UPDATE PRIOR TO THE UPCOMING ANNUAL GENERAL MEETING - NEW MAJOR SHAREHOLDER

IGE Resources AB (publ.) ("IGE") reminds shareholders that the Annual
General Meeting is scheduled to be held on 2 August 2013 at 11 amat
Hotel Rica (conference premises: Stockholm Norra) with address
Slöjdgatan 7 in Stockholm. The deadline for notifying participation
expired on 29 July 2013.

Among the matters on the agenda is the election of new directors for the
board of IGE. According to the current articles of association, the
board shall consist of at least 3 and no more than 6 directors. The
current board consists of three directors. Participating shareholders
should be aware that current directors Arto Kuusinen and Jukka Kallio do
not wish to stand for re-election and will resign immediately following
the general meeting. The company does not have a nomination committee
and the board has not received any proposals for candidates to the board
of directors. Participating shareholders are strongly urged to put
forward candidates and elect a new board of directors at the Annual
General Meeting, failing which the company will not have a functioning
board and will not be able to operate and make decisions until a new
board has been elected.

The IGE board also notes the notification to the market dated 30 July
2013 that Amarant Mining Ltd has disposed of all its shares in IGE,
representing 29.7% of all outstanding shares. IGE has now been notified
that Altro Invest AB has acquired shares representing 29.7% of the
outstanding shares in IGE.


For additional information, please contact:

Terje Engstrøm Lien
President and CEO, IGE Resources AB
Tel: + 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 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.