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ICRON Technologies Corporation Closes $600,000 Private Placement Financing

BURNABY, B.C., February 22, 2005 - Icron Technologies Corporation (TSX Venture: IT), the developers of ExtremeUSB® today announced completion of the $600,000 private placement financing announced on February 11, 2005. The Company has issued 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 are subject to a four-month hold period.

Participants in the private placement include Icron’s President and CEO Suresh Singh, and other members of the board of directors and management of the company. Other participants included one institution and ten clients of McFarlane Gordon.

In addition, 625,000 previously issued warrants to purchase shares were exercised early, netting an additional $187,500 to the company.

The company currently has in excess of $1,350,000 in cash.

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, and technology licenses. 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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