NEW YORK, June 28 /PRNewswire/ -- International Coal Group, Inc. has filed
a registration statement with the SEC to register common shares to be issued
to existing ICG shareholders in its previously announced holding company
reorganization.  This reorganization is being done to facilitate ICG's
acquisitions of Anker Coal Group, Inc. and CoalQuest Development, LLC.
    As a result of the registration of the shares to be issued in the
reorganization, all International Coal Group common shares held by former ICG
shareholders will be freely tradable, other than shares beneficially owned by
directors, officers and other affiliates.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted, prior to the
time the registration statement becomes effective. This press release shall
not constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.  The offering will be made only
by means of a prospectus.

    About International Coal Group
    ICG was organized by WL Ross & Co. LLC.  ICG is a leading U.S. coal
producer with over 660 million tons of coal reserves located in Kentucky, West
Virginia and Illinois.  ICG markets its coal to a diverse customer base of
investment grade electric utilities, as well as domestic and international
industrial customers.

    This press release is being issued pursuant to and in accordance with Rule
135 under the Securities Act of 1933.

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