IGC

In a resolution dated 21 June 2010, the Directors of IGC Resources Inc. (the
"Company") (TSX VENTURE:IGC)(PINK SHEETS:IGCGF)(FRANKFURT:I6G) has terminated
the Blackburn Project and surrendered all its interests in the project,
including all sub-leases effective immediately such that the Company will have
no further interests in the subject property.


Due to overall changes in the financial markets since 2007, which severely
impacted the Company's ability to raise additional development capital, and due
to the lower than expected exploration results, the Company has not undertaken
exploration work for some time and has not met minimum work commitments.


Mr Clive Hartz, (Chairman), is a related party to the current leaseholder, Great
Southern Resources Pty Ltd. and disclosed his interest in the subject matter of
this resolution.


DATED at Kelowna BC, this 23rd June, 2010.

About IGC Resources Inc.: IGC's principal business activities are the
exploration and development of its gold, copper, uranium and coal 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.

(TSXV:IGC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

(TSXV:IGC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024