ICN Resources Ltd.
TSX VENTURE : ICN

ICN Resources Ltd.

May 06, 2011 13:02 ET

ICN Clarification for Last News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2011) - ICN Resources Ltd. ("ICN" or the "Company") (TSX VENTURE:ICN), wishes to issue the following clarification relative to the Company's news release of May 4, 2011 entitled "ICN Updates Goldfield Bonanza Project".

Details of the Definitive Agreement referred to in the first paragraph of yesterday's News Release are outlined in ICN's news release of March 29, 2011. ICN only has an option on the Goldfield Property. The Option is exercisable over four years and grants ICN the right to earn up to an 80% interest in the Goldfield Property. If ICN fulfills the terms of the Option, then the parties will enter into an 80-20 Joint Venture, with ICN being the majority holder and the Operator. ICN has not yet earned or acquired any interest in the Goldfield Property to date.

The technical information contained in the Company's news release of May 4, 2011 was reviewed by Tom Temkin, a consulting geologist to the Company on the Goldfield Bonanza Project, and Mr. Temkin is a CPG through AIME, and a qualified person as defined by National Instrument 43-101.

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, Sandman, Hollister, Midas and Aurora. ICN plans to explore the feeder zones associated with large low-grade gold and silver systems, as well as explore for high grade deposits at the new Goldfield Bonanza Project located in western Nevada. ICN continues to evaluate opportunities in established metallogenic belts elsewhere in the United States. The ICN management and geological team have extensive experience in Nevada and worldwide, utilizing this experience to generate prime opportunities for ICN shareholders.

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

"Carl Hering"

Carl Hering, President & CEO
ICN Resources Ltd.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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