ICN Resources Appoints Technical Advisor and Grants Stock Options
Published : April 06, 2011
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Keywords :   Cameroon | Cobalt |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011) - ICN Resources Ltd. ("ICN" or the "Company") (News - Market indicators) is pleased to announce the appointment of David C. Beling as Technical Advisor to the Company, effective March 30, 2011.

About David C. Beling, P.E

David C. Beling, P.E., has a unique combination of project and corporate expertise, with over 47 years of experience in the global precious metal, base metal and energy mineral sectors. Mr. Beling has significantly reviewed or was directly involved with 84 underground mines,127 open pit mines and 163 mineral processing plants as a consultant or while employed with Phelps Dodge, Union Oil, Fluor, United Technologies, Westinghouse, and several Canadian and US junior mining companies.

Since 1981 he served as a senior executive and member of the Board of Directors of eight public mining companies. In addition to developing and managing operations, he initiated or strongly contributed to the closing of debt and equity financings, commodity and asset sales, mergers, acquisitions and joint ventures. Mr. Beling recently retired as the Executive VP & COO of Geovic Mining Corp where he was responsible for developing a world-class cobalt-nickel-manganese project in Cameroon, Africa. Mr. Beling was also pivotal in Geovic's 2006 public listing and sale of $110 million of equity.

The Company also wishes to announce that it has granted 400,000 incentive stock options to the newly appointed Technical Advisor and certain new consultants of the Company. The options are exercisable on or before March 30, 2016 at an exercise price of $0.45 per share. The grant of options is subject to TSX Venture Exchange approval.

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 in Nevada. ICN plans to explore for the high-grade feeder zones associated with large low-grade gold and silver systems, primarily in western Nevada, but is looking for other opportunities in established metallogenic environments elsewhere in the United States. The ICN management and geologic team have extensive experience and discovery history worldwide as well as 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
Data and Statistics for these countries : Cameroon | All
Gold and Silver Prices for these countries : Cameroon | All

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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