IGC

IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK
SHEETS:IGCGF)(FRANKFURT:I6G)(WKN:A0HGX4) advises that its associated company,
Atomic Resources Limited ((ASX:ATQ), an Australian listed company in which IGC
holds 28.55%), has completed a technical geological review on the coalfields
that are currently the subject of a developing joint venture between Atomic's
African subsidiary, Pacific Corporation East Africa Limited, and the National
Development Corporation of Tanzania. The quoted release below was prepared in
accordance with Australian regulations and listing standards for mineral
exploration companies.


Atomic's news release of January 9, 2008 reported:



     "... as a result of independent technical due diligence on the
     Tanzania coalfield, the subject of a joint venture between National
     Development Corporation ("NDC") a government corporation and the
     company (Atomic), a potential resource target of between 100 million
     and 120 million tonnes of thermal coal has so far been identified(i).
     In accordance with section 18 of the JORC code the company wishes to
     state that the potential quantity and quality however is conceptual in
     nature, there has been insufficient verification of previous
     exploration to define a mineral resource and that it is uncertain if
     further exploration will result in the determination of a mineral
     resource. The potential resource target is based upon the historical
     estimates which although in existence and available in the public
     domain will require verification to meet with the JORC requirements
     and to comply fully with listing rule 5.6.

     The technical report has identified that abundant historical data
     including pre-JORC resources are available on both coalfields, and
     that the well documented drilling information of over 11,000 metres
     coupled with detailed geological mapping is of sufficient quantity and
     quality as to allow the company (Atomic) to move quickly towards
     developing new resource estimates in line with the JORC guidelines."

     "It is very exciting to come across such an advanced energy project so
     early in our company's life." Executive Director Mr. David Holden
     said, "The report has given us the confidence we need to proceed to
     the next stage of the joint venture with the NDC and has also
     identified that the historical resources present require a minimum of
     verification drilling to enable the first modern resource calculations
     to be started. Drilling on the project is planned to commence early in
     February.

     "Exploration on our uranium projects both in Tanzania and in Australia
     will continue at the same time," he said."



For further information refer to the Atomic Resources' website at
www.atomicresources.com.au.


(i) Note: The Atomic Resources Limited release complies with section 18 of the
Australian Code for Reporting of Mineral Resources and Ore Reserves ("JORC
code") and guidelines in stating a resource potential target based upon the
geological information provided. There are no resources or reserves currently
available for the project areas that satisfy the JORC Code or the Canadian
National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI
43-101") for reporting resources and reserves.


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.


For more information, please visit our website at www.igcresources.com, email us
at info@igcresources.com or call us at +1 604-664-7424.


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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