SCOTT DEPOT, W.Va., March 11 /PRNewswire-FirstCall/ -- International Coal Group, Inc. (NYSE: ICO) ("ICG" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $200.0 million aggregate principal amount of its 9.125% Senior Secured Second-Priority Notes due 2018 (the "Senior Notes").  The senior notes will be issued at a price of 99.298% of their principal amount.  Morgan Stanley & Co. Incorporated and UBS Securities LLC are serving as Joint Book-Running Managers for the Offering.  The Senior Notes will mature on April 1, 2018.  The Offering is expected to close on March 22, 2010.  The Company intends to use the net proceeds from the Offering, together with cash on hand, if necessary, to finance the previously announced cash tender offer and consent solicitation to repurchase up to $175.0 million aggregate principal amount of its 10.25% Senior Notes due 2014.  Any excess proceeds from the Offering will be used for general corporate purposes.

The Senior Notes will be issued pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (the "SEC") and was declared effective on January 15, 2010.  Copies of the final prospectus supplement and related base prospectus for the Offering, when available, will be filed with the SEC and will be available on the SEC's website, www.sec.gov.  Alternatively, the underwriters will arrange to send you the final prospectus supplement and related base prospectus, when available, if you request them by contacting:

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of the Company, nor will there be any sale of such securities in any jurisdiction in which such offer, sale or solicitation would be unlawful.

This press release contains "forward-looking statements" within the meaning of federal securities law.  You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control.  Such risks and uncertainties include the completion of the Offering, the tender offer and consent solicitation.

General Information

ICG is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin.  The Company has 13 active mining complexes, of which 12 are located in Northern and Central Appalachia and one in Central Illinois.  ICG's mining operations and reserves are strategically located to serve utility, metallurgical and industrial customers domestically and internationally.

SOURCE International Coal Group, Inc.

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