IGC

IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK
SHEETS:IGCGF)(FRANKFURT:I6G)(WKN:A0HGX4) has been advised by Atomic Resources
Limited (ASX:ATQ) ("Atomic"), an Australian listed company in which IGC holds
28.55%, that:


"...preliminary results received from the drilling to date at the Ngaka coal
project in Tanzania indicate the presence of continuous coal seams. The drilling
programme of up to 5,000 metres is primarily to verify and validate the
historical drilling and resource estimation. To date Atomic has completed
approximately 10% of the programme. However with a second rig now on site Atomic
expects to finish the programme on schedule.


Both the depth and width of the intercepts confirms that the historical data
appears to be correct and Atomic is now eager to complete initial analytical
work in anticipation of confirming the remainder of the historical drill data.


The drilling has been up to 300 metres away from previous drilling and the
interception of coal seams shows the highly successful and predictive nature of
the new resource models to date. Continuation of such success in the drilling
will enable Atomic to progress quickly with the scoping study currently under
way including completing a JORC compliant resource estimate.


Atomic believes the deposit has a potential target of between 90 million and 110
million tonnes of thermal coal (1) based upon the extensive and detailed work
completed by the Colonial Development Corporation in the early 1950's and
historical work completed by the Tanzanian Geological survey prior to 1950.


Ngaka is one of three separate coal deposits (Ngaka, Muhukuru and Rukwa regions
in Tanzania) that Atomic, through its subsidiary Pacific Corporation East
Africa, will seek to explore and develop over the coming months.


The main seam considered as the economic horizon is Seam 3 averaging 3-4 metres
thick and historically thought to be laterally extensive, existing from surface
and dipping to the east at approximately 10 degrees. In total, four seams are
known to exist and it is anticipated that more than one will be of economic
significance especially near or at surface."


For further information and a table of interim drilling results refer to
Atomic's website at www.atomicresources.com.au.


(1) The information pertaining to Atomic in this release was taken from Atomic's
release of November 3, 2008, which comply 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 nor 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 business activities are the
exploration and development of its gold and copper projects while continuing to
investigate other mineral resource prospects for potential acquisition globally.
www.igcresources.com


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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