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:


"...Drilling has been completed for a total 2,949 metres and samples have been
sent to SGS Coal Analytical Laboratory in South Africa for full proximate and
metallurgical analyses.


In accordance with the obligations under the Joint Venture Agreement with the
National Development Corporation of Tanzania ("NDC"), Atomic's subsidiary,
Pacific Corporation East Africa Ltd ("PCEA"), has completed a positive scoping
study on the Project. This has been forwarded to the respective boards of the
NDC and Atomic. PCEA now advances to a 70% equity interest in the SPV and the
project.


Atomic is now finalizing a JORC compliant resource estimation report. The final
report, with all analytical data, is due mid February 2009 and a decision to
proceed to a bankable feasibility study and subsequent production will then be
made."


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

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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