IGC

IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK
SHEETS:IGCGF)(FRANKFURT:I6G) (WKN:A0HGX4) announces that:


Investor Relations

The Company has agreed to retain the services of John Braden, principal of
Namaste Ventures, to assist the Company in its investor relations activities,
subject to acceptance by the TSX Venture Exchange.


Mr. Braden has over 14 years of leadership management, marketing and sales
having been involved in the start-up structuring, financing and management of
private companies. As President of several private companies, he has created
marketing and sales programs designed for strategic growth. For the past two and
a half years, Mr. Braden has worked as an investor relations consultant to a
number of public companies, assisting them in creating strong market support and
shareholder value.


Mr. Braden has been retained under an investor relations agreement dated
effective January 1, 2008, (the "Agreement") on a month-to-month basis at $4,000
per month plus G.S.T. and reimbursement of all reasonable out-of-pocket
expenses.


Stock Options

IGC has also agreed to grant stock options to purchase up to 200,000 common
shares in the capital stock of the Company to Mr. Braden, effective January 7,
2008, exercisable at a price of $0.25 per share until January 7, 2012, subject
to a hold period until May 9, 2008 and vesting as to 25% on May 9, 2008 and 25%
on each of the first, second and third anniversaries of the date of grant,
subject to TSX Venture Exchange approval.


Stock options to purchase up to 200,000 common shares in the capital stock of
the Company, exercisable at $0.25 per share until January 7, 2013, have also
been granted to a director of the Company under its 2007 Stock Option Plan.
These options are subject to vesting requirements and a hold period until May 9,
2008.


About IGC Resources Inc.: IGC's principal focus is the exploration and
development of the Blackburn Gold Project and Fraser Range copper/gold/rare
earth elements project in Western Australia. The Company is also exploring for
uranium and coal in Western Australia and Tanzania through a 28.55% interest in
Atomic Resources Limited. (ASX:ATQ), an Australian listed company.


Statements in this release may constitute forward-looking statements which
involve known and unknown inherent risks and uncertainties that are detailed in
IGC's periodic filings with Canadian securities regulators. Given these risks
and uncertainties, investors should not place undue reliance on forward-looking
statements as a prediction of actual results. Actual events or results could
differ materially from IGC's expectations and projections.

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