Axactor SE

Share Issue/Capital Change • Oct 12, 2009

Press release No 39 - 2009

International Gold Exploration IGE AB (publ)

12th of October 2009

(OSE: IGE)

Increase of share capital - International Gold Exploration IGE AB

As previously announced the company has completed a private placement to a restricted number of investors in combination with a debt conversion (see previous announcements). The new shares have now been registered at the Swedish Companies Registration office (Bolagsverket).

The company has, following the registration of additional 289,800,000 shares, a share capital of SEK 39,082,058.2 divided on 781,641,164 shares. Each with a par value of SEK 0.05.

The new total number of outstanding shares in International Gold Exploration IGE AB amounts to 781,641,164.

For additional information, please contact:

Tomas Fellbom CEO, International Gold Exploration IGE AB Tel: +46 8 20 46 09 / +46 733 225 786 E-mail: tomas.fellbom@ige.se

Thomas Carlsson CFO, International Gold Exploration IGE AB Tel: +46 8 611 57 64 / +46 70 552 26 22 E-mail: thomas.carlsson@ige.se

International Gold Exploration IGE AB (publ), is a Swedish exploration and mining group focused on diamonds, nickel and gold. The Company started production of alluvial diamonds in Angola and gold in Kenya in the beginning of 2009. IGE has a portfolio of projects in Angola, Kenya, Sweden and Norway. Its shares are listed on the Oslo Stock Exchange. IGE has its headquarter and its senior management in Stockholm. For more information, visit www.ige.se