Innovative Composites International Files Fiscal 2013 Second Quarter Financial Results

Innovative Composites International Inc. (TSX VENTURE:IC)(OTCQX:ICIZF), a
producer of proprietary engineered composite products, has filed its financial
results for the fiscal 2013 second quarter ended March 31, 2012 under its
profile on www.sedar.com.


The Company also announces that a total of 500,000 options, previously granted
on March 20, 2013, have been cancelled, as follows: (i) 200,000 options
previously granted to Mark Rivers (exercise price of $0.20 and a term of 7
years) have been cancelled, as these were granted to Mr. Rivers in his capacity
as an independent director, which he no longer is due to his appointment as
interim Chief Executive Officer; and (ii) 200,000 options previously granted to
Terry Ball (the current President and COO) and 100,000 previously granted to Sam
Greiss (the previous CFO) (all having exercise prices of $0.10 and a term of 7
years) have been cancelled, as these contained vesting provisions contingent on
successful completion of a financing initiative that did not proceed.


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 prefabricated
modular housing, shelters and containers, and industrial applications.


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


Follow us on www.waggle.ca.

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