ICN Resources Announces TSX Venture Exchange Approval on the Definitive Agreement With Lode Star
Published : April 13, 2011
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Keywords :   Gold | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2011) - ICN Resources Ltd. (News - Market indicators) ("ICN" or the "Company") is pleased to announce that it has received approval from the TSX Venture Exchange regarding the Definitive Agreement with Lode Star Gold Inc. for the Goldfield Bonanza Project. The signing of the Definitive Agreement with Lode Star Gold Inc. was announced in March 2011 (see ICN News Release of March 29, 2011). The Company has made the initial cash payment of US$50,000 and issued 500,000 units. Each unit consists of one ICN common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of ICN for a period of two years at an exercise price of $0.44.

About ICN Resources

ICN is primarily focused on exploration for volcanic-hosted precious metal deposits in western Nevada, emphasizing targets with geological similarities to Sleeper, Sandman, Hollister, Midas and Aurora. ICN will explore the high-grade feeder zones associated with large low-grade gold and silver systems, but is also focusing exploration efforts for high grade deposits at its new Goldfield Bonanza Project. ICN continues to evaluate other opportunities in established metallogenic environments elsewhere in the United States. The ICN management and geologic team have extensive exploration and discovery experience worldwide and in Nevada and will utilize this experience to generate prime opportunities for ICN shareholders.

On Behalf of the Board of Directors of ICN Resources Ltd.,

Carl Hering, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ICN Resources Ltd.
Tasso Baras
1-877-738-3882 or 604-738-3882
www.icnresources.com

ICN Resources

EXPLORATION STAGE
CODE : ICN.V
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ICN Resources is a gold exploration company based in Canada.

ICN Resources holds various exploration projects in Canada.

Its main exploration properties are OTISH BASIN URANIUM, KING'S RIVER, DUNES, ROCKLAND-PINE GROVE, HOG RANCH, BERESFORD LAKE, ESTILL and GF BONANZA in Canada.

ICN Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.1 millions as of today (US$ 3.2 millions, € 2.4 millions).

Its stock quote reached its lowest recent point on December 28, 2001 at CA$ 0.02, and its highest recent level on December 31, 2007 at CA$ 1.45.

ICN Resources has 51 666 000 shares outstanding.

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Project news of ICN Resources
6/28/2011(Hog Ranch)Announces Acquisition of Additional Nevada Project and Final...
5/18/2011(Gf Bonanza)ICN Reports Initial Drill Results From Goldfield Project
5/12/2011(King's River)ICN Acquires New Nevada Project
Corporate news of ICN Resources
10/18/2012Corazon Completes Acquisition of ICN Resources Ltd. Creating...
6/9/2011Reports RC Drill Results from Goldfield Project Hole ICR-003...
5/4/2011ICN Updates Goldfield Bonanza Project
4/13/2011ICN Resources Announces TSX Venture Exchange Approval on the...
4/6/2011ICN Resources Appoints Technical Advisor and Grants Stock Op...
3/29/2011ICN Signs Definitive Agreement With Lode Star Gold, Inc.
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