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Icron closes $3.6 million dollar equity financing

(Not for distribution to United States newswire services or for dissemination in the United States.)

Vancouver, BC July 21st, 2005 – Further to its news release dated July 7th, 2005, Icron Technologies Corporation (TSX Venture: IT) is pleased to announce that it has closed its private placement financing for gross proceeds of CDN$3,600,000 (the "financing").

Pursuant to the financing, a total of 2,000,000 units were issued at a price of $1.80 per unit (“Unit”). Each Unit consists of one common share and one half (1/2) of one common share purchase warrant. Each full common share purchase warrant entitles the holder to acquire one additional common share at an exercise price of $2.25 per share for a period of 18 months from the date of closing of the financing.

MGI Securities acted as underwriter for the financing and received a cash commission of 7% of the gross proceeds of the financing and compensation warrants exercisable for 140,000 common shares at a price of $1.80 per share for 18 months from the date of closing,.

All securities issued pursuant to the private placement carry a four-month hold period expiring November 22, 2005.

“This was a quick financing that will enable Icron to accelerate product development efforts and expand its market penetration. We are excited about the investor participation and remain committed to the company's future success”, states Icron CEO, Suresh Singh. “The management team at Icron is focused on the execution of our wireless USB 2.0 strategy and growing our market share in the company’s core vertical markets. Building on our already strong balance sheet, this additional capital will enable us to keep pace with the expanding opportunities for ExtremeUSB technology.”

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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