Axactor SE — Share Issue/Capital Change 2010

Mar 26, 2010

IGE assumes new name

IGE assumes new name

The former International Gold Exploration IGE AB (OSE: IGE) announced

today that the Company has changed its name to IGE Resources AB.

The Company's Extraordinary General Meeting on 26 March, 2010 resolved

to change the company name.

The decision is made in order to have a name which better reflects the

Company's strategy and operations. Diamond exploration and production is

IGE's main focus, with gold exploration currently being a minor part of

the Company's portfolio. IGE Resources also holds significant nickel

resources in Scandinavia.

IGE: Board authorised to conduct share issue

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

IGE), announced today that the Company's Board of Directors has received

authorisation to issue a maximum of 500 million new shares, if and when

the Board deems it appropriate.

The extraordinary general meeting of IGE today authorised the Board of

Directors to, at one or several occasions, decide on an increase of the

Company's share capital through new share issue(s) of maximum

500,000,000 shares with preferential right for the existing

shareholders, thereby increasing the Company's share capital by maximum

SEK 25 million.

The authorisation enables the Board to decide on a preferential right

share issue in order to secure the further financing of the development

of IGE, if and when the Board deems it appropriate.

If the authorisation is fully utilized, the dilution will be

approximately 27.9 per cent, based on 1,291,109,101 shares, which will

be IGE's number outstanding shares after completion of the share issue

related to the acquisition of Pangea's assets and operations.

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.