International Gold Resources Inc. ("IGR") (Pink Sheets:IGRU) is pleased to announce that Rodolfo Michels has become its new Company Controller after 12 years at Newmont Mining Corporation. Rodolfo �Mike� Michels has assumed the duties of Controller. His responsibilities encompass all areas of the company's financial management, corporate budget, accounts receivable, accounts payable, and human resources. Michels Experiences at Newmont Mining Corporation: Director - Project Accounting (2005 to 2007) � Director - Operations Accounting (2004 - 2005) �Director of Administration and Business Manager for Mineral � Yanacocha, Catamaran, Peru. (2000 - 2004) �Financial Controller (1995 - 2000) for the Zarafshan-Newmont Joint �Venture, a 400 thousand once per year heap leach operation in Central �Asia Michels earned his BS in Business Administration, from Seton Hall University. "We are thrilled to have someone with Mike's expertise join IGR," says Tim Acton, CEO of the company. "Our potential for growth over the next few years is becoming nothing short of phenomenal. It has made us realize that IGR needs someone with Mike's talents & background to join our core management team. With Mike now firmly in place concentrating on IGR's financial health, I can now fully concentrate all my energies executing and achieving our goals, enhancing shareholder value and executing our vision." Coming from a large corporate environment like Newmont Mining, Mike found the entrepreneurial spirit of IGR particularly refreshing & intriguing. "That was a major draw for me," says Michels. "Both the company's potential for growth and success, especially over the next few years, as well as its business philosophy, were important factors in my decision to accept this position. As we move to the next level, I'll be responsible for initiating a more traditional budget process. We will be revising cash management and accounts payable, assuring a more efficient cash flow, which is the bottom line for any company." CEO Tim Acton goes on to say that, �We have now filled one more truly crucial key position allowing us to stay on track achieving our vision & feel extremely fortunate to have some one with Mr. Michels work history & track record spear heading these efforts.� About International Gold Resources, Inc. The vision of International Gold Resources Inc. is to generate favorable shareholder returns by exploring and developing mining properties in North and South Americas. 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.
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