IGRU International Gold Resources Inc (CE)

International Gold Resources, Inc. (PINK SHEETS:IGRU) announced today that it has identified 10 exploration targets on its permitted Cupixi claim blocks in the Porto Grande area of Amapa State in Brazil. The new targets were identified by analysis of recently acquired geophysical data, available exploration data, analysis of other known gold deposits in the area, and our own recent field work. Tobias Geotec, IGR�s Brazilian consulting geologist stated, �The geophysical data was analyzed and 10 priority targets have been selected. We will concentrate on field work, including geochemistry and mapping.� IGR has contracted with Tobias Geotec to complete this initial work over the next few months. There are currently over 40 people working at the Project, with 2 field geologists at the site supervising the work. Tobias Geotec is also performing work at IGR�s Cupixi manganese Project in the same area. IGR announced previously that Behre Dolbear concluded in their due diligence report that �the surface of the mineralized area appears to be approximately 400 meters by 200 meters. Although the surface length and width of the mineralization has been generally delineated, the depth and grade are unknown, requiring further exploration effort in the form of a core drilling program.� IGR intends to commence core drilling sometime in the next few weeks. Surface geochemistry work and trenching is underway currently. IGR has retained Mr. John Young as a consultant in Brazil. Tim Acton, IGR�s CEO, stated, �We are very happy to have John Young continue his association with our efforts in Brazil. John has been instrumental in establishing the Company�s presence in Brazil and assisting IGR in acquiring our portfolio of assets. John has a good record of finding ore deposits throughout the world and we look forward to his continued contributions.� IGR has appointed Mr. Rodolfo �Mike� Michels as Vice President, Brazil Operations. Mr. Michels will represent IGR�s interests in Brazil and will report directly to Tim Acton, Chief Executive Officer. Mr. Michels joined the company as Controller in May of this year. Roland Vetter, IGR�s CFO and President will temporarily fill Mr. Michel�s duties as Controller. Tim Acton stated, �With Behre Dolbear�s favorable report, the newly defined targets at Cupixi, and the strengthening of our Brazilian team with the addition of Mike Michels, John Young, and Tobias Geotec, IGR is now beginning a new phase of increased exploration efforts in Brazil.� About International Gold Resources, Inc. The vision of International Gold Resources is to maximize shareholder value by becoming recognized as one of the premier early stage gold exploration and development companies. This press release includes �forward-looking statements� within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, among others, exploration and drilling targets. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the volatility of gold prices; potential operating risks of mining, development and expansion; the uncertainty of estimates of mineralized material and gold deposits; and environmental and governmental regulations; availability of financing; as well as judicial proceedings and force majeure events and other risk factors as described from time to time in the Company�s filings with the Securities and Exchange Commission. Most of these factors are beyond the Company�s ability to control or predict.