Axactor SE — Board/Management Information 2010

Mar 26, 2010

IGE: New Board members elected, mining expertise strengthened

IGE: New Board members elected, mining expertise strengthened

IGE Resources AB, the former International Gold Exploration IGE AB (OSE:

IGE), announced today that the Extraordinary General Meeting on 26

March, 2010 elected two new members of the Board of Directors.

The two new members are Mr Rob George Still and Mr Anton Esterhuizen,

who both bring with them extensive mining experience from Southern

Africa. Mr Ole Jørgen Fredriksen is leaving IGE's Board of Directors at

his own request.

IGE's Board of Directors now has these members:

John Afseth (Chairman)

Lars Olof Nilsson

Timothy George

Magne Aaby

Rob George Still

Anton Esterhuizen

Rob George Still (age 54) is currently Deputy Chairman of Pangea

DiamondFields' Board of Directors. He has 25 years of experience from

the mining industry, where he has participated in the development of a

large number of new mining projects. Mr Still has been involved in both

the senior and junior sectors of the mining industry worldwide and has

held both executive and non-executive director positions in mining and

exploration companies listed in South Africa, Australia, Canada and the

UK. By education, Rob Still is a Bachelor of Commerce and a Chartered

Accountant in South Africa. Mr Still is a South African citizen.

Anton Esterhuizen (age 58) is an experienced geologist with more than 30

years exploration experience. He has played a leading role in a number

of major gold and mineral discoveries in Southern Africa and has

received several prestigious awards for his outstanding work in the

mining industry. Mr Esterhuizen managed for a number of years the

exploration activities of Pangea DiamondFields throughout Africa. He

holds a Bachelor's degree in geology and a Master's degree in mineral

exploration. Mr Esterhuizen is a South African citizen.

For further information, please contact:

Tomas Fellbom

CEO, International Gold Exploration IGE AB

Telephone: +46 8 402 28 00/ +46 73 322 57 86

E-mail: tomas.fellbom@ige.se

Thomas Carlsson

CFO, International Gold Exploration IGE AB

Telephone: +46 8 402 28 00/ +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.