Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, is pleased to announce the Group's IO#3 iodine production plant has recently been approved for brine water delivery by the well operator and is now producing iodine. The complex tie-in and the automated computerized integration with the operator's systems were finalized last week and with that approval the brine stream was turned on, allowing production to commence. The initial production batches of iodine meet the Group's quality standards.

The Group is also pleased to announce that October production set a new monthly record. This achievement was based on increased brine stream at IO#2 and the continuing production improvement at IO#1. The Group is looking forward to surpassing this record, at the current locations, and adding to this total with the production at IO#3. Construction continues on IO#4 and IO#5.

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