IGE Nordic is pleased to announce further positive results from its Rönnbäcken nickel project.

The recent highlights include:
• The core drilling program of 16,024 m and 98 holes was finished at the end of January 2009 with 41 holes and 7,916 m at Vinberget and 57 holes and 8,108 m at Rönnbäcksnäset
• All the assays have been received, except for 3 holes from Vinberget (expected at end February) and 7 holes from Rönnbäcksnäset (expected in early April)
• Excellent exploration potential
• The mineral resource estimate is expected in the second quarter
• The mineralogy study confirmed the presence of nickel-rich minerals
• First phase of the mineral process test work has been completed
• The preliminary study on the tailings location is done
• The environmental impact assessment outline has been approved
• The Company is looking into financing options to keep the project moving forward.

Vinberget
The spacing of the sections drilled at Vinberget is 50 m. Because of the steep terrain in the north, six holes were drilled from the top of the hill with two angled holes along strike and two holes each in two sections angled about 50 degrees to the strike. Another 100 m beyond VIN105, the most northern hole at Vinberget, the serpentinite is exposed at surface in outcrops towards the north.

The grades of Ni (AC) are homogenous and are in the range of 0.13-0.14 % Ni (AC), with the assays in north-west often higher in Ni (AC) than the rest of the Vinberget. The serpentinite strikes north-west south-east and dips almost vertically. See tables 1 and 2.

Rönnbäcksnäset
At Rönnbäcksnäset north, the distance between the sections are 100 m and down dip 50 m between the holes. At every second section, a deeper hole was drilled about 200 m down dip. The serpentinite is striking north-east south-west and dips about 50 degrees towards north-west. At Rönnbäcken north, all assays have been received but RON55, which has yet to be sampled and assayed.

At Rönnbäcken south, the distance between the sections are 200 m and along dip about 100 m. The strike length drilled at Rönnbäcksnäset south is about 1,000 m and along dip the holes vary from 300 to 550 m from the exposed serpentinite in outcrops and the deepest holes in the north. The serpentinite strikes east-west and the dip is about 25 to 35 degrees towards north. The thickness of the serpentinite is up to 260 m. At Rönnbäcksnäset south, twelve holes out of nineteen have been assayed. Lower grades of Ni (AC) are associated with a more mafic rock type, which is different to the serpentinite.

The grades at Rönnbäcksnäset are more variable and are in the range of 0.11-0.12 % Ni (AC). The upper part of the serpentinite in the north is often lower in grade than the lower part. In the south, the thickness of the serpentinite is higher than in the north, up to 260 m in hole RON201.

Very large volumes of exposed serpentinite are still untested on both Vinberget & Rönnbäcksnäset.

The drill program for the Rönnbäcken Project is the responsibility of Benny Mattsson, Exploration Manager of IGE Nordic. Benny Mattsson is registered as a Qualified Person (“QP”) with Swedish Association of Mines, Mineral and Metal Producers (“SveMin”).

See the attached pdf-file for the Rönnbäcken location map, and Vinberget and Rönnbäcksnäset drill holes and cross sections.

Table 1: The location of the holes for which assay values have been recently received.

Hole # Local N Local E Loc Azim North East Elevation Azimuth Dip Total length
(m) (m) (°) (m) (m) (m asl) (°) (°) (m)
VIN36* 750 435 83 7262709 1484041 664 38 -70 345
VIN38 750 430 266 7262704 1484036 663 221 -70 181
VIN39** 700 435 82 7262668 1484074 660 37 -70 356
VIN106 750 432 355 7262710 1484038 664 310 -75 314
VIN107 750 432 45 7262710 1484041 665 0 -50 287
VIN108 750 435 45 7262710 1484041 664 0 -70 343
VIN109 750 432 315 7262714 1484045 664 270 -75 236
VIN110 750 432 315 7262714 1484045 664 270 -50 151

RON73 500 840 83 7268114 1481089 549 103 -50 107
RON77 400 810 93 7268030 1481029 551 113 -50 116
RON78 300 800 90 7267941 1480981 549 110 -50 146
RON80 315 900 89 7267924 1481082 565 109 -50 47
RON83 200 575 89 7267919 1480736 505 109 -60 218
RON84 400 600 90 7268101 1480826 516 110 -60 220
RON86 800 510 88 7268495 1480864 504 108 -60 194
RON88 1200 510 92 7268892 1481010 459 112 -60 239
RON89 465 0 179 7267650 1480321 420 169 -60 251
RON92 610 0 180 7267791 1480300 427 170 -50 228
RON93 340 400 183 7267593 1480744 496 173 -60 83
RON94 440 400 180 7267699 1480726 495 170 -60 155
RON95 540 400 183 7267800 1480712 497 173 -60 179
RON97 440 200 185 7267660 1480530 461 175 -60 179
RON98 340 200 180 7267564 1480548 466 170 -60 89
RON99 380 -200 180 7267543 1480152 404 170 -60 107
RON200 480 -200 180 7267634 1480134 419 170 -60 179
















Table 2: Most recent assays values from the 2008 Rönnbäcken drilling program.

