ICN Resources Ltd.
TSX VENTURE : ICN

ICN Resources Ltd.

April 13, 2011 13:45 ET

ICN Resources Announces TSX Venture Exchange Approval on the Definitive Agreement With Lode Star

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2011) - ICN Resources Ltd. (TSX VENTURE:ICN) ("ICN" or the "Company") is pleased to announce that it has received approval from the TSX Venture Exchange regarding the Definitive Agreement with Lode Star Gold Inc. for the Goldfield Bonanza Project. The signing of the Definitive Agreement with Lode Star Gold Inc. was announced in March 2011 (see ICN News Release of March 29, 2011). The Company has made the initial cash payment of US$50,000 and issued 500,000 units. Each unit consists of one ICN common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of ICN for a period of two years at an exercise price of $0.44.

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 will explore the high-grade feeder zones associated with large low-grade gold and silver systems, but is also focusing exploration efforts for high grade deposits at its new Goldfield Bonanza Project. ICN continues to evaluate other opportunities in established metallogenic environments elsewhere in the United States. The ICN management and geologic team have extensive exploration and discovery experience worldwide and 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

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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