ITC Intercontinental Mining (Tier2)

THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


International Technologies Corporation ("ITC") (TSX VENTURE:ITI) is pleased to
announce that it has entered into a Memorandum of Understanding to acquire 100%
ownership of its manufacturing partner, MPIO International Co. Ltd. in Korea
("MPIO"). This transaction provides ITC exclusive ownership and rights to all
MPIO manufacturing, branding and sales accounts worldwide.


The purchase price of MPIO Korea by ITC is undisclosed for competitive reasons
at this time but will include a blend of cash and equity. In connection with the
acquisition ITC will be completing an equity financing and is currently in
discussions with qualified dealers in this regard. The transaction is subject to
a number of customary conditions, including receipt of all necessary regulatory
approval, including the approval of the acquisition by the TSX Venture Exchange,
completion of satisfactory due diligence by each of ITC and MPIO and approval of
each of the Boards of Directors of ITC and MPIO. Closing is expected to occur
prior to May 2008.


"We have worked along side MPIO as our manufacturing partner since 2003 and the
time has come to become one entity realizing cost synergies and accessing
regions that offer the greatest growth outside of North America," said Michael
Uhm, President and CEO of ITC. "This is an incredible opportunity to gain market
share around the world while adding tremendous value to our top and bottom line.
We intend to execute our expansion strategy aggressively this year and return to
a position of strong financial performance."


Founded in July 1998 by a pioneer in the MP3 industry, MPIO provides popular
digital products to OEM's, distributors and end users. In Asia, including Japan
and Korea, MPIO's products are recorded as the number one selling digital audio
devices. MPIO technologies include portable music players, digital voice
recorders, multi function digital still cameras, MP3 encoders, multi-function
hybrid digital music devices and digital NV products.


MPIO has a hardware/software R&D center, industrial design team, two
manufacturing factories, and other administrative organizations including sales
and marketing. Recognized for its unique design and quality, MPIO has won KIDP
design awards and best selling product awards by various domestic/international
media since 1999. In 2003, MPIO awarded with CES Innovation Awards from the US.
Also in 2003 and 2005, MPIO received IF Design Awards which is one of the most
competitive design awards in the world.


About ITC

International Technologies Corporation (TSX VENTURE:ITI) (www.itcco.com) is a
global supplier of innovative digital audio, multi-media, home entertainment,
flat screen monitors/televisions and other advanced electronics products to the
consumer and commercial market place. ITC also creates private label and OEM
brands for its retail partners. The Company's ability to deliver
manufacturer-direct product provides savings and other significant advantages to
its customers.


ITC holds the exclusive rights to distribute MPIO products to the North, Central
and South American markets in addition to Mexico and Australia through its
relationship with Digitalway Korea and has exclusivity on all Hansol Korea LCD
monitors sold to the North American market.


This news release contains certain forward-looking statements, which include
assumptions with respect to (i) future operations; (ii) future economic
conditions; (iii) future capital expenditures; and (iv) cash flow. The reader is
cautioned that assumptions used in the preparation of such information may prove
to be incorrect. All such forward looking statements involve substantial known
and unknown risks and uncertainties, certain of which are beyond the Company's
control. Factors that might cause a difference include, but are not limited to,
market acceptance of principal products, the impact of competitive products and
technologies, the possibility of products infringing patents and other
intellectual property of fourth parties, and costs of product development. ITC
wilt not update these forward-looking statements to reflect events or
circumstances after the c/ate hereof. More detailed information about potential
factors that could affect financial results is included in the documents filed
from time to time with the Canadian securities regulatory authorities by ITC.
The Company's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so, what benefits, including the amount of proceeds, that the Company
will derive therefrom. Readers are cautioned that the foregoing list of factors
is not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to the Company or persons acting on its behalf are expressly
qualified in their entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws. Any failure to comply with this
restriction may constitute a violation of U.S. securities law.

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