IGE Resources provides an update on on-going technical testwork programs at the Rönnbäcken Nickel Project.

IGE Resources AB's (OSE: IGE) is pleased to provide an update on
technical programs being carried out on the Rönnbäcken Nickel Project by
its subsidiary Nickel Mountain Resources AB, including the recent
receipt of results from an initial program of mineralogy.
At Nickel Mountain Resource AB's (Nickel Mountain) Rönnbäcken Nickel
Project (RNP), a number of activities have been ongoing for the last ten
months. These were aimed at gaining a better definition of technical
aspects of the project, and we are now in the process of receiving and
evaluating their results.

In February 2013, Eurus Mineral Consultants presented the results of
benchmarking analysis comparing RNP against other nickel deposits
worldwide, demonstrating that despite its low head grade Rönnbäcken
delivers similar or higher rates of nickel recovery, and its overall
flotation performance is better than that of other nickel ores.

At the end of April 2013, Nickel Mountain received the results of an
initial program of thin section mineralogy and petrography by Vancouver
GeoTech Labs, Canada, limited to 80 thin sections. The results of this
initial program confirmed earlier findings, but also identified the
presence of weathering related clays and different rock-textural
features that distinguish different geological units within the
deposits. The presence of clays in some of the mineralized material
could possibly affect flotation recovery and further investigation will
need to be undertaken. This study highlighted the need for additional
thin section mineralogy covering all of the deposits.

Nickel Mountain is also expecting to receive in the second quarter of
2013 the results of extensive domaining testwork being carried out by
Outotec (Finland) OY. The results of this geological-metallurgical
domaining test work, together with the findings of the other studies,
can be used to assist in planning future development work.

Nickel Mountain is still awaiting a decision by the Swedish Government
with regard to the appeals of three exploitation concessions Rönnbäcken
K nr 1-3.

"The extensive work carried out on the Rönnbäcken Nickel Project over
time is impressive, and the technical programs we are currently
undertaking add to the volume of documentation confirming the merits of
this project. I am proud that a small cap company such as IGE has been
able to grow and develop Rönnbäcken into a significant nickel project.
IGE has invested, over time, close to SEK 100 million in the project.
IGE has built a substantial asset in Rönnbäcken and plans to continue
developing this asset towards realizing its value. To this extent we
would seek a strong partner to work with us in undertaking the next
development phase for the project. Alternatively, we would consider a
good and fair purchase offer for the project.", commented Terje Engstrøm
-Lien, Interim President/CEO.

For more specific information with regard to this press-release, please
contact:

Terje Engstrøm Lien
President and CEO, IGE Resources AB
Phione: +47 926 15 167
E-mail: tel@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 sulphide 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.

Forward-Looking Statement
This press release contains or refers to forward-looking information,
including statements regarding estimates and/or assumptions about
potential mineralization, potential mineral resources as well as
assumptions on operational and permit conditions. This information is
based on current expectations that involve a number of business risks
and uncertainties. Actual results may vary from the forward-looking
information contained herein.

The Company provides this information to shareholders and analysts
because they are the key drivers of the business. Readers are cautioned
that this information may not be appropriate for other reasons. The
Company updates its Forward-looking Information as material information
becomes available.

Factors that could cause actual results to differ materially from any
forward-looking information include, but are not limited to, the
possibility that actual circumstances will differ from the estimates and
assumptions used in the potential of the Rönnbäcken Nickel Project, the
environmental and social cost of proceeding with any of the projects,
uncertainty relating to the availability and costs of financing needed
in the future, general business and economic conditions, inflation,
changes in exchange rates, fluctuations in commodity prices, delays in
the development of projects, changes in legislation governing emissions
into the air and water, waste, and the impact of future legislation and
regulations on expenses, capital expenditures and taxation and other
risks involved in the mineral exploration and development industry. When
used in this press release, words such as "schedule", "could", "plan",
"anticipate", "estimate", "expect", "believe", "intend", "may" and
similar expressions are forward-looking information.

This forward-looking Information represents the views as of the date of
this press release. The company anticipates that subsequent events and
developments may cause its views to change.