Ikona Gear Introduces Three New Gearing Technologies

COQUITLAM, BC, Feb. 1, 2005 -- Ikona Gear International, Inc. (OTC BB: IKGI), a leader in innovative gearing systems technology, and in keeping with their objective of further developing new technologies, has filed three provisional patent applications with the U.S. Patent and Trademark Office. The new technologies solve long-standing problems and allow equipment in a wide range of applications (from excavators to automotive parts) to be re- engineered and made lighter, smaller, more reliable and more efficient. The new technology applications comprise:

  -   "D-Drive" Gear - Ikona's new differential gear system represents a
      new concept for differential gears. Differential gears have very
      broad application but are not widely used because current designs are
      inefficient. By applying the Ikona system to the traditional
      differential design, Ikona has reduced the parts count and increased
      efficiency, allowing gear reduction units that are simpler and
      lighter.

  -   Slew Ring Gear Reducer - Slew drives are used in applications such as
      excavators to rotate the cab and arm. The Ikona ring gear eliminates
      parts normally required to turn the gear, resulting in a more compact
      system. As with other Ikona gears, the teeth contact ratio is higher
      than in competitive gears, resulting in higher torque capacity for a
      given design weight.

  -   Rolling Contact "Coupling" For Orbiting Gear Devices - Ikona's new,
      compact coupling represents a breakthrough for orbiting/cycloidal
      gear systems which are used in applications such as gearing down
      electric motors to operate conveyor belts. Typically, such systems
      are inefficient at transferring power from high speed input shafts to
      slow speed output shafts because the coupling pins flex. The Ikona
      design minimizes pin flex and reduces friction, as the pins roll
      rather than slide. In turn, this allows a unit of a given size to
      transmit higher torque.

Ikona is currently in discussions with two major manufacturers for the use of its new technologies and is investigating the feasibility of licensing the rolling contact coupling design to coupling manufacturers to improve the performance of their orbiting/cycloidal gear systems.

Ikona Gear has been awarded patents in the USA, Canada and Europe for its unique, highly compact, high gear-ratio gearing technology. This technology was developed by the company under the guidance of Dr. J. R. Colbourne, one of the world's foremost authorities on gear design and gear engineering. Dr. Colbourne continues to play an active role with Ikona's expanding suite of gearing technologies and the modification of technologies to specific commercial applications.

Ikona Gear 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, reduced size and weight, almost zero backlash, accurate back- and-forth actuation, low wear, superior efficiency and low noise. Ikona trades on the Over the Counter market 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.