Isonics Named One of 50 Fastest Growing Technology Companies in Colorado By Deloitte & Touche USA

Business Wire, Sept 21, 2006

GOLDEN, Colo. -- Isonics Corporation (Nasdaq: ISON), a provider of innovative products and solutions for the homeland security and semiconductor markets, announced today that it was named to Deloitte & Touche USA LLP's 2006 Colorado Technology Fast 50, honoring the 50 fastest growing technology companies located in Colorado. The award is also sponsored by JPMorgan Chase, Q Advisors, AeA, Holme Roberts & Owen LLP and NASDAQ. Isonics was also nominated for consideration in the Technology Fast 500, which honors the fastest 500 growing technology companies in North America.

"We are pleased to receive this recognition from Deloitte & Touche, a leading professional services firm," said James Alexander, Isonics' Chairman & CEO. "We believe this award reflects the growing recognition for the turnaround in our semiconductor products and services segment, where we recently announced that quarterly revenue for the period ended July 31, 2006 increased by 260% and for the significant increase in overall corporate revenue. We believe we have the infrastructure in place and products and services to support future growth."

About Isonics Corporation

Isonics Corporation has three business divisions: (1) Homeland Security and Defense (2) Semiconductor Products and Services, and (3) Life Sciences. Isonics is a world leader in isotopically engineered materials and through its semiconductor division, it provides 300-millimeter products and services, wafer thinning and silicon-on-insulator wafers, for the semiconductor industry. Isonics' Life Sciences division markets and sells isotopes to the health care industry for the imaging and treatment of cancer. Stable isotopes can be thought of as ultra pure materials. This high degree of purification provides enhanced properties as compared to natural materials. Additional information may be obtained at the Company's Web site at www.isonics.com.

Cautionary Statement

Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve estimates, assumptions, known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB for the year ended April 30, 2006 and reports subsequently filed with the Securities and Exchange Commission, which include the Company's historical cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in these filings with the Securities and Exchange Commission.