International Gold Exploration: BURUNDI’S PRESIDENT TO VISIT SWEDEN - INTERNATIONAL GOLD EXPLORATION IGE AB ONE OF THE INITIATORS OF THE VISIT

As a part of International Gold Exploration IGE AB:s (IGE) application process for a Nickel project in Burundi, the Burundian President Pierre Nkurunziza will visit Sweden and meet IGE and other representatives from the Swedish Industries. The visit will take place on October 2-4, 2008. The President will participate in a seminar in Stockholm and visit the LKAB’s iron ore mine in Kiruna, Sweden. The visit creates opportunities for Swedish companies to position themselves in an early development stage project in Burundi, a country that is just starting to develop its natural resources.

The visit of Burundi’s President to Sweden provides Swedish companies with an opportunity to establish a relationship and to participate in Burundi’s early stage development, as well as contribute to creating sustainable economic development in the country. Representatives of the Swedish mining industry have received invitations and have shown great interest in the President’s visit. Historically, Swedish companies have viewed African nations more as countries receiving development aid than as places to do business. However in recent years, there has been a distinct change and now there is a growing interest in Africa as a business and trade partner. At the same time, smaller companies are interested in Africa as well, even if the large multinational corporations still are the most active.

“The focus of IGE’s interest is to be granted the license for a major Nickel project, which is one of the largest known undeveloped Nickel deposits in the world. IGE is applying for the license together with MRG (Mitchell River Group) which has established three significant Nickel mines over the past 5 years, among which the Munali Nickel mine in Zambia. Our presence in Burundi will contribute to the country’s development, not only in the mining sector but also to its infrastructure, energy and agriculture. Trade relations between Sweden and Burundi will thereby be strengthened and enhanced, and contribute to a sustainable economic and social development”, says Tomas Fellbom, CEO of IGE.

Minerals contribute to a significant part of the country’s natural resources. Major nickel discoveries have been made in the country and have not yet been developed. Important deposits include Musongati, Nyabikere and Waga. It is estimated that the whole country contains nickel resources with a value exceeding USD 50 billion. Their potential development will have positive effects on other sectors than the mining sectors as well, mainly within infrastructure and energy, but also on the agriculture and the service sector.

For further information, please contact:

Tomas Fellbom

CEO, International Gold Exploration IGE AB

Telephone: +46 8 20 46 09 / +46 73 322 57 86

E-mail: tomas.fellbom@ige.se

Thomas Carlsson

CFO, International Gold Exploration IGE AB

Telephone: +46 8 20 46 09 / +46 70 552 26 22

E-mail: thomas.carlsson@ige.se

International Gold Exploration IGE AB (publ), is a Swedish exploration and mining group focused on diamonds, nickel and gold. In 2008, the Company is starting up an alluvial diamond mine in Angola and a gold mine in Kenya. IGE has a large portfolio of projects in Angola, Kenya, Burundi, Sweden and Norway. Its shares are listed on the Oslo Stock Exchange and on the Swedish NGM-equity list. IGE has its headquarter and its senior management in Stockholm. For more information, visit

www.ige.se

Company information

International Gold Exploration

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