IGC

IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK
SHEETS:IGCGF)(FRANKFURT:I6G)(WKN:A0HGX4) is pleased to announce that Atomic
Resources Limited (ASX:ATQ) ("Atomic" an Australian listed company in which IGC
holds 28.55%) has now signed a formal Joint Venture Agreement with the Tanzanian
National Development Corporation ("NDC") to acquire 70% of the Mhukuru and Ngaka
coal fields in southern Tanzania.


Although export coal will be a priority, the joint venture has the first right
of refusal to supply all coal required to power generation projects as
determined in a bankable feasibility study to be undertaken by Atomic, and that
the price of coal in any such supply contracts shall be benchmarked against
international coal prices.


Atomic is actively seeking a suitable drilling contractor to begin verification
and validation drilling of the previous data with the express intention of
updating and validating the information in the existing feasibility study,
determining the potential viability of the proposed project, and to determine
the work necessary for the proposed project to be taken to the bankable
feasibility study stage within the six-month timeframe nominated in the
agreement.


Based upon the detailed geological information provided by earlier studies
including non-JORC compliant resource estimations and technical studies
completed by the Colonial Development Corporation and the Taganyika Geological
Survey in 1950s, the joint venture is seeking to develop a potential exploration
target size of 100 million to 120 million tonnes of thermal coal suitable for
power generation.


Note: The information in this release was taken from the Atomic Resources
Limited release of April 21, 2008, which 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. The historic information provided
is for reference only and the reader should not infer or assert that the
information is correct, reliable, relevant or accurate and should not be relied
upon.


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


About IGC Resources Inc.: IGC's principal business activities are the
exploration and development for mining of gold and copper projects in Australia
and Africa while continuing to investigate other mineral resource prospects for
potential acquisition globally. IGC also holds 28.8% of Australian-listed energy
explorer, Atomic Resources Limited (ASX:ATQ) (www.atomicresources.com.au) which
focuses on coal and uranium exploration.


For more information, please visit our website at www.igcresources.com, email us
at info@igcresources.com or call John Braden 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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