agm, page-20

An excellent presentation by CC. Chairman announced he was resigning for personal reasons after the AGM. (Dont read anything negative into this statenment)
CC is clearly excited and believes we have a long way to go (read UP)
I was particularly intertested in the 5 1/2 month stockpiles of mill material, If there were to be minning delays it wont stop gold production

QUESTIONS and answers FOR IGR 10TH NOVEMBER 2010 AGM

1.Is production still as forecast and on budget
Answer Yes!

a.When could investors expect to see production figures
Answer: Steady state production should be achieved by January next year and reported in that quarterly. However, CC stated that the company will issue generalised unaudited production figures for this month (end month)

b.What frequency will production information be reported
Answer: End of each month till we reach an average range production rate

2.Can we expect a resources upgrade this calendar year
Answer: As per the AGM report, Expect to provide an updated Mineral Resources estimate near the end of the year / early 2011 including:
?? Initial Majestic and Lucky Bay estimates
?? Revisions to Maxwells, Cock-eyed Bob and Santa
Expect to provide an updated Ore Reserve estimate in June
2011 (before end of financial year) including:
?? Revised Salt Creek and Maxwells open pit estimates
?? Initial Majestic and Lucky Bay estimates
?? Others
Expect to commence ??exploration decline / trial mining?? of
Cock-eyed Bob in the first half 2011 without an Ore Reserve

3.Given the excellent drill results, does management intend to extend its current drilling budget
Answer: Given the amount of work and drill results already on hand, the answer would be no for the time being

4.Should we expect a further capital raising at some time in the future to fund a second production plant or would this be financed via loans etc
Answer: Categorically NO. They will use income and finance if necessary



5.Recently IGR has been subjected to heavy selling. Has the company examined the constant selling that??s followed
Answer: Peter Ironside follows the share dealings like a hawk. CC said that after the first heavy sell down from .66-.49 cents caused by a certain newsletter and a large share holder dumping shares, there has been another recent seller. CC felt this recent seller has nearly cleared all the shares they wish to sell so the SP should begin to rise in the near future

a.Is the company aware of any current T/O threats
Answer: NO

6.Does management intend to extend its company presentations to overseas investment funds and brokers
Answer: Yes, Management is presenting at a mining conference in December in London and JP Morgan and others receive regular presentations

a.Would IGR consider a dual listing on AIM or TSX
Answer: NO