ICS Copper Systems Ltd Completes 1st Private Placement of $100,000 CAD & Announces 2nd Private Placement of $100,000 CAD

Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems
Ltd. (ICX:TSX.V) reports that it has completed its non-brokered
private placement as previously announced on September 30th, 2009.
The private placement consisted of 1,000,000 units at a price of
$0.10 per unit for gross proceeds of $100,000. Each unit is
comprised of one common share (a "Share") and one full warrant
entitling the holder to purchase a common share until October 8th,
2010 at a price of $0.12, until October 8th, 2011 at a price of
$0.15, until October 8th, 2012 at a price of $0.20.

The warrants are subject to accelerated expiry if common shares
trade at or above $0.35 in any 20 consecutive trading day periods
ending after the date that is four months and a day after the
closing.

All securities are subject to a hold period expiring February 9,
2010.

The proceeds of the private placement will be used towards
general working capital.

2nd Private Placement

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Due to the oversubscription of the above Private Placement ICS
has arranged a second non-brokered private placement of 1,000,000
(One Million) units at a price of $0.10 per unit for gross proceeds
of $100,000. This second private placement has the same terms as the
previous private placement. Each unit will consist of one common
share and one full warrant entitling the holder to purchase a common
share at a price of $0.12 if exercised within a period of 12 months,
$0.15 if exercised within a period of 24 months, $0.20 if exercised
within a period of 36 months.

The warrants are subject to accelerated expiry if common shares
trade at or above $0.35 in any 20 consecutive trading day periods
ending after the date that is four months and a day after the
closing.

A finder's fee of 5% of units issued (a total of 50,000 units)
will be paid in connection with the placement subject to Exchange
approval.

The private placement is subject to acceptance for filing by the
TSX Venture Exchange. All securities to be issued pursuant to the
private placement will be subject to a four month hold.

Proceeds of the private placement will be used by the Company for
general working capital.

ICS COPPER SYSTEMS LTD.

Signed "Graham Chisholm"

Graham Chisholm, President & CEO

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. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand,
jeannette@icscopper.com; Web Page: http://www.icscopper.com

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand,
jeannette@icscopper.com; Web Page: http://www.icscopper.com