Nickel Mountain is launching a deposit-wide mineralogy study of the Rönnbäcken Nickel Project

25 October, 2013

IGE Resources AB's subsidiary Nickel Mountain AB ("Nickel Mountain") is
launching a deposit-wide mineralogy study of the three deposits
comprising the Rönnbäcken Nickel Project; Sundsberget, Rönnbäcknaset and
Vinberget. The study will be undertaken by Vancouver GeoTech labs in
Vancouver, Canada using thin section microscopy to identify individual
mineral phases in approximately 560 samples. This program follows on
from an initial program of thin section mineralogy and petrography on 80
samples completed in April 2013.

These mineralogy studies are an important component of a prefeasibility
study (PFS) and need to be carried out early in the PFS process. The
results of the deposit-wide mineralogical studies will be integrated
with the results of the recently completed geometallurgical domain
study. The combined knowledge gained from the mineralogy and
geometallurgical studies will assist in the creation of a
geometallurgical domain model, which is used to predict the mining and
beneficiation properties of mineralisation. This resultant domain model
will be an important tool for the company's geologists and engineers
during pre-feasibility work on the Rönnbäcken Nickel Project.

The mineralogy study is expected to take 6 months to complete at a cost
of approximately US$100,000. Nickel Mountain will continuously receive
results from the studies, with final reporting anticipated for mid-2014.

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.