IGC Resources Inc.

IGC Resources Inc.

December 07, 2009 18:31 ET

IGC Resources Inc.: Sale of Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2009) - (TSX VENTURE:IGC) (PINK SHEETS:IGCGF)(FRANKFURT:I6G)(WKN:A0HGX4) IGC Resources Inc. ("IGC" or the "Company") is pleased to advise that 10 million shares of Atomic Resources Limited (ASX Code: ATQ "Atomic") was sold for AU$1,050,000 (CDN$1,015,000). The company continues to own 6.5 million shares of Atomic Resources.

About IGC Resources Inc.: IGC Resources Inc.'s principal business activities are the exploration, development and mining of gold, copper and uranium prospects, while continuing to investigate other mineral resource prospects for potential acquisition globally. The Company trades on the TSX Venture Exchange under the symbol "IGC" (IGC.V for yahoo.com quotes) and Frankfurt symbol "I6G". Website: http://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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