Ialta Industries Ltd.

Ialta Industries Ltd.

September 13, 2005 13:11 ET

Appointment of Ialta Director, GEO Minerals CEO and Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 13, 2005) - Ialta Industries Ltd. (CNQ:ILTA) (the "Company") is pleased to announce the appointment of Mike England as President, CEO, and Director of GEO Minerals Ltd. ("GEO"), the Company's wholly owned subsidiary.

Mr. England brings to Geo a diverse and proven track record with public companies dating back to the early 1980's. Having held various corporate directorships, Mr. England has been instrumental in numerous mineral resource property acquisitions and financings. He has provided strategic business consulting, investor relations services and capital financing services to these public companies. Most recently Mike held the position of President and Director of United Bolero Development Corp. (UNB - TSX) a Mining, Oil & Gas company where he was responsible for raising CAD $1.5 Million. Mr. England will provide guidance and expertise in the execution of GEO's strategic plan of development and exploration.

In conjunction with the appointment of Mr. England, the Company is also pleased to announce the appointments of Marvin Mitchell, Fraser Hindson & Paul Gray to the Board of Directors of GEO Minerals

Mr. Mitchell has over 38 years experience in the mineral exploration industry including eight years as Exploration Manager for the Minerals Division of Ranger Oil Ltd. Marvin is a registered professional engineer in the Province of British Columbia, and received his degree from the Montana College of Mineral Science and Technology in 1968 (formerly Montana School of Mines). Mr. Mitchell currently sits on the board of several TSX and CNQ listed Mining & Exploration companies.

Mr. Hindson brings over 30 years experience coordinating and integrating skilled professionals and logistical requirements. He has held management positions with some of the largest computer companies in the world including Director with a partner of IBM. Fraser has negotiated and managed partnership relations with a variety of organizations. He has a Bachelor of Commerce from UBC with specialties in finance and management information systems. Fraser is the founding shareholder of Geo Minerals Ltd. and has served as an active Director of Ialta. As a consequence of his new appointment to GEO, Fraser will be stepping down from his board duties of Ialta but will continue to serve on Ialta's business strategy committee.

Mr. Gray holds a Professional Geologist (P.GEO) designation and is an acknowledged Qualified Person (QP) defined under National Instrument 43-101. Paul holds a Bachelor of Science (Honours) degree from Dalhousie University and is currently the Vice President of Exploration for Doublestar Resources Ltd. (DSR - TSX.V). Mr. Gray leads Doublestar's exploration program design, implementation and assessment for the company's assets worldwide. Paul is also responsible for Doublestar's new property acquisition assessments and business partner relations.

In addition to the appointment of the new board and management of GEO, the Company is also pleased to announce the addition of John Stathers to the Board of Directors of Ialta Industries Ltd.

Mr. Stathers was formally educated in Urban Planning & Economics. Mr. Stathers brings more than twenty years of management experience with Canadian Blue Chip Companies. He has extensive board of directors' experience and has worked with diverse groups as a financial consultant as well as the vice-chair of lending for the Community Futures Development Corporation. John currently holds the position of President of a commercial development corporation and is lead portfolio manager and securities analyst for a privately held firm. John's experience as business analyst, lender and advisor will bring proven expertise and guidance in the execution of Ialta's strategic business plan.

The recent changes and additions to the Board of Directors and executive of both Ialta and GEO is consistent with Ialta's growth strategy and will provide expertise and leadership.

About Ialta Industries Ltd.

Ialta Industries Ltd. is an asset management company with an extensive worldwide network of partners, public and private sector contacts, and customers. Ialta is focused on generating shareholder returns through the acquisition and development of timely business opportunities presented by its network in the utility, resource, and industrial sectors. Ialta has been successful at developing business relationships worldwide with a particular focus on the emerging markets. Through a number of key contacts in Europe, Asia, Africa, the Middle East and Latin America, Ialta has designed an investment strategy for identifying emerging business opportunities and providing an efficient and cost-effective mechanism for capitalization using the Canadian public market system. For more information on the Company, please visit www.ialtaindustries.com

On Behalf of the Board of Directors
Ialta Industries Ltd.

signed "Vid Wadhwani"
Vid Wadhwani, Executive Chairman

Certain matters discussed in this press release may contain forward-looking statements. Investors are cautioned that all statements, other than statement of historical fact, involve risks and uncertainties, including but not limited to: product development delays, the ability to attract and retain business partners, competition from other AMR manufacturers, competition from existing power line technologies, and the ability to provide the capital required for product development, operations and marketing. There can be no assurance that such statement will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Investors are encouraged to review the Company's filings on SEDAR at www.sedar.com.

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