Axactor SE

M&A Activity • Sep 23, 2009

Press release No 35 - 2009

International Gold Exploration IGE AB (publ)

23rd of September 2009

(OSE: IGE)

International Gold Exploration IGE AB is pleased to announce the completion of the sale of its 50% in Kilimapesa Gold (Pty)

International Gold Exploration IGE AB ("IGE"), has completed the sales to Goldplat PLC, through its wholly owned subsidiary Gold Mineral Resources Limited, of the 50% interest in Kilimapesa Gold (Pty) Limited ('Kilimapesa Gold').

The consideration for the sales is US\$2.7 million, of which US\$1.2 million has been paid, and the balance is payable in six monthly amounts of US\$250,000 commencing when Kilimapesa Gold's mining licence is issued by the authorities in Kenya.

Kilimapesa gold project is situated in South Western Kenya within the historically producing Migori Archaean Greenstone Belt. IGE currently holds 4 licenses in Kenya and continues exploration for Gold in Kenya with the aim of developing a medium- to large-scale gold resource in the short term.

For additional information, please contact:

Tomas Fellbom CEO, International Gold Exploration IGE AB Tel: +46 8 402 28 00 / +46 733 225 786 E-mail: tomas.fellbom@ige.se

Thomas Carlsson CFO, International Gold Exploration IGE AB Tel: +46 8 402 28 00 / +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 got a portfolio of projects in Angola, Kenya, Sweden and Norway. Its shares are listed on the Oslo Stock Exchange. IGE has its headquarter in Stockholm, Sweden For more information, visit www.ige.se