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 a
28.55% interest, that:


Tancoal Energy (a special purpose Joint Vehicle between the Tanzanian Government
(30%) and Atomics' Tanzanian subsidiary, Pacific Corporation East Africa
("PCEA") (70%)), have formally commenced a Bankable Feasibility Study ("BFS")
for its Ngaka thermal coalfields in southern Tanzania, which is focusing on
three strategic components;


- Mining of thermal coal for export and power generation on site;

- Development and project financing of a coal gasification plant and a 400 Mega
Watt (Mw) power station utilizing clean coal technology;


- Development of a private public partnership with TANESCO (the Tanzanian
Government's electrical authority) for the construction of power transmission
lines to connect the project to the Tanzanian power grid.


Atomic plans to commence mining at Ngaka within 12 months of completing the BFS
and anticipates initial coal production rate of 1 million tonnes per annum
(Mtpa). During the 3 year construction phase for the IGCC plant production will
ramp up to 2Mtpa. Project finance discussions have commenced with international
investors and financial institutions in Europe, America and Australia.


The generating capacity of a 400Mw power station in Tanzania will increase total
electricity supply within the country by approximately 40%. The Tanzanian
National Development Corporation considers this project to be critical to
national development.


Follow this link to read Atomic's full news release

http://media3.marketwire.com/r/BankableFeasiblityStudyMay2109

Note: The information in this release was taken from the Atomic Resources
Limited news release of May 21, 2009, 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. Technical information in this announcement was
reviewed by Mr. Dave Holden, President and CEO, who is a member of The
Australian Institute of Mining and Metallurgy and a "Qualified Person" as
defined under NI 43-101.


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.


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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