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Message: Atomic Resources' Initial Drilling Program Completed-Ngaka Coal Dep, Tanzania

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Atomic Resources' Initial Drilling Program Completed-Ngaka Coal Dep, Tanzania

posted on Jan 26, 09 03:09AM

January 26, 2009

IGC Resources Inc.: Atomic Resources' Initial Drilling Program Completed-Ngaka Coal Deposit, Tanzania

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2009) - IGC Resources Inc. ("IGC" or the "Company") (TSX VENTURE:IGC)(PINK SHEETS:IGCGF)(FRANKFURT:I6G)(WKN:A0H... has been advised by Atomic Resources Limited (ASX:ATQ) ("Atomic"), an Australian listed company in which IGC holds 28.55%, that:

"...Drilling has been completed for a total 2,949 metres and samples have been sent to SGS Coal Analytical Laboratory in South Africa for full proximate and metallurgical analyses.

In accordance with the obligations under the Joint Venture Agreement with the National Development Corporation of Tanzania ("NDC"), Atomic's subsidiary, Pacific Corporation East Africa Ltd ("PCEA"), has completed a positive scoping study on the Project. This has been forwarded to the respective boards of the NDC and Atomic. PCEA now advances to a 70% equity interest in the SPV and the project.

Atomic is now finalizing a JORC compliant resource estimation report. The final report, with all analytical data, is due mid February 2009 and a decision to proceed to a bankable feasibility study and subsequent production will then be made."

For further information refer to Atomic's website at www.atomicresources.com.au.

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

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