IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC) is pleased to
announce that 4 million shares of Atomic Resources Limited (ASX:ATQ) ("Atomic")
were sold for AU$1,800,000 (CAD$1,780,000). The company continues to own 2.850
million ordinary shares and 7.250 million options of "Atomic" (ASX:ATQO).


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.