IGC Resources Inc.: Sale of Shares
Published : March 03, 2011

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Keywords :   Coal | Copper | Gold | Market | Uranium |

KELOWNA, BRITISH COLUMBIA--(Marketwire - March 3, 2011) - IGC Resources Inc. ("IGC" or the "Company") (News - Market indicators) is pleased to announce that 4 million shares of Atomic Resources Limited (ASX:ATQ) ("Atomic") were sold for AU$1,800,000 (CAD$1,780,000). The company continues to own 2.850 million ordinary shares and 7.250 million options of "Atomic" (ASX:ATQO).

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.

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

For more information, please contact

IGC Resources Inc.
John McColl
Director/Compliance Manager
+1 (250) 868-0868
igcresources@gmail.com
www.igcresources.com

IGC Resources

CODE : IGC.V
ISIN : CA44952P1009
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IGC Res. is a gold producing company based in Australia.

IGC Res. holds various exploration projects in Australia, in Canada and in Tanzania.

Its main asset in production is BLACKBURN - GREAT SOUTHERN PROJECT in Australia and its main exploration properties are NARROWS in Canada, NGAKA in Tanzania and UAROO in Australia.

IGC Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 392 460 as of today (US$ 368 245, € 269 813).

Its stock quote reached its highest recent level on December 27, 2006 at CA$ 0.90, and its lowest recent point on March 14, 2014 at CA$ 0.01.

IGC Res. has 26 164 000 shares outstanding.

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Annual reports of IGC Resources
Annual Report 2007
Financings of IGC Resources
4/7/2008Private placement closed
Nominations of IGC Resources
12/20/2007Appoints Dave Holden as President
Project news of IGC Resources
6/4/2009(Ngaka)Reports Start of Bankable Feasibility Study at Ngaka Coal Pr...
2/18/2009(Ngaka)JORC-COMPLIANT COAL RESOURCE IN ATOMIC RESOURCES INC.
1/26/2009(Ngaka)INITIAL DRILLING PROGRAM COMPLETED -NGAKA COAL DEPOSIT, TANZ...
5/29/2008(Blackburn - Great Southern Project)extends Gold Mineralisation at Blackburn
8/29/2007(Blackburn - Great Southern Project)Drilling commences at Blackburn Gold Project
6/5/2007(Blackburn - Great Southern Project)Discovers New Gold Zone Blackburn
Corporate news of IGC Resources
3/3/2011Sale of Shares
5/12/2008Atomic Ltd, finalizes coal JV with Tanzanian Government
3/3/2008Significant gold and copper exploration project acquired in ...
1/8/2008John Braden appointed as Investor Relations Consultant and O...
11/19/2007 Resources’Associate, Atomic Resources Limited (28.5% owned)...
11/14/2007Drilling Success Finds New Gold Mineralisation at Blackburn ...
7/9/200728% owned Uranium Explorer, Atomic Resources Limited, Comple...
6/25/2007Completes Uranium Investment with Atomic V1.pdf - Adobe Acro...
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