U.S. Markets closed

IGRI Inc. Announces Expiry of Issuer Bid

TORONTO, ONTARIO--(Marketwire - June 21, 2011) - IGRI Inc. ("IGRI" or the "Corporation") is pleased to announce that, upon expiry on June, 20, 2011, at 5:00 p.m. (Toronto time), of its issuer bid (the "Offer") for the purchase and cancellation by the Corporation of up to 230,769 of its outstanding common shares (the "Shares") from shareholders of IGRI, a total of 147,305 Shares have been deposited by Shareholders and taken up by IGRI under the Offer.For further details on the terms and conditions of the Offer, please consult the offer to purchase and issuer bid circular dated May 4, 2011, as amended by a notice of change and extension dated June 8, 2011.This press release is for information purposes only and is not an offer to buy or the solicitation of an offer to sell any Shares.This press release is made in order to comply with the requirements of applicable Canadian securities regulatory authorities.