Ikona Gear International, Inc. - Ikona announces NDA

COQUITLAM, BC, Nov. 4, 2004 -- Ikona Gear International, Inc. (BULLETIN BOARD: IKGI - News) , a leader in innovative gearing systems technology, announced today it has entered into an non-disclosure agreement with TM4 Inc. (www.tm4.com), a division of Hydro Quebec, to explore a potential application of the Ikona Gear patented gearing technology.

Ikona Gear International, Inc. designs, manufactures and markets innovative gearing-enabled applications and gear increasing and reduction systems. Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction and very high gear tooth contact. Our technology affords significant advantages over traditional planetary gearing systems including: very high torque, size and weight reductions, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency, and low noise. Ikona Gear is presently focusing on developing business in the Aviation, Aerospace, Automotive, Industrial Machinery, Robotics, Oil and Gas and Wind energy sectors where its technological advances are most important. Ikona is traded over the counter on the NASD Bulletin Board, under the symbol "IKGI", and on the Frankfurt Exchange under the symbol "IG2".

For more information on Ikona, please visit http://www.ikonagear.com/.

A profile for investors on Ikona may be found at the website http://www.ikonagear.com/investorinfo.html.

Investors may contact Dal Brynelsen, Laith Nosh or Raymond Polman, Ikona Gear International, Inc. at (604) 523-5500, email: ir@ikonagear.com.

  On Behalf of the Board

  Ikona Gear International, Inc.

  "Laith Nosh"

  Laith I. Nosh, President and CEO

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.