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Icron announces Private Placement

BURNABY, B.C., February 11, 2005 - Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB® today announced that it intends to complete a private equity placement to raise up to $600,000. The company expects to close the private placement within the next 15 days.

Funds received from the private placement will be used to accelerate the development of a compatible USB 2.0 wireless solution.

The Company will issue up to 1,200,000 Units at $0.50 per Unit. Each Unit consists of one share of common stock and one half non-transferable common share purchase warrant exercisable at $0.60 per share for a period of 18 months. All the securities issued pursuant to the foregoing will be subject to a four-month hold period. This private placement is subject to the approval of the TSX Venture Exchange.


About Icron Technologies Corp www.icron.com

Icron Technologies Corporation is a leading provider of high-performance digital connectivity technologies for the computer marketplace. Icron's patented ExtremeUSB® technology is compliant with USB Implementers Forum requirements and touches several large worldwide markets from industrial automation to medical devices, aerospace, KVM and computer networking. The company provides branded and private-label packaged products, Original Equipment Manufacturer (OEM) modules, developer kits, technology licensing and engineering and development services.

Icron is a publicly traded corporation and trades under the symbol "IT" on the TSX Venture Exchange. For information on the company and its products, please visit www.icron.com and for detailed financial information visit www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release -- including, without limitation, statements regarding financial estimates and future plans and objectives of Icron -- are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

2005 Icron Technologies Corporation. ExtremeUSB®, USB Ranger™ are trademarks of Icron Technologies Corporation.

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