International Gold Resources, Inc. Announces Update on its Cupixi Mining License Application and Appointment of Nathan M. Longen

  
    
  
  
    
      International Gold Resources, Inc. (Pink Sheets:IGRU) today announced an 
      update on its Cupixi Mining License application and the appointment of 
      Nathan M. Longenecker as the Company’s Vice 
      President, General Counsel and Secretary.
    
    
      Update on Cupixi Mining License
    
    
      International Gold Resources, Inc. (“IGR”) 
      President and Chief Executive Officer Robert L. Dumont recently returned 
      from Brazil where he visited the Company’s 
      exploration properties and met with the Regional Director of the 
      Departamento Nacional de Producao Mineral (“DNPM”) 
      and other senior government officials regarding the status of the Company’s 
      Cupixi Mining License application filed in October 2007.
    
    
      Mr. Dumont commented, “I return from Brazil 
      very encouraged by the quality of our Brazilian assets, employees and 
      contractors, and the support for IGR and its mining license from the 
      Brazilian Government. The DNPM has asked that we address some minor 
      technical comments to our original license submission. That work is 
      already underway and I expect it will take us approximately 60 days to 
      complete. Based on my meetings with the DNPM and other senior government 
      officials, I believe we continue to have a clear path to receiving our 
      license in the near term.”
    
    
      Mr. Dumont went on to say, “I also toured 
      each of our exploration properties and continue to be very excited by 
      our Cupixi manganese project as well as our gold properties at Cupixi, 
      Lourenco, Cassipore and Cachoeira. As we discussed on our investor 
      conference call, we are nearing completion of our comprehensive data 
      review on our Brazilian gold properties and expect to release that 
      information as well as results of our 2007 Yukon exploration program 
      shortly.”
    
    
      Appointment of Mr. Longenecker
    
    
      Finally, the Company has appointed, on a part-time basis, Nathan M. 
      Longenecker as the Company’s Vice President, 
      General Counsel and Secretary. Mr. Longenecker is a founding partner of 
      Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with 
      particular expertise in representing clients in the natural resource 
      industry in both domestic and international matters. Mr. Longenecker 
      grew up in Edmonton, Alberta, Canada. He received his undergraduate 
      degree from Colorado College in 1990 and his Juris Doctorate degree from 
      the University of San Diego School of Law in 1994 where he was a member 
      of the Order of the Coif and the San Diego Law Review. He is a member of 
      the Bar of the Courts of Colorado and the Ninth Circuit and Tenth 
      Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & 
      Longenecker LLP in 1999, Mr. Longenecker practiced law at the national 
      law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
    
    
      Mr. Dumont said, “I am extremely pleased that 
      Nathan has agreed to join IGR. His background and significant experience 
      representing multinational resource companies make him a great addition 
      to our team as we progress our asset portfolios and grow our Company.”
    
    
      About International Gold Resources, Inc.
    
    
      The vision of International Gold Resources, Inc. 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, that are 
      intended to be covered by the safeharbor created by such sections. Such 
      forward-looking statements include, without limitation, statements 
      regarding the company’s future growth 
      potential and asset portfolio; statements regarding obtaining a mining 
      license with respect to our Cupixi project, including but not limited to 
      the likelihood and timing of receiving the license; estimates regarding 
      timing and completion of future potential studies, data reviews, and 
      other exploration activities or results; and statements regarding the 
      Vice President, General Counsel and Secretary’s 
      education and experience being able to produce future success for the 
      Company. Where the company expresses or implies an expectation or belief 
      as to future events or results, such expectation or belief is expressed 
      in good faith and believed to have a reasonable basis. However, 
      forward-looking statements are subject to risks, uncertainties and other 
      factors, which could cause actual results to differ materially from 
      future results expressed, projected or implied by such forward-looking 
      statements. Such risks include, but are not limited to, gold and other 
      metals price volatility, currency fluctuations, increased exploration 
      and drilling costs; uncertainty in making estimates in mineralized 
      materials and deposits due to variances in ore grade, political and 
      operational risks in the countries in which we operate, and governmental 
      regulation and judicial outcomes. For a more detailed discussion of such 
      risks and other factors, see the company’s 
      filings with the Securities and Exchange Commission. The Company does 
      not undertake any obligation to release publicly revisions to any “forward-looking 
      statement,” to reflect events or 
      circumstances after the date of this conference call, or to reflect the 
      occurrence of unanticipated events, except as may be required under 
      applicable securities laws.
    
    
      Website: http://www.intlgold.com