IGE: IGE Resources Announces Appointment of New CEO

IGE Resources AB (publ), to be renamed Nickel Mountain Group AB,
announces that the company has appointed Torbjörn Ranta as the new CEO
of IGE Resources AB and its subsidiary Nickel Mountain Resources AB
(publ) as of January 1st 2014. Mr Ranta has over 15 years of business
experience from the natural resources sector and has served as CEO for
several companies, including Vostok Nafta (equity investments in the oil
& gas sector), Vostok Oil (oil production) and Central Asia Gold (gold
production).

Torbjörn Ranta will replace Björn Rohdin, who has been Acting CEO and
member of the board since the Annual General Meeting held on August 2nd
2013. Björn has worked with the board to restructure the group and
secure financing. Björn Rohdin will continue to stay on as a member of
the board. "Now, when the first turnaround period has been completed and
it is time to advance the Rönnbäcken Nickel Project, we are very pleased
to engage Torbjörn Ranta to work with us" commented Björn Rohdin.

Torbjörn Ranta will be assisted by an experienced project team, headed
by Rolf Ritzén as Project Manager. Ritzén has over 30 years of
experience from international mine/mill management in base metals. He
has worked over 10 years as General Manager of Boliden's Aitik copper
-gold open pit mine in Northern Sweden, and was involved in the
Definitive Feasibility Study for the Aitik expansion project from 18
million tonnes to 36 million tonnes per year. Since 2008 Rolf Ritzén has
been assisting the Rönnbäcken Project in various areas including the
preliminary mine plan and infrastructure aspects of the project. Rolf
Ritzén lives and has spent most of his career in Northern Sweden. The
project team will consist of several other experienced specialists
including Nickel Mountain's Chief Geologist Johan Sjöberg (formerly at
Dragon Mining's Svartliden mine in the Storuman municipality, where he
worked in several geology roles including mine geologist and near mine
exploration), the metallurgist Martyn Hay of Eurus Minerals Consultants,
and Lars Carnerud (consultant on Community Dialogue) who has worked 30
years for Boliden in various senior positions.

Therefore, Fredric Bratt considers that it is now possible to move on
and has resigned from Nickel Mountain Resources to assume a new position
in another company. "We have achieved a number of milestones over the
past 6 years, culminating in a significant NI 43-101 compliant resource
of 668 million tonnes in the Measured and Indicated categories, and
three exploitation concessions. We have progressed the Rönnbäcken Nickel
Project from early stage exploration to one of the largest nickel
sulphide projects in Europe, now ready to enter the Pre-Feasibility
stage and commence the studies required for an Environmental Permit
application."

Chairman, Stefan Persson commented "Fredric Bratt has played a key role
in advancing the Rönnbäcken project to where it is today. I would like
to thank him for his leadership, contributions and commitment to the
project. We wish him every success."

"With Mr. Ranta's strong background, supported by the existing board and
an experienced project team, and the restructuring of IGE Resources into
one company dedicated to the Rönnbäcken asset, we now have a solid base
for advancing the nickel project," added Mr. Persson.

For further information please contact

Stefan Persson
Chairman, IGE Resources AB (publ)
Tel: +46 8 402 28 00 / Mobil: +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.