Reduced deficit for IGE

IGE Resources AB (OSE: IGE) today announced the Company's fourth quarter
and full year 2012 results. The Group's deficit has been significantly
reduced compared to 2011. IGE is now primarily focusing on the
commercialization of its diamond projects in the Democratic Republic of
Congo (DRC).
IGE Resources had no revenues in 2012, compared to revenues of SEK 5.8
million in 2011. The Group's EBITDA for the full year 2012 came in at
SEK -24.6 million, following a 64 per cent reduction in operating costs
from the previous year. 2011 EBITDA was SEK -62.5 million.

IGE posted impairment losses of SEK 126.2 million in 2012, of which SEK
124.4 million were recorded in the fourth quarter. The write-offs are
related to IGE's Bakerville diamond project in South Africa. IGE
terminated operations at its Bakerville, South Africa diamond mine in
2012.

Net result for the year 2012 ended at SEK -121.5 million, compared to
SEK -185.9 million the previous year.

For the fourth quarter alone, IGE had an EBITDA of SEK -5.9 million,
compared to SEK -8.6 million in the fourth quarter of 2011. Net result
for the quarter was SEK -101.1 million, compared to SEK -8.7 million in
the fourth quarter of 2011.

Amarant Mining Ltd became IGE's main shareholder in December 2012, after
having purchased 29.7 per cent of the shares. A new Board of Directors
was appointed, and the new board has decided that IGE's primary focus is
on diamond and gold projects in Africa. The Company now moves forward
with its DRC diamond projects, and is also in the process of acquiring a
gold project in the country.

IGE's Rönnbäcken nickel project in Sweden is currently in a holding
mode, awaiting the Swedish government's decision on an appeal related to
the project's exploitation concessions. IGE intends to spin off its
subsidiary Nickel Mountain Resources in 2013.

For additional information, please contact:

Thomas Carlsson

CFO and acting 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 several 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 (http://media.ne.cision.com/l/eavxxcwg/www.ige.se/) for more
detailed information.