International Gold Resources, Inc. Provides Update on its Brazil and Corporate Strategies

International Gold Resources, Inc. (IGRU; Pink Sheets) today provided an update on its Brazilian business activities, Cupixi license status, and corporate strategy.

In August 2008, IGR announced that it had filed an amendment to the Company�s application for approval of its Cupixi mineral license with the Brazilian National Department of Mineral Production (DNPM). Despite the filing of the amended license application and a complete geologic report that fully addressed the DNPM�s initial comments to the Company�s 2007 license filing, and the significant efforts of the Company to secure the license, the DNPM as of yet has not issued the license.

The Company has developed an Interim Plan to secure the Cupixi manganese licenses in Brazil. The Interim Plan consists in the engagement of experienced international business consultants located in the US and in Brazil with substantial experience in energy and mining in Brazil, and with an understanding of the norms and procedures of the Brazilian Governmental concession system applications.

The team of consultants will be conducting the activities from Brasilia (Brazil�s capital city), where DNPM is located and the decisions and approvals are submitted and granted. After a thorough analysis of the licenses status within the DNPM is performed, the team will work towards the final steps required to obtain the licenses from the DNPM.

The Company has retained Gonzalo Torres-Macchiavello to head up this effort and secure the Cupixi license for IGR. Mr. Torres-Macchiavello has many years of successful experience doing business in Brazil for large corporations, such as NRG Energy Inc., AES GENER, Pennsylvania Power & Light Latin America and EMSA Mining.. He also has developed entrepreneurial activities in Brazil. Mr. Torres-Macchiavello lived in Brazil many years where he obtained his Bachelors and Master Degrees in Business Administration. Gonzalo will be going to Brasilia and Amapa state to formally kick-off the process and carry out the Company�s property objectives.

Dave Francisco (IGRU�s Chairman of the Board) said, �The Company is very excited to have Mr. Torres-Macchiavello working to help solve the issues in Brazil, and we are confident we have a Interim Plan that will secure our Cupixi license and get the Company back on track. It is also important to mention that the Brazilian manganese exports to China have increased compared with other producing countries�

The company is still working on an avenue to keep up on their work commitments in the Yukon and will try to secure this arrangement.

The Company also has accepted the resignation of Robert Dumont as CEO and a member of the Board of Directors. This position will be filled in the next few months as we make progress on the Cupixi Manganese projects.

About International Gold Resources:

The vision of International Gold Resources, Inc. is to become recognized as one of the premier early stage mineral exploration companies in the world.

This news release contains �forward-looking statements� within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include statements that relate to government mining permit approvals, the intention and ability to protect the Company�s legal rights to its assets in Brazil, the ability to retain future rights to the Cupixi licenses or identify financial or other partners for the Company�s Cupixi or Yukon projects and the ability of the Company to obtain additional opportunities in gold. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the uncertainty of operating in foreign countries; the volatility of mineral prices; potential operating risks of mining, development, and exploration; environmental and governmental proceedings, regulations, and permits, including the mining license approval process and outcome; changes in applicable laws, regulations, or legal requirements pertaining to the Cupixi Project, the Company, and/or its affiliates; availability of financing; force majeure events; and other risk factors as described from time to time in the Company�s filings with the Securities and Exchange Commission. These factors are often beyond the Company�s ability to control or predict.

International Gold Resou... (CE) (USOTC:IGRU)
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