03.10.08 - 18:17 Uhr
  Dear Shareholders,

With the current turmoil in the financial markets your management would like
to reassure you that your company will soon be distinguished from the crowd
in that the company will shortly be producing a small amount of copper from
it’s EMEW plant, as advised in previous News Releases, and therefore will
have cash flow and will be able to weather the current financial storm that
we think will sink many others.

* The construction of the EMEW plant is well advanced as evidenced by
the attached photographs taken within the last few weeks.
* As also mentioned in previous News Releases a NI 43-101 Resource
Report on the Mokambo property will be announced shortly. Stay tuned.
* With the current fire sale going on in the market today, it may be
prudent for some of you to average down now at these lower prices and
increase your ICX investment.

Graham Chisholm, President and CEO recently appeared on Taylor Theons BTV
segment and can be seen at the following link HYPERLINK
"
copper.wmv

Graham also recently participated in a Media conference in vancouver and
will be featured on the Money Channel/Fox News video clip during the coming
weeks.

In addition to the above media presentations Graham will be presenting to
the Wall Street Investors in New York on November 12th and at Mine Africa in
Toronto on November 14th.

These are exciting times.

Should you wish to speak with either myself or Robert Stewart or Brett
Whitelaw, please do not hesitate to call.

Regards,

Graham Chisholm, President and CEO - cell 1 (604) 302-0746

Brett Whitelaw, Director - cell 1 (778) 836-5891

Robert Stewart, Director - cell 1 (360) 306-1470

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

This release includes certain statements that are “forward-looking
statements”. All statements in this release, other than statements of
historical facts that address future exploration, development and production
activities, and other circumstances, events and developments that the
Company expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of
future performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The occurrence of
certain risk factors, the probability of which is unknown, may also affect
actual results, events and developments expected by the Company.

For Further information contact:

HYPERLINK "

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