IGRU International Gold Resources Inc (CE)

International Gold Resources Inc. ("IGR") (OTCBB:IGRU). IGR is often asked by potential investors about the Company's reason for having invested in Brazilian mineral properties; the Company is therefore pleased to give a brief update on Brazil: In 2005 Brazil's GDP grew by 2.3% to US$79bn, ranking the country as an emerging economy and the 10th largest economy in the world. Mining output, which increased by over 10.2% eclipsed its industrial output, which grew by 3.1%. Brazil is ranked 9th out of 35 countries for political stability and 2nd for taxation (Reference -- the Fraser Institute survey -- 2005/06). Brazil's long mining history encompasses excellent access to skilled labor, mining infrastructure and equipment. The country is highly prospective for mineral deposits, with most of Brazil dominated by the Precambrian Amazon craton and numerous granite-greenstone belts. The country produces a diverse range of minerals, being the world's largest producer of iron ore. The privatization of CVRD, the state-owned iron ore producer, in 1997 paved the way for a more open approach to mining investment. The State took on the role of actively encouraging private and foreign companies to explore and develop the huge mineral potential of the country. Dense jungle vegetation has resulted in large parts of the country being relatively under-explored and so providing a great opportunity for junior exploration companies looking for Greenfield sites. The National Department for Mineral Production issued 14,451 exploration licenses last year, an increase of 32% on the previous year. The Companies mineral properties are comprised of approximately 800 thousand acres in their Brazilian holdings located in: Amazonas, Amapa (Lourenco and Porto Grande) and Bahia States. About International Gold Resources, Inc. The vision of International Gold Resources Inc. is to secure, explore, and develop properties in Brazil, and in the Yukon Territories, Canada. We are a junior mining company, with both immediate and future production potential. The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. For further information, please contact: Mr. Lyle Durham (Vice President -- Investor Relations): 425-844-2535 and 1-800-480-9008 (US only). Website: http://www.intlgold.com