ICN Reports RC Drill Results and Drilling Update for the Goldfield Bonanza Project

ICN Resources Ltd. (TSX VENTURE:ICN) ("ICN" or the "Company") is pleased to
announce the results of the remaining reverse circulation (RC) drill holes
completed during its Phase I exploration drill program on the Goldfield Bonanza
Project. The Goldfield Bonanza project, under option from Lode Star Gold, Inc.,
a private Nevada corporation, is located in the historic Goldfield mining
district of Nevada. The Goldfield district is well known for multi-ounce,
bonanza grade gold ores and has recorded historic production in excess of 4
million ounces of gold. From 1903 through 1912, the District produced 3 million
ounces of gold at an average grade of 1.81 oz/ton Au (62 g/t).


RC Highlights:



--  Mineralization extended 250 metres along strike to the north of the high
    grade Church Zone. 
--  Exploration drilling south of the Silver Pick Shaft encountered a
    brecciated and silicified zone over a strike length of 300 metres in the
    first known drill testing of this portion of the property. 
--  Overall, the RC exploration drill program identified new areas of
    mineralization over a combined length of 700 metres along the main
    structural corridor. 



RC Holes ICR-004 to ICR-029 were drilled during May and June of this year, for a
total of approximately 4,300 metres in 25 holes. Results of the first three (3)
RC holes, drilled in the newly identified high grade Church Zone target area,
were released on June 9, 2011. The 25 RC holes reported herein are distributed
throughout property, and are the first exploration holes ICN has drilled away
from previously known mineralized areas, including the high grade Church Zone.


Carl Hering, President and CEO of ICN Resources stated that, "The RC drill
results are certainly significant from a geologic standpoint as they are the
first exploration holes drilled in the northern and southern portions of the
property. The areas tested are covered by post mineral rock, and collar
locations were selected based on limited geologic information. Despite this
fact, a number of the holes encountered silicified and mineralized zones
requiring further drill testing. We are particularly encouraged by encountering
mineralization along the north extension of the high grade Church zone,
extending the potential strike here to over 250 metres, while remaining open to
both the north and south."


The RC drilling was focused on five (5) main target areas as discussed below.
Particularly encouraging results were obtained in the area lying immediately to
the north of the Church Zone (see ICN News Release of May 17, 2011 for initial
results in the Church Zone), and along the southern extension of the Silver Pick
workings (see Table 1 below).


The long intervals intercepted north of the Church Zone are indicative of
proximity to areas of stronger mineralization. Drill results between the Church
Zone and the January-Combination open pit extend the strike of the identified
mineralization over 250 m to the north of the high grade ledge at the Church
Zone. For example, hole ICR-023 encountered 44.2 m @ 0.58 g/t Au and hole
ICR-019 intercepted 12.2 m @ 1.32 g/t Au. Information to date from all previous
work suggests that long, low grade intercepts are often found near high grade,
multi-ounce ledges.




Table 1: Summary of RC Drill Intercepts             ICR-004 to ICR-029     
---------------------------------------------------------------------------
                          Inclin-        TD       From    To Interval    Au
Hole ID          Azimuth   ation         (m)        (m)   (m)      (m) (g/t)
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Decline Structure - 4 Holes                                                
---------------------------------------------------------------------------
ICR-005               75     -65      170.7       53.4  64.0     10.7  0.44
---------------------------------------------------------------------------
ICR-013               75     -70      152.4      143.3 147.9      4.6  0.90
---------------------------------------------------------------------------
                                                                           
Phelan Shaft - 5 Holes          no significant results                     
                                                                           
Silver Pick Shaft - 7 Holes                                                
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ICR-008              255     -70      164.6      122.0 128.0      6.1  0.50
---------------------------------------------------------------------------
ICR-009              255     -60      170.7      144.8 149.4      4.6  0.57
---------------------------------------------------------------------------
ICR-012              255     -70      158.5      154.0 157.0      3.0  1.03
---------------------------------------------------------------------------
ICR-020              255     -75      353.7       99.1 103.7      4.6  0.59
---------------------------------------------------------------------------
                                                                           
North Extension of Church - 6 Holes                                        
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ICR-019               90     -70      158.5       80.8  93.0     12.2  1.32
---------------------------------------------------------------------------
ICR-021               90     -60      158.5       97.6 108.2     10.7  0.79
---------------------------------------------------------------------------
                                                 117.4 120.4      3.0  0.41
                                                 --------------------------
                                                 125.0 129.6      4.6  0.88
                                                 --------------------------
                                                 137.2 140.2      3.0  0.46
---------------------------------------------------------------------------
ICR-023               90     -60      140.2       71.6 115.9     44.2  0.58
---------------------------------------------------------------------------
ICR-025               90     -60      164.6       93.0 132.6     39.6  0.43
---------------------------------------------------------------------------
                                                                           
Geophysical Targets - 4 Holes                                              
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ICR-027              270     -60      262.2       74.7  77.7      3.0  0.43
---------------------------------------------------------------------------
Note: Intervals are calculated using a.01 opt (.34 g/t) cut off over a     
      minimum of 10 feet (3.05 m). True width is unknown, as identified    
      mineralized structural orientations are variable. Holes in number    
      sequence not shown in the above table returned either less           
      significant or no significant results.                               



