Correction: Announcement from IGE Resources AB's Annual General Meeting 2012

The Annual General Meeting of IGE Resources AB (publ) took place on
Thursday 10th of May 2012 in Stockholm, Sweden. The most important
decisions made by the Annual General Meeting are summarised below.
57.6 million shares, equivalent to 31.7 percent of the total amount of
outstanding shares and voting rights, were represented at the AGM in
person or by proxy.

Annual Report

The financial statements, including the annual report and the auditor's
report as well as the consolidated annual report and the auditor's group
report, were presented. The income statement and the balance sheet for
both the parent company and the consolidated group were approved by the
Meeting.

Discharge from liability

The Meeting voted for the discharge from liability for the members of
the Board and the CEO of IGE Resources AB.

Board of Directors and auditor

The Meeting re-elected Timothy George and Magnus B Lindseth and elected
Cheryl Brandon, Philip Gross, Fredrik Lindgren and Jacques McMullen as
new members of the board. The meeting elected Fredrik Lindgren as
Chairman of the Board. The meeting re-elected the auditor firm KPMG as
the Company's auditor with Birgitta Gustafsson as head auditor.

Fees

The fees to be paid to the Board of Directors were set by the Meeting at
a total of SEK 2,000,000 (last year 1,400,000), with SEK 500,000 to the
Chairman of the Board and SEK 300,000 to each of the other members of
the Board. It was resolved that the fees to the auditors would be paid
according to reasonable and by the Company approved invoices.

Nomination Committee

The Meeting resolved to establish a Nomination Committee for the next
Annual General Meeting whereby the two largest shareholders in the
Company as per September 30, 2012, will appoint one representative each
to form the nomination committee with the Chairman of the Board..
Amendment of the Articles of Association
The Meeting resolved to amend new Articles of Association by changing
the share capital to a minimum of SEK 25,000,000 and a maximum of SEK
100,000,000 and the number of shares to a minimum of 100,000,000 shares
and a maximum of 400,000,000 shares.
Authorization to the Board of Directors
The Meeting resolved to authorize the Board, up until the next AGM and
on one or more occasions, to decide on the issuance of new shares,
convertible bonds and/or warrants, thereby increasing the share capital
with a maximum of SEK 5,048,589.50, corresponding to a maximum of
20,194,358 shares. The authorization may be used by the Board to decide
on issues with or without pre-emptive rights for the company's
shareholders.

Presentation by CEO

IGE Resources AB's CEO, Thomas Carlsson, commented on the development
during the fiscal year 2011 and on the results for the first quarter of
2012.

For additional information, please contact:

Thomas Carlsson

CEO, IGE Resources AB

Tel: +46 8 402 28 05 / +46 70 552 26 22

E-mail: thomas.carlsson@ige.se

IGE Resources AB (publ) is a Scandinavian asset management and
development company within natural resources.

IGE's portfolio currently consists of diamond exploration and production
assets in Southern Africa and Nickel Mountain Resources AB (publ) owning
Scandinavia's largest nickel deposit. 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.