Icefloe Announces The Signing Of A Mutual Distribution Agreement With UK Based Drinks Dispense Group Ltd.

TORONTO -- Icefloe Technologies Inc. ("Icefloe") (TSX VENTURE:ICY) today announced it has finalized a mutual distribution agreement (the "Agreement) with Drinks Dispense Group Ltd. ("DDg"), a United Kingdom based manufacturer and supplier of technically advanced drinks dispensing (beer dispensing towers and fonts) and point of sale equipment. Under the Agreement, DDg becomes the exclusive distributor of certain Icefloe products and equipment within the United Kingdom and Icefloe becomes the exclusive distributor of certain DDg products within Canada. The Agreement is effective as of March 16, 2005, and calls for DDg to purchase from Icefloe products with a minimum net purchase value in the amount of $100,000 in the first year of the Agreement, and products with a minimum net purchase value in the amount of $500,000 in each succeeding year the Agreement remains in effect.

Icefloe CEO and President, Wayne Newson commented, "We are extremely pleased to be working with DDg. They design, manufacture and supply quality beer towers at competitive prices. Through this relationship, Icefloe and our subsidiary, Draught Guys Inc., can accelerate our growth in the draft beer tower supply segment, a new area of Icefloe's business mix. This new relationship can truly be described as a win/win situation."

"While finalizing this Agreement, we have been working with DDg for a number of months developing business opportunities on both sides of the Atlantic. Our relationship is already paying dividends" said Phil Carter, icefloe's EVP. "They are a great group of professionals sharing similar values who are a pleasure to work with."

"Meeting with icefloe Technologies Inc. was fortuitous indeed" observed Jonathan Wildgoose, Managing Director of the Drinks Dispense Group. "We have complementary products, a shared energy, drive and enthusiasm and we commenced doing real business together both in the UK and in Canada immediately, an auspicious start. The combination of icefloe's cooling technology with DDg's dispense expertise allows us to offer solutions to the UK beer market at a time when the search is on for colder and colder beer. We are confident in our ability to expand sales rapidly in the UK and we also foresee good potential markets in many other countries around the world where draft beer sales are currently in their infancy."

ABOUT DRINKS DISPENSE GROUP LTD.

DDG is a privately held company, with business offices located in Chesterfield, England. Established more than 25 years ago, DDG specializes in the design, manufacture and supply of drink dispensing equipment. For more information about DDG, please contact Jonathan Wildgoose, Managing Director at 44 (0) 1246 273166 or visit the website at www.drinksdg.com.

ABOUT ICEFLOE TECHNOLOGIES INC.

Founded in March 2001, Icefloe (TSX Venture Exchange: ICY) is a Canadian-based company dedicated to the development and commercialization of its proprietary chilling technology which brings flash chilling capability in a portable form and enables the beverage industry to serve ice cold draft beer without excessive foam loss, anytime and anywhere. Since April 2001, Icefloe has focused its efforts on securing patents for its platform technologies, while developing, field-testing, manufacturing and marketing commercial products using its unique technologies. Its wholly owned subsidiary, Draught Guys Inc., provides installation, sales and service for both traditional draft systems and Icefloe's proprietary products in the Ontario market.

Icefloe commenced trading on Tier 2 of the TSX Venture Exchange on April 14, 2004 under the symbol "ICY".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No Securities Commission or other regulatory authority having jurisdiction over Icefloe has approved or disapproved of the information contained herein.

For more information about Icefloe, please visit Icefloe's website at www.icefloe.com.

Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Icefloe's growth, the development of the beverage market, regulatory risks, intellectual property infringement and other factors. Unless otherwise required by applicable securities laws, Icefloe disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect Icefloe's financial and business results is included in public documents Icefloe files from time to time with Canadian securities regulatory authorities.

icefloe Technologies Inc. (TSX VENTURE:ICY)