Isonics Protection Plus Homeland Security Subsidiary Awarded Federal GSA Schedule; GSA Schedule to Enable Company to Procure High-Value Federal Contracts

Receipt of the GSA Schedule is the latest milestone in Isonics'recently announced business initiative to expand PPSC's focus from theprivate to the public sector, in an effort to develop new high-valuerevenue sources through government contracts. The U.S. Senate recentlypassed a $31.8 billion Homeland Security spending bill.

"The GSA Schedule provides a significant validation by the federalgovernment of the strength and quality of homeland security servicesprovided by our PPSC subsidiary," said Boris Rubizhevsky, President ofIsonics Corporation's Homeland Security and Defense Corporation."Further, the award supports our intentions to develop governmentbusiness and revenue opportunities for both services and products inthe months and years ahead."

The GSA award shortens the contract negotiation process bydetailing pre-approved specifics relating to pricing and services.Importantly, the GSA Schedule is expected to greatly facilitate theCompany's ability to finalize similar security contracts for servicesto state government agencies and local municipalities. In 2004, thegovernment spent more than $377 million within the specific areasoutlined in PPSC's GSA Schedule award. This is the first of manySchedule categories that PPSC will petition for under the GSA awardprocess.

Isonics PPSC subsidiary provides a wide range of defense-relatedservices, including armed escort personnel, electronic securitysystems, mobile vehicle controls, forensic analysis, communicationssecurity, and other security expertise. In 2004, PPSC generatedunaudited revenues of approximately $13 million through its businessin the private sector. Isonics believes the award of governmentservices contracts may significantly increase PPSC revenues. PPSC wasacquired by Isonics this year as part of the Company's strategy tobuild a multi-dimensional, high-growth homeland security businesscapable of delivering a range of next-generation technologies andservices to the global marketplace. Isonics' next-generation securityand defense technology includes the NeutroTest(TM) portable explosivedetection device, other neutron-based technologies and other advancedtechnologies. Isonics recently announced the first sales of thefirst-generation handheld NeutroTest(TM) explosive detection product.Isonics has executed a Letter of Intent to acquire IUT-Berlin, alongtime business and technology development partner developing aportfolio of advanced homeland security and defense technology.

In related news, Isonics announced the hiring of two newprofessionals who will concentrate on government-related businessduties within the Isonics' Homeland Security & Defense Corporation.They will be based in Isonics' Washington, D.C., area offices.

Victoria Bokhari has been appointed to the position of ContractsManager, in which she will be responsible for the search, review,response and management of the Company's federal, state and localcontract activities.

Eric Tibbs, scheduled to assume the position of Sales Manager inAugust, comes to the Company from the U.S. Air Force, where he hadrisen to the rank of Captain. Mr. Tibbs, who graduated from the AirForce Academy with an engineering degree, has been trained inchemical, biological and nuclear warfare defense, and has experiencein Operational Test and Evaluation and Acquisition Management. He alsoserved in the Air Force as Test Manager for Vehicle ExplosiveDetection Systems.

About General Services Administration (GSA)

GSA is a centralized, federal procurement, property management,and policy agency, created by Congress to improve efficiency and helpfederal agencies better serve the public. GSA acquires, on behalf offederal agencies, office space, telecommunications, informationtechnology, supplies and services. It also plays a key role indeveloping and implementing government-wide policies. GSA's 13,000associates provide services and solutions for the office operations ofmore than a million federal workers in the more than 8,000 buildingsthe government owns and leases in 2,000 U.S. communities.

About Protection Plus Security Consultants, Inc.

Protection Plus primarily offers a range of services and products,including armed and unarmed security personnel, and technology-basedsecurity and investigative services. It provides electronic securitysystems, armed escort couriers, executive bodyguards, video/electronicsurveillance, mobile vehicle patrols, special event security and VIPescorts. The Company's investigative solutions include communicationssecurity, eavesdropping/espionage countermeasures, industrial sabotageinvestigations, employment investigations and a range of forensicservices such as voice and handwriting analysis, DNA testing and drugscreening. Some of the above services are provided on an outsourcedbasis. For more information about Protection Plus SecurityConsultants, visit www.ppscinc.com.

About Isonics Corporation

Isonics Corporation has three business divisions: (1) IsonicsSemiconductor, (2) Isonics Life Sciences, and (3) Homeland Securityand Defense. Isonics is a world leader in isotopically engineeredmaterials and through its semiconductor division produces isotopicallypure silicon-28 chemicals, silicon-on-insulator wafers, wafer reclaimservices and test wafers, including 300mm, for the semiconductorindustry. Isonics' Life Sciences division markets and sells isotopesto the health care industry for the imaging and treatment of cancer.Stable isotopes can be thought of as ultra pure materials. This highdegree of purification provides enhanced properties as compared tonatural materials. Some of our efforts in the Homeland Securitysegment are nascent at the present time as we proceed to developfurther our neutron-based detection technologies. Additionalinformation may be obtained at the Company's Web site atwww.isonics.com and at http://www.trilogy-capital.com/tcp/isonics. Apresentation about Isonics' NeutroTest(TM) explosive detectionprototype can be found athttp://www.trilogy-capital.com/tcp/isonics/presentation.html. A videodemonstrating the functioning NeutroTest prototype can be viewed athttp://www.trilogy-capital.com/tcp/isonics/video.html.

Cautionary Statement

Except for historical information contained herein, this documentcontains forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. These statements involveknown and unknown risks and uncertainties that may cause the Company'sactual results or outcomes to be materially different from thoseanticipated and discussed herein. Further, the Company operates inindustries where securities values may be volatile and may beinfluenced by regulatory and other factors beyond the Company'scontrol. Other important factors that the Company believes might causesuch differences are discussed in the risk factors detailed in theCompany's 10-KSB for the year ended April 30, 2005, as filed with theSecurities and Exchange Commission, which include the Company'shistorical cash flow difficulties, dependence on significantcustomers, and rapid development of technology, among other risks. Inassessing forward-looking statements contained herein, readers areurged to carefully read all cautionary statements contained in theCompany's filings with the Securities and Exchange Commission. Isonicscautions investors that it has had only limited sales of itsNeutroTest products and has made no NeutroTest sales to any governmentagency. There can be no assurance that Isonics will be able tomanufacture significant quantities of NeutroTest products for themarket at a cost and with capabilities that meet the needs ofprospective customers.

This announcement may contain forward-looking statements made bysenior management of Isonics that involve risks and uncertainties,such as statements about plans, objectives, expectations, assumptionsor future events. These statements involve estimates, assumptions,known and unknown risks, uncertainties and performances, orachievements expressed or implied by the forward-looking statements.Actual future results and trends may differ materially from those madein -- or suggested by -- statements made in this announcement due to avariety of factors. Consequently, you should not place undue relianceon any forward-looking statements made in this announcement. For moreinformation about Isonics and risks arising from investing in Isonics,you are directed to the Company's most recent Form 10-KSB filed withthe Securities and Exchange Commission.