SOURCE: Ikona Gear International, Inc.

August 22, 2005 16:18 ET

Ikona Gear International Announces New Chief Engineer

Company Hires Industry Veteran to Drive Commercialization and Expansion Into New Markets

COQUITLAM, BC -- (MARKET WIRE) -- August 22, 2005 -- Ikona Gear International, Inc. (OTC BB: IKGI), a leader in innovative gearing systems technology, today announced that it has appointed Sasa Tesic to the position of Chief Engineer.

"We are pleased to announce the appointment of Sasa to our executive team," said Ikona CEO and President Laith I. Nosh. "Sasa's mechanical engineering expertise, along with his broad range of experience in bringing products to market in the oil and gas, automotive, and medical industries, will serve us well as we continue our aggressive expansion into new markets. We look forward to having Sasa lead our gearing platform technology initiatives."

"This is an exciting time in Ikona's history," said Sasa Tesic. "Ikona has emerged as the premier innovator and technology leader in the gearing industry, and I look forward to working closely with the entire team as we take the Ikona gearing platform to the next level."

The company concurrently announced the retirement of former Vice President of Engineering, Barrie Freeke. Freeke, who retired from his position as member of board of directors, will continue to serve in a consulting capacity.

"Barrie's passion for innovation, coupled with his 25 years of gearing industry expertise, has been instrumental in driving commercialization of our gearing platform," said Ikona CEO and President Laith I. Nosh. "We thank him for his efforts, and wish him well in his well-deserved retirement."

About Sasa Tesic

Mr. Tesic is a mechanical engineering, design, and software professional with more than 15 years' experience designing, developing, and commercialization technology applications in the oil and gas, automotive, marine, mining, and medical industries.

Prior to joining Ikona, Mr. Tesic was Design Engineering Manager for Pacific Rim Engineered Products, a manufacturer of mechanical power transmissions in Surrey, British Columbia. He also held the positions of Engineering Team Leader and Senior Designer, driving the development and commercialization of parallel shafts, right angle and planetary gearboxes, hydraulic manifolds and valves, and dozens of additional products.

Tesic received a Bachelor of Science Degree with Honors in Mechanical Engineering from the Military Technical University, University of Belgrade, Serbia and Montenegro (Yugoslavia). He is also a published writer, with articles in "The Scientific Technical Review" and was a featured presenter at the 21st Scientific Expert Conference in Belgrade.

About Ikona Gear International

Ikona Gear designs, manufactures and markets innovative gearing-enabled applications and gear increasing and reduction systems. Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction and very high gear tooth contact. The company's patented technology affords significant advantages over traditional planetary gearing systems including: very high torque, reduced size and weight, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency and low noise. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit us at http://www.ikonagear.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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