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Icron announces $3.6 million dollar equity financing

Vancouver, BC July 7th, 2005 – Icron Technologies (TSX.V:IT) announces that it has entered into an agreement with MGI Securities Inc. (the “Underwriter”) to act as lead agent for a “bought deal” underwritten private placement of Units for gross proceeds of $3,600,000. Pursuant to the Offering, Icron will issue 2,000,000 Units at a price of $1.80 per Unit

Suresh Singh, President and CEO stated: “ Icron has continued to execute on its plan to be the leader in wireless USB connectivity solutions. The recent licensing agreement with Freescale was a significant validation of this. This financing further assists Icron in maintaining its market lead by strengthening our resources to be able to effectively provide our ExtremeUSB for wireless technology to other semiconductor companies requiring wireless USB 2.0 functionality.”

Each Unit shall consist of one common share of the Corporation and one-half of a common share purchase warrant. Each whole warrant entitles the holder to subscribe for an additional Common Share at a price of $2.25 per share at any time within 18 months following the Closing Date of the Private Placement.

The proceeds from this Offering will be used for continued research and development and for general working capital purposes.

The completion of the private placement is subject to the approval of the TSX Venture Exchange and all other necessary regulatory approval. Closing is expected to occur on or about July 21st, 2005.

About Icron Technologies Corporation
Icron Technologies Corporation’s patented ExtremeUSB® technology extends the range of USB in wired environments and enables wireless USB over any RF technology. ExtremeUSB is the only USB-IF compliant extension solution and is deployed globally in a wide range of applications including: industrial automation, medical device, aerospace, KVM and computer networking. ExtremeUSB technology is available in a variety of formats including technology licenses, OEM modules, developer kits, as well as branded and private-label products. The company also provides a range of engineering and development services focused on unique USB connectivity issues."
www.icron.com

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 Toronto 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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