TERAWULF INC. — Director's Dealing 2008

Mar 17, 2008

SEC Form 4/A — Form 4/A

Issuer: IKONICS CORP (IKNX)
CIK: 0001083301
Period of Report: 2007-01-02

Reporting Person: Andresen Charles H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-02	Common Stock	M	2175	$2.0833	Acquired	24114	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-02	Stock Option (right to buy)	$1.0833	M	2175	Disposed	2007-06-03	Common Stock (2175)	Direct

Footnotes

F1: Subsequent to the date hereof, there have been additional filings and the amount shown reflects the number of shares beneficially owned as the time of the original Form 4 filing on 03/15/2007. The correct amount of securities beneficially owned as of 3/17/08 is 26,289.

F2: The transaction was reported on a Form 4 filed on 03/15/2007 that referenced the exercise of options granted on 04/24/2003 when it should have reported the exercise of options granted on 06/03/2002. This amended Form 4 is filed for the purpose of properly reporting the grant of the stock options on Table II.

F3: Not applicable.

F4: This option was previously reported as covering 1,450 shares at an exercise price of $3.125 per share, but was adjusted to reflect the 3-for-2 stock split on May 13, 2004.