Imperial Ginseng Products Ltd.
TSX VENTURE : IGP
TSX VENTURE : IGP.PR.A

Imperial Ginseng Products Ltd.

December 14, 2010 17:24 ET

Imperial Ginseng Products Ltd. Announces Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - Imperial Ginseng Products Ltd. (TSX VENTURE:IGP)(TSX VENTURE:IGP.PR.A) (the "Company") announces that it held today a special meeting of its preferred shareholders of convertible preference shares, Series "A" (the "Preferred Shareholders") of the Company, which was adjourned from its original date of December 7, 2010. The Preferred shareholders at the meeting approved a consolidation of their shares on the basis of twenty (20) existing shares for one (1) new share.

The convertible preference shares, Series "A" consolidation is the second step the Company has undertaken in the last year to consolidate its shares. In the fall of 2009, shareholders of the common shares of the Company approved a consolidation of their shares on the basis of ten (10) existing shares for one (1) new share.

Both of these share consolidations are subject to TSX Venture Exchange approval and the Company will make a further announcement when an approval is obtained.

As at the date of this announcement, there are 22,374,492 common shares and 25,456,122 convertible preference shares, Series "A" issued and outstanding. Upon regulatory approval, the consolidations would result in approximately 2,237,400 common shares and 1,272,800 convertible preference shares, Series "A" issued and outstanding.

The Company noted that if the consolidations results in the issuance of a fractional share, such share will be rounded up or down to the nearest whole number. In addition, the conversion price of convertible preference shares, Series "A" will be proportionally adjusted upon the implementation of the consolidations.

ON BEHALF OF THE BOARD OF DIRECTORS OF IMPERIAL GINSENG PRODUCTS LTD.

Stephen McCoach, Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (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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