Innovative Composites International Inc. ("ICI" or the "Company"), (TSX
VENTURE:IC)(OTCQX:ICIZF), a producer of proprietary engineered composite
products, announced today a change to the board of directors of the Company. 


As a step forward following the announcement of the agreement with Difference
Capital Funding Inc. ("DCF") regarding the offering of senior secured
convertible debentures, the Company is pleased to announce the appointment of
Mr. Mark Rivers to the board of directors. 


Mr. Rivers was previously engaged by the board and management in late February
to provide an objective evaluation of the Company and its prospects and to help
secure funding for the Company, and was instrumental in bringing about the DCF
agreement. 


"I am excited about ICI and especially its technology and the operating
leadership team who have clearly developed some superior products and
applications in multiple industries," said Mark Rivers. "I believe that through
my network and other interests I can help the Company with the commercialization
of its assets and look forward to working with the directors and management to
help ICI realize its potential." 


Mr. Rivers has been appointed as a director of the Company to fill the seat
vacated by Mr. Andrew McConnell. Mr. Rivers is the founder of several
businesses, including: Presidents of Enterprising Organizations (PEO), one of
the largest CEO Executive Development Networks in Canada; Breakthrough Growth
Corporation, a boutique strategy consulting firm specializing in facilitating
breakthroughs in enterprise growth and value; CEO Capital Corporation, a
boutique investment bank that provides "inflection point" capital and expertise
to small mid-sized companies; and Mill Valley Estate, a private game preserve
outside of Toronto. He has been called upon to help companies work through
various issues affecting growth, such as mergers, partner buyouts, strategic
alliances and conflict resolutions. Mr. Rivers has been engaged by shareholders
and pension funds across North America to lead shareholder activist work and
lead the restoration of value in several public companies. He has also served as
chairman, executive chairman and CEO of three different public companies listed
on the TSX, TSXV and NEX, and has taken companies private and successfully led
the turnaround in value and performance of extremely distressed companies in the
defense, software, aerospace, naval and transportation industries. 


"We are fortunate to have someone of Mr. Rivers stature join our board of
directors and I speak for the board in welcoming Mr. Rivers to the Company and
saying that we look forward to working with him in guiding ICI to a successful
future," said Terry Ball, CEO of ICI. "The addition of Mark to the board along
with Jim Loran in the sales leadership position will better enable the Company
to perform according to its potential."  


The Company granted 200,000 options to Mr. Rivers, who is receiving no cash
compensation for his services as director. These options are exercisable at
$0.20 per share, to be consistent with the exercise price of options previously
granted to each non-executive director in lieu of a retainer or other director
compensation. These options have a term of 7 years and vest on a straight-line
basis over 12 months commencing on March 20, 2013. 


The Company has also granted 200,000 options to the CEO of the Company and
100,000 to the CFO of the Company. These options are exercisable at $0.10 per
share and have a term of 7 years. These options vest as follows: 25% vesting on
the closing of the $2.5 million convertible debenture offer currently underway
within 90 days; 25% on the closing of an additional equity or equivalent raise
within 150 days; 25% on becoming cash flow positive for not less than a 12 month
period; and the last 25% annually over 4 years commencing on the first
anniversary of the option grant.


About Innovative Composites International Inc.

Headquartered in Toronto, Canada, Innovative Composites International Inc. (TSX
VENTURE:IC)(OTCQX:ICIZF) is a high-tech engineering and manufacturing company
whose goal is to utilize its proprietary "green" composite materials and
building systems to provide innovative, engineered product solutions to markets
that include prefabricated modular housing, shelters and containers, and
industrial applications.


To find out more about ICI please visit our website at:
www.innovativecompositesinc.com.


Follow us on www.waggle.ca.   

"Statements made in this press release include forward-looking statements that
involve a number of risks and uncertainties. These statements relate to future
events or future performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events, performance or
results to differ materially from the events, performance and results discussed
in the forward-looking statements, such as the economy, generally, competition
in its target markets, the demand for ICI's products and the availability of
funding. These forward-looking statements are made as of the date hereof and ICI
does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from ICI's
expectations and projections."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Innovative Composites International Inc.
Sam Greiss
Chief Financial Officer
(416) 646 0754
sgreiss@innovativecompositesinc.com
www.innovativecompositesinc.com
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