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PENDER FINANCIAL ACQUIRES SECURITIES IN ICRON TECHNOLOGIES CORPORATION (";Icron";)

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^{Published in Science and Technology on Wednesday, March 30th 2011 at 11:00 GMT by Market Wire}  

VANCOUVER, March 30 /CNW/ - Pender Financial Group Corporation ("Pender Financial") announces that it has purchased an additional 750,000 shares (3.38% of Icron's issued shares) of Icron (TSX-V: IT) under a private agreement with an unrelated party.  The purchase was completed through the facilities of the TSX Venture Exchange and at a purchase price of Cdn$0.48 per share. Together with its existing holdings, Pender Financial now has ownership of and control over 3,897,600 shares of Icron. This constitutes 17.542% of Icron's issued shares. The shares were acquired for investment purposes.

Together with Kelly Edmison, President and CEO of Pender Financial and William Rand, a Director of Pender Financial, (collectively the "Group"), the Group beneficially owns and exercises control or direction over 5,302,653 shares, which is 23.867% of the outstanding shares of Icron.

About Pender Financial Group Corporation

Pender Financial Group Corporation is a privately held company that focuses on technology companies based in British Columbia.

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