The Swedish Government dismisses appeals against the Exploitation Concessions Rönnbäcken K nr 1-3

IGE Resources AB's (OSE: IGE) subsidiary Nickel Mountain Resources AB is
now able to announce that the Swedish Government dismisses appeals
against the Exploitation Concessions Rönnbäcken K nr 1-3 of its 100%
owned Rönnbäcken Nickel Project in Northern Sweden.
In a decision today, the Government dismissed appeals from among others
Vapsten Reindeer Hearding Co-operative regarding the Chief Mine
Inspector's decision to grant the three exploitation concessions
Rönnbäcken K nr 1-3 to Nickel Mountain AB, a wholly owned subsidiary of
Nickel Mountain Resources AB.

The appellants had inter alia referred to the impact of the planned
mining activities on reindeer husbandry and nature and culture values in
the area. The area is of national interest for both valuable materials
and reindeer husbandry, and these interests were considered
incompatible. The Government therefore needed to assess which of these
interests would best promote a long-term use of the land, water and
other aspects of the physical environment.

The Government found in its decision that the national interest for
valuable materials should take precedence over the national interest for
reindeer husbandry. The Government considered that the planned mining
activities will give rise to significant national economic gains during
the time they are conducted. Thereafter the land will be reclaimed and
will be able to again be used for reindeer husbandry. The Government
also mentioned that the area of national interest for reindeer husbandry
is significantly larger than the area concerned in its decision. The
Government further considered that the activities will not significantly
harm the nature and culture values in the area.

The spokesman for Nickel Mountain, Fredric Bratt, is pleased that this
process has resulted in a clear decision about the Exploitation
Concessions: "The company may now focus on the preparations for a permit
application under the Environmental Code. This application will be tried
by the Environmental Court and the company will conduct the
investigations necessary for the Court's assessment. The drafting of an
environmental impact assessment will require consultations to be held
with affected authorities and stakeholders."

For more specific information with regard to Nickel Mountain and this
press-release, please contact:
Fredric Bratt
Director, Nickel Mountain Resources AB
Phone: +46 8 402 28 00 / Mobile: +46 762 35 32 60
E-mail: fredric.bratt@nickelmountain.se

For general information with regard to IGE Resources, please contact:
Stefan Persson
Chairman, IGE Resources AB
Phone: +46 8 402 28 00 / Mobile: +46 70 486 21 90
E-mail: info@ige.se

IGE Resources AB (publ) is a Swedish company headquartered in Stockholm.
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.