IVG Enterprises Ltd.: News Release

CALGARY, ALBERTA--(Marketwire - Feb. 8, 2008) - IVG Enterprises Ltd. ("IVG" or the "Corporation") (TSX VENTURE:IVE) announces that Mr. Kong, Kenny Kok Lim has resigned as a director of the Corporation effective as of February 7, 2008.

Mr. Kong has confirmed that there is no disagreement with the Board and there are no matter relating to his resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere appreciation to Mr. Kong for his valuable contribution to the Corporation during the tenure of his service.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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