VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2012) - Corazon Gold Corp. (TSX VENTURE:CGW)(OTCBB:RMZFF) ("Corazon") and ICN Resources Inc. (News - Market indicators) ("ICN") are pleased to announce that they have closed their plan of arrangement whereby Corazon acquired all of the outstanding shares of ICN. This business combination will result in a well-financed company with gold and silver exploration projects in Nicaragua, Nevada and Colorado. The Transaction was approved by approximately 99% of the shareholders of ICN that voted on a special resolution with respect to the Transaction at an annual and special meeting of ICN shareholders held on October 15, 2012, and a final order with respect to the Transaction was obtained by ICN from the British Columbia Supreme Court on October 16, 2012.

Pursuant to the terms of an arrangement agreement dated August 10, 2012, as amended, 0947474 B.C. Ltd., a wholly-owned subsidiary of Corazon, amalgamated with ICN on October 17, 2012 under the name "ICN Resources Ltd.", the amalgamated company became a wholly-owned subsidiary of Corazon, and Corazon has agreed to issue up to 51,665,740 common shares of Corazon (each, a "Corazon Share") to the former shareholders of common shares of ICN (each, an "ICN Share") on a one for one basis. In order to obtain their Corazon Shares, ICN shareholders are required to deliver the certificate representing their ICN Shares, together with a completed letter of transmittal, to Corazon's transfer agent, Canadian Stock Transfer, pursuant to the instructions set forth in the letter of transmittal previously delivered to ICN shareholders. Blank copies of the letter of transmittal can be obtained from Corazon upon request. All outstanding ICN options and warrants will now be exercisable into Corazon Shares, rather than ICN Shares, on the same terms as provided for with respect to the existing ICN options and warrants, without any further action required on the holder thereof.

As a result of the completion of the Transaction, the ICN Shares will be delisted from the TSX Venture Exchange effective at market close on October 18, 2012. Corazon intends to file an application for ICN to cease to be a reporting issuer in the Provinces of British Columbia and Alberta in accordance with applicable securities laws.

None of the Corazon Shares issued in connection with the Transaction may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities in any state where such offer, solicitation, or sale would be unlawful.

On Behalf of the Board of Directors of: 

CORAZON GOLD CORP.

Patrick Brauckmann, President and CEO

ICN RESOURCES LTD.

Carl Hering, President and CEO