IGC Resources Inc.

IGC Resources Inc.

February 10, 2010 00:27 ET

IGC Resources Inc.: Results of Annual General and Special Meeting of Shareholders

KELOWNA, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2010) - The Annual General and Special Meeting of the shareholders of IGC Resources Inc. (the "Company") (TSX VENTURE:IGC)(PINK SHEETS:IGCGF)(FRANKFURT:I6G) was held at Vancouver, British Columbia, on Friday, January 29, 2010 at 4:00 p.m. (Pacific Standard Time). All the proposed resolutions previously outlined in the Information Circular dated 23rd December 2009 were passed unanimously.

Accordingly, Mr. Clive Hartz, CEO, was re-elected as a director; Mr. Manfred Kurschner was re-elected as a director; and Mr John McColl was newly elected as a director and will continue to provide compliance services to the Company.

The Company received board approval, by special resolution, for the consolidation of the issued and outstanding common shares of the Company on the basis of five (5) old common shares for one (1) new common share, as referred to more particularly in the Information Circular dated 23rd December 2009. No specified date has been set for the consolidation to take place.

DATED at Vancouver, this 9th February, 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.

Neither the TSX Venture Exchange nor its Regulation Services Provided (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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