Axactor SE

Environmental & Social Information • Oct 25, 2013

25 October, 2013

Nickel Mountain is launching a deposit-wide mineralogy study of the Rönnbäcken Nickel Project.

IGE Resources AB's subsidiary Nickel Mountain AB ("Nickel Mountain") is launching a deposit-wide mineralogy study of the three deposits comprising the Rönnbäcken Nickel Project; Sundsberget, Rönnbäcknaset and Vinberget. The study will be undertaken by Vancouver GeoTech labs in Vancouver, Canada using thin section microscopy to identify individual mineral phases in approximately 560 samples. This program follows on from an initial program of thin section mineralogy and petrography on 80 samples completed in April 2013.

These mineralogy studies are an important component of a prefeasibility study (PFS) and need to be carried out early in the PFS process. The results of the deposit-wide mineralogical studies will be integrated with the results of the recently completed geometallurgical domain study. The combined knowledge gained from the mineralogy and geometallurgical studies will assist in the creation of a geometallurgical domain model, which is used to predict the mining and beneficiation properties of mineralisation. This resultant domain model will be an important tool for the company's geologists and engineers during pre-feasibility work on the Rönnbäcken Nickel Project.

The mineralogy study is expected to take 6 months to complete at a cost of approximately US\$100,000. Nickel Mountain will continuously receive results from the studies, with final reporting anticipated for mid-2014.

For more specific information with regard to Nickel Mountain and this press-release, please contact:

Fredric Bratt Director, Nickel Mountain Resources AB Phone: +46 8 402 28 00 / Mobile: +46 762 35 32 60 E-mail: fredric.bratt@nickelmountain.se

For general information with regard to IGE Resources, please contact:

Stefan Persson Chairman, IGE Resources AB Phone: +46 8 402 28 00 / Mobile: +46 70 486 21 90 E-mail: info@ige.se

IGE Resources AB (publ) is a Swedish company headquartered in Stockholm. Its shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer to www.ige.se for more detailed information.