IGE Resources calls for Extra General Meeting, related to the proposed acquisition of African gold project

The board of IGE has as previously communicated a proposal to acquire
African gold projects and rights to purchase production plants for
alluvial gold and diamond production. All proposals are conditional on
final approval by the shareholders' meeting.
The Board has received a complaint from the Auditor related to this
proposal, which on the 22nd of March resulted in their resignation. In
KPMG's letter of resignation they refer to a suspicion of criminal
action from the Board. The Board of IGE have no understanding with
regard to neither their resignation nor their complaint on the proposal,
but has of course taken such accusation seriously and have already
appointed a reputable Law firm to prepare a review and appraisal of the
legal and technical process and procedures related to the proposed
transaction. If this review in any way results in any complaints the
Board will take immediate action to rectify such.

The Board considers this proposed acquisition being of significant value
to the company in its need to move IGE from its current non-operating
status to an operating company with its own cash generation. The Board
is convinced that all processes are compliant with both regulatory and
stock market regulations. The Board has worked aggressively during the
latest months in order to conclude this acquisition and is convinced
that these assets will strengthen the existing portfolio of mineral
interests in Africa significantly. The proposed deal is still, of
course, contingent on the final approval by the shareholders' meeting in
IGE.

In consideration of the situation the Board will call for an Extra
General Meeting to be held on April 18, 2013 to elect new auditor,
present the appraisal of the process, and recommend the shareholders to
vote for the proposed transaction.

A more detailed press release regarding the proposed acquisition will be
announced on Wednesday the 27th in accordance with the Oslo Stock
Exchange regulations.

Ulrik Jansson, chairman of IGE commented; "We are pushing hard to get
into production and to get cash flow from the company's operations and
therefore, our intention is to, as soon as possible, complete the
acquisition. The action taken by the Auditor is irresponsible and
impossible for us to understand at this point. We are waiting for the
review that is prepared by the appointed law firm before we decide on
which actions to take. The Board´s overall focus is to create value for
all our shareholders and to protect the company from potential damage".

For additional information, please contact:

Ulrik Jansson

Chairman of the Board, IGE Resources AB

Tel: +46 70 813 22 02

E-mail: ulrik.jansson@crownenergy.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.