Axactor SE

Regulatory Filings • Apr 29, 2010

29 April, 2010

IGE announces its first diamonds sale

IGE Resources AB today completed its first diamond sale, marking a significant milestone in the Company's development as a diamond exploration and production company in Africa.

The subsidiary IGE Diamonds today sold 3,407 carats of rough diamonds in Luanda, Angola. The sale yielded an average price of USD 162 per carat before sales taxes. The price is slightly above the most recent diamonds sale from Pangea DiamondFields plc, the Southern African group IGE acquired last month.

"The sale marks that IGE now is not only a diamond exploration company, but also a producing company in Southern Africa. This is truly the beginning of a new era for IGE. We are also satisfied with the average price, which suggests that the rough diamonds market is hardening" said IGE Resources CEO Tomas Fellbom.

The diamonds sold today originate from IGE's Cassanguidi project in Angola. The Company's Luxinge project in Angola is awaiting Government approval for commercial operations, following a recent positive recommendation by Angola's state diamond company Endiama.

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

Boris Kamstra MD, IGE Diamond AB Tel: +27 11 438 41 08 / +27 83 680 68 09 E-mail: boris.kamstra@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.