INTEGRAL TECHNOLOGIES, INC.

                                 CODE OF ETHICS
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                           Adopted September 20, 2004

To  further  the  Company's  fundamental  principles  of  honesty,  loyalty, and
fairness,  the  Company's  Board  of Directors (the "Board") has established and
adopted this Code of Ethics (this "Code"). This Code strives to deter its Senior
Financial  Officers,  including  its  principal  executive  officer,  principal
financial  officer,  principal  accounting officer or persons performing similar
functions,  from any wrongdoing and to promote professional and ethical conduct.
To the best of their knowledge and ability, the Senior Financial Officers shall:

-    act  with honesty and integrity including the ethical handling of actual or
     apparent  conflicts  of  interest  between  personal  and  professional
     relationships;

-    comply  with  applicable  governmental  laws,  rules  and  regulations;

-    provide  full,  fair,  accurate,  timely,  and understandable disclosure in
     reports  that  the  Company  files  with  or  submits to the Securities and
     Exchange  Commission  and  in  other  public  communications;

-    promote  the  prompt  internal  reporting of violations of this Code to the
     Board;

-    respect  the  confidentiality  of  information  acquired  in  the course of
     employment;  and

-    be  accountable  for  adherence  to  this  Code.

This  Code  is  subject to periodic review by the Board to ensure that this Code
continues  to  support  the  interests  of  the  shareholders  and  to  meet any
modifications  required  by  changes  in  law  or  changes  in activities of the
Company.  The  Board  shall  be  authorized to determine the appropriate actions
taken  in the event of a violation of this Code by any Senior Financial Officer.