IGC Resources Inc.
TSX VENTURE : IGC

IGC Resources Inc.

September 15, 2005 15:21 ET

IGC Resources Inc.: Diamond Drilling Commences on the Blackburn Gold Project, Western Australia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 15, 2005) - IGC Resources Inc. ("IGC") (TSX VENTURE:IGC), www.igcresources.com, announces that a diamond drilling program on one of the exposed high-grade shoots at the Jinka's Hill pit, the "Northern Shoot" has commenced.

The estimated 500 metre drilling program has been designed to further the geotechnical and metallurgical test work needed to assess an underground mine plan in preparation for a feasibility study for mining the high-grade lode. In addition the drilling will test for additional high grade material postulated to exist beneath the high grade shoot already identified.

The feasibility study will aim to demonstrate that a favourable mining scenario exists with positive cash flow from mining expected shortly after start-up. IGC plans to use the cash surplus from mining to develop new targets within the series of high-grade NE trending shoots at Jinka's Hill, which are open to depth and strike extension.

The results of the 12-hole reverse circulation drilling program conducted at Jinka's Hill earlier this year intercepted high-grade mineralization including 8 metres at 14.5gpt gold (0.47opt) with 1 metre of 41.6gpt gold (1.34opt) (see IGC's news release of March 17, 2005 for complete details of the results of the program). The mineralization at Jinka's Hill is hosted within a 20 kilometre northwest trending mineralized corridor.

Similarities in the geological setting and the presence of a quartz monzonite intrusive similar to Newmont's Boddington gold-copper mine to the northwest (120 km southeast of Perth) provides the possibility for the discovery of a major gold-copper porphyry ore body at the Blackburn Gold Project.

The company is progressing forward with its exploration strategy to explore for new discoveries among the 16 known well-defined targets as well as the many other anomalies of the Blackburn Gold Project and begin exploration of the recently approved Fraser Range iron-oxide/copper/gold/uranium prospect and when granted, the Uaroo copper/gold/uranium and rare earth elements prospect.

IGC's principal business activities are the exploration, development and mining of gold, copper and uranium within Western Australia, however, IGC continues to investigate other mineral resource prospects for potential acquisition globally.

On Behalf of the Board of Directors of

IGC RESOURCES INC.

Clive R. Hartz, President and CEO

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.

13.5 million shares outstanding

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

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