Early Warning Report Issued Pursuant to National Instrument 62-103-Acquisition of Convertible Debenture of Innovative Composi...

This press release is being disseminated as required by National Instrument
62-103 - The Early Warning System and Related Take Over Bids and Insider
Reporting Issues - in connection with the filing of an early warning report (the
"Early Warning Report") regarding the acquisition of a convertible debenture of
Innovative Composites International Inc. (CNSX:IC) (OTCQX:ICIZF) (the
"Company"). Mr. Dennis Woods of 65663 Hess Road, Edwardsburg, Michigan 49112,
has acquired, through a private transaction, a convertible debenture in the
aggregate principal amount of $1,049,000 (the "Debenture"). The Debenture incurs
interest at the rate of 10% per annum and is convertible into common shares of
the Company (the "Common Shares") at a conversion price of $0.03. In connection
with his purchase of the Debenture, Mr. Woods also received 1,678,400 share
purchase warrants (the "Warrants") which are convertible into Common Shares at a
price of $0.05 for a period of two years. Mr. Woods purchased the Debenture for
aggregate consideration of $1,049,000.


Assuming conversion of the Debenture and the Warrants in full, Mr. Woods, who
previously owned 1,300,000 Common Shares of the Company, will own or control
37,945,066 Common Shares, representing approximately 31.31% of the issued and
outstanding common shares of the Company. Mr. Woods is required to provide the
Company with 90 days written notice such that upon conversion of the Debenture
or the Warrants or any portion thereof, he would hold a number of Common Shares
equal to or greater than 20% of the issued and outstanding Common Shares of the
Company. 


Mr. Woods purchased the Debenture for investment purposes and may purchase
additional securities of the Company on the open market, by private agreement or
otherwise subject to their availability at attractive prices, market conditions,
applicable laws and other relevant factors.


Mr. Woods intends to file a report describing the above transaction with
applicable regulators, a copy of which shall be promptly sent to anyone who
requests it from the person noted below.


About Innovative Composites International Inc.

Headquartered in Toronto, Canada, Innovative Composites International Inc. is a
high-tech engineering and manufacturing company whose goal is to utilize its
proprietary "green" composite materials and building systems to provide
innovative, engineered product solutions to markets that include automotive and
transportation, shelters and containers, construction and housing, and
industrial applications.


To find out more about ICI please visit our website at:
www.innovativecompositesinc.com.


The CNSX has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Innovative Composites International Inc.
Mark Rivers
Chief Executive Officer
[phone]
[e-mail]
www.innovativecompositesinc.com