EXHIBIT 99.1

              OBAN MINING INC. SIGNS PLAN OF REORGANIZATION FOR THE
                  ACQUISITION OF IKONA GEAR INTERNATIONAL, INC.

Vancouver,  BC  October 17, 2003 - Oban Mining Inc. (OTCBB: OBAN) announces that
it  has  signed  an  Agreement  and Plan of Reorganization to acquire all of the
issued  and  outstanding  shares of Ikona Gear International, Inc.  According to
the  terms of the Agreement, Oban has agreed to issue up to 15,041,633 shares of
its  common stock in exchange for all of the issued shares of Ikona.  Closing of
the  transaction  requires  that  a  minimum  of  80%  of  the  Ikona  shares be
surrendered  for  exchange  on closing.  Also on closing, the board of directors
will  be  changed  such  that  control  of Oban's board will change from Richard
Achron  to  the  current  directors  and controlling shareholders of Ikona being
Laith  Nosh, Dal Brynelsen, Barrie Freeke and Simon Anderson.  The closing is to
occur on or before October 31, 2003 unless another date is agreed to between the
parties.  There can be no assurance that the transactions with Ikona will close.

Ikona  is in the business of marketing and further developing a patented gearing
system  for multiple industrial applications.  It is a development stage company
with  a  head  office  in  Vancouver,  British  Columbia  Canada.

Oban  also announces that it has closed a private placement of 314,000 shares of
its  common  stock at $0.50 per share for total proceeds of $157,000.  Oban will
provide  Ikona  with  bridge  financing in the amount of $155,000 for a one year
term  at  an  interest  rate  of  10%  compounded  annually.  If  the  Plan  of
Reorganization  is  not  closed,  for  whatever reason, then Ikona has agreed to
enter  into  a  general  security  agreement to provide Oban with a first charge
against  Ikona's  assets  including  the  patents  for  the  gearing  system.

Oban  currently has authorized capital of 100,000,000 shares of commons stock of
which  21,314,000  shares  are  outstanding.  In  the  event  that  the  Plan of
Reorganization  is  completed  and  in  accordance  with that agreement, Richard
Achron,  Oban's  current  sole  director  and  senior  officer,  will  surrender
14,500,000  shares  of  common  stock  to  Oban's  treasury  for cancellation on
closing.  If  100%  of the Ikona shares are exchanged on closing, Oban will then
have  approximately  21,941,633 shares of common stock outstanding, of which the
Ikona  shareholders  will  hold  15,041,633  shares.


This  press  release  contains  forward-looking statements. Actual results could
differ  materially  from  those  projected  in  the  forward-looking statements.
Additional  information  concerning  factors  that could cause actual results to
differ  materially  from  those  in  the forward-looking statements is contained
under  the  heading  of  Risk  Factors listed from time to time in the Company's
filings with the Securities and Exchange Commission.  There can be no assurances
that the Company will complete the Plan of Reorganization and acquire Ikona Gear
International,  Inc.  and  even  if  the  Plan  is completed, that Ikona will be
successful in developing, marketing and generating any revenues for the Company.

By order of the Board of Directors

/s/ Richard Achron, President

Corporate Information:
----------------------
Ph:  604-275-8994

Ikona Gear International, Inc.
Mr.  Dal  Brynelsen
VP  Business  Development  &  Corporate  Finance
(604)  685-5510
Website:  www.ikonagear.com