Axactor SE

Board/Management Information • Feb 21, 2011

Press release No 11 - 2011

21 February, 2011

IGE: Board member steps aside

IGE Resources AB (OSE: IGE) today announced the resignation of Mr Rob George Still from the Company's Board of Directors.

Rob Still is leaving IGE's board due to new responsibilities in the resource sector which require him to lighten his workload and external responsibilities and commitments. Mr Still has been a member of IGE's Board of Directors since March 2010.

For additional information, please contact:

Tomas Fellbom CEO, IGE Resources AB Phone: +46 8 402 28 00 / Mobile: +46 73 322 57 86 E-mail: tomas.fellbom@ige.se

Thomas Carlsson CFO, IGE Resources AB Tel: +46 8 402 28 05 / +46 70 552 26 22 E-mail: thomas.carlsson@ige.se

IGE Resources AB (publ) is a Scandinavian company mainly focusing on diamonds exploration and production in Southern Africa. IGE's portfolio also includes one of Northern Europe's largest nickel deposits and gold exploration projects in Kenya. IGE is headquartered in Stockholm and its shares are listed on the Oslo Stock Exchange (ticker: IGE). Please refer to www.ige.se for more detailed information.