International Gold Resources Inc. provided an update on its Board Members and Management team as well as its Yukon Development Activities. Mr. Gonzalo Torres Macchiavello has been named CEO of IGR and Mr. Lyle Durham will serve as President of the company. Mr. Torres Macchiavello has extensive international managerial experience in energy, mining and large infrastructural projects while Mr. Durham has experience in the development of junior companies. Mr. Torres Macchiavello has also become a Board member of the company. Mr. Richard M. Clyne has joined IGR's Board. Mr. Clyne has considerable experience in large contract negotiations, including joint ventures and partnering agreements. He currently has a private practice providing negotiating services to a Fortune 20 company. Mr. Lyle Durham will continue to serve as Board member. Mr. David H. Francisco resigned from his position as a member of the IGR Board, effective June 2, 2009. International Gold Resources (IGR) and Ryanwood Exploration have entered into an agreement for further exploration and potential development of the Bonanza and King Solomon (formerly Crown Jewel) properties situated in the Dawson Mining District of the Yukon Territory. The agreement provides IGR an option to acquire an undivided 100% right, title and interest to both properties from Ryanwood, in exchange for certain cash payments, stock participation and potential future royalties in the event production occurs. The encouraging exploration results to date, as well as both properties' proximity to the recent significant Underworld Resources gold ore discovery, led to IGR's decision to increase its control of these targets and to accelerate exploration activities in this promising area.

On June 2, 2009, International Gold Resources Inc. received the resignation of Mr. David H. Francisco, as a member of the Board of Directors, effective June 2, 2009. On June 02 2009, Mr. Gonzalo Torres-Macchiavello was appointed Chief Executive Officer of the Company and Lyle Durham was appointed President. Mr. Wm. Mark Hart, Mr. Gonzalo Torres Macchiavello and Mr. Richard Clyne were appointed members of the Board of Directors. Dr. Hart has over 34 years of experience in the mining and energy business. He has held senior positions with West Hawk Development Corporation, Newmont Mining, NRG Energy, Cyprus Amax Minerals, AEP-American Electric Power, and CONSOL Energy. Mr. Torres Macchiavello has 25 years of experience in the energy and construction business. He has held senior positions with NRG Energy, AES Corporation, Pennsylvania Power & Light, Vattenfall Sweden, SARCOAL Energy, West Hawk Development Corp. and EMSA Construction Company. Richard M. Clyne, an executive consultant, has had a specialty practice negotiating large Information Technology Services contracts for a single Fortune 20 client, since 1999.

International Gold Resources Inc. provided an update on its Brazilian business activities, Cupixi license status, and corporate strategy. The company has developed an interim pan 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 also has accepted the resignation of Robert Dumont as CEO and a member of the Board of Directors.