Drill holes located south of the Silver Pick shaft were designed to test for the
presence of a large, low grade (1 to 4.9 g/t) breccia body reported by Searles
(Univ. of Nevada Bull. vol. XLII, no. 5, 1948) as being found between the 271'
(82 m) and 500' (152 m) levels of the Silver Pick workings. The ICN RC drilling
returned relatively narrow intercepts in the 0.5 to 1 g/t range from a
silicified and veined zone. Given the fact that none of these holes encountered
old workings or backfilled areas as might be expected from drill hole placement,
it appears that there may be a discrepancy in the underground surveys of the
1920's to 1950's and their relationship to the ICN surface survey control.
However, the fact that mineralization was encountered in a consistent silicified
zone, striking roughly north-south and dipping east as reported by Searles,
suggests that we are proximal to the target area. Additional drilling will be
completed, particularly further to the south, as drill hole ICR-012, the
southern-most drill hole, returned the best gold intercept of 1.03 g/t in the
300 m long silicified and variably mineralized corridor that comprises the
Silver Pick target.


The Phelan target is located approximately 100 metres northwest of the Silver
Pick shaft, and the five RC holes drilled here also intersected a silicified and
veined north-northwest-trending structural zone averaging 13 metres wide in the
drill holes. Geologic and the alteration features suggest proximity to the
high-grade Phelan ledge (reported to be greater than 3 opt Au), but none of the
holes contained significant assay results. Drill results in the Decline
Structure and in the four geophysical targets tested indicate that additional
analysis of these target areas is required. Drill hole maps and complete results
will be posted on the Company web-site following release of the core hole
results early next week.


Drill Planning Update

A specialist has been engaged to complete mineralogical studies on selected core
and RC holes using a TerraSpec analytical spectrometer. The purpose of this work
is to assist in determining alteration mineral zonation to be interpreted in
conjunction with selected trace element analyses. Results from both of these
studies will be utilized to focus more precisely on higher grade portions of
specific target areas. In addition, a biogeochem survey is being conducted in
the areas of post mineral cover. Biogeochem is a similar to a soil survey, with
the exception that it utilizes trace element analysis of vegetation samples
collected on a grid to detect sub-surface geochemical anomalies in concealed
areas that would otherwise be undetectable by conventional soil sampling.


New data developed from the above programs will be integrated into the overall
database for the purpose of planning a Phase II drill campaign. The Company is
currently planning a Phase II drilling program, to be initiated within the next
three to six weeks.


QA/QC

All sampling on the Goldfield Bonanza Project follows NI 43-101 accepted
principles and is being conducted by ICN personnel or consultants (National
Instrument 43-101 Standards of Disclosure for Mineral Projects). Assays for the
RC holes were completed at ALS Chemex in Reno, Nevada, an ISO:9001 certified
laboratory and/or by American Assay, Reno, Nevada, also an accredited
laboratory. Initial fire assay with atomic adsorption finish is completed for
all samples, and subsequently, for samples in excess of 10 g/t Au, a
conventional gravimetric assay is conducted. ICN randomly inserts standard
reference material, blanks and duplicate control samples to monitor laboratory
performance. Results reported herein have been checked and have undergone
quality control review.


Tim Percival, CPG and a P.Geo., a Qualified Person as defined by NI 43-101 and
Chief Geologist for the Company, has reviewed and approved the technical
information contained in this news release.


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 plans to explore the feeder
zones associated with large low-grade gold and silver systems, as well as
explore for high grade deposits at the new Goldfield Bonanza Project located in
western Nevada. ICN continues to evaluate opportunities in established
metallogenic belts elsewhere in the United States. The ICN management and
geological team have extensive experience in Nevada and worldwide, utilizing
this experience to generate prime opportunities for ICN shareholders.


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

Carl Hering, President & CEO

ICN Resources Ltd.

www.icnresources.com

The forward-looking information contained in this press release is made as of
the date of this press release and, except as required by applicable law, ICN
does not undertake any obligation to update publicly or to revise any of the
included forward-looking information, whether as a result of new information,
future events or otherwise. By its very nature, such forward-looking information
requires ICN to make assumptions that may not materialize or that may not be
accurate. This forward-looking information is subject to known and unknown risks
and uncertainties and other factors, which may cause actual results, levels of
activity and achievements to differ materially from those expressed or implied
by such information.