IGC Resources Inc.

IGC Resources Inc.

December 11, 2008 16:30 ET

IGC Resources Announces Results of AGM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2008) - IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK SHEETS:IGCGF)(FRANKFURT:I6G)(WKN:A0HGX4) announced the results of its annual general meeting of shareholders held on December 8, 2008, in Vancouver. Clive Hartz, David Holden, Linda Holmes and Manfred Kurschner were re-elected to the Board of Directors. Following the meeting, the Board re-appointed Clive Hartz as Chairman, David Holden as President and Chief Executive Officer and Linda Holmes as Corporate Secretary.

We would like to take this opportunity to thank former directors Stuart Rogers and Alastair Walker for their assistance and service as directors; and, in the case of Mr. Walker, for his role as Chief Financial Officer of the Company.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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