Hole # Section From To Length Total Ni Ni-AC Total Co Total S
Local grid (m) (m) (m) (%) (%) (%) (%)
VIN36* 750 N 0.2 342.1 341.9 0.19 0.15 0.010 0.11
VIN38 750 N 0.5 175.9 175.4 0.19 0.14 0.009 0.24
VIN106 750 N 0.4 293.1 292.7 0.19 0.14 0.009 0.10
VIN107 750 N 0.1 286.0 285.9 0.18 0.14 0.009 0.11
VIN108 750 N 0.5 337.5 337.0 0.19 0.14 0.009 0.12
VIN109 750 N 0.4 210.4 210.0 0.19 0.14 0.009 0.11
VIN110 750 N 0.5 137.4 136.9 0.18 0.14 0.009 0.12
VIN39** 700 N 0.0 348.1 348.1 0.19 0.13 0.010 0.09

RON88 1200 N 196.0 232.0 36.0 0.19 0.11 0.009 0.08
RON86 800 N 14.0 122.0 136.0 0.15 0.07 0.008 0.08
RON73 500 N 62.0 96.4 34.4 0.19 0.11 0.009 0.06
RON77 400 N 54.0 98.0 44.0 0.18 0.10 0.009 0.06
RON84 400 N 150.0 219.3 69.3 0.18 0.09 0.009 0.06
192.0 219.3 27.3 0.20 0.12 0.010 0.07
RON78 300 N 104.0 132.0 28.0 0.21 0.11 0.009 0.07
RON80 315 N 18 42.0 24.0 0.19 0.11 0.009 0.09
RON83 200 N 148.0 206.5 58.5 0.19 0.12 0.009 0.05
RON93 400 E 22.0 82.35 60.35 0.18 0.12 0.010 0.06
RON94 400 E 4.0 90.0 86.0 0.19 0.10 0.009 0.06
116.0 132.0 16.0 0.15 0.11 0.009 0.07
RON95 400 E 50.0 178.2 128.0 0.19 0.12 0.009 0.05
RON97 200 E 21.8 142.4 120.6 0.17 0.11 0.009 0.06
RON98 200 E 4.8 84.5 79.7 0.18 0.11 0.010 0.05
RON89 0 E 17.1 140.8 123.7 0.16 0.11 0.009 0.06
RON92 0 E 16.1 206.0 189.9 0.18 0.11 0.009 0.05
RON99 200 W 8.3 48.0 39.7 0.17 0.11 0.009 0.07
200 W 78.0 98.0 20.0 0.15 0.10 0.008 0.05
RON200 200 W 6.0 170.0 164.0 0.16 0.10 0.009 0.05
6.0 142.0 136.0 0.17 0.11 0.009 0.05

* Extended hole VIN36 182-298
** Extended hole VIN39 170.4-350
Ni (AC) is the grade of nickel in sulphides dissolved with ammonium citrate.

For more information on how the samples were prepared, please see the Rönnbäcken press release dated November 19, 2008.

A mineral resource estimate is expected in the second quarter of 2009.




Completed Mineralogical Study
• The objective of the study was to characterize the Ni-bearing species in each composite and to produce quantitative measurements of Ni mineralogy as a basis for comparison to total nickel and sulphide nickel chemical assays.
• Four composites from the Rönnbäcken nickel deposit were sent for mineralogical testing by Xstrata Process Support (“XPS”), Sudbury, Canada, using QEMSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscope) and EPMA (Electron Probe Micro Analyser).
• The results include:
o Recoverable nickel occurs as three sulphide minerals with differing contents of nickel – heazlewoodite with 71-75% Ni, millerite with 61-65% Ni and pentlandite with 38-40% Ni.
o Cobalt is held in pentlandite, millerite and cobaltite and is potentially recoverable.
• The results are encouraging because.
o Characterization of nickel mineralogy fits well with both total nickel and sulphide nickel assays obtained by IGE.
o Mineralogy supports the sulphide nickel method used by IGE.
o The ALS Chemex lab assays, using the ammonium citrate method, agree well with those performed by Labtium in Finland for IGE.

First Phase of the Mineral Process Test Work Has Been Completed
• Outotec Minerals Oy of Finland has completed basic introductory rougher flotation tests on selected drill cores. The key design parameters have been identified and they will form the basis for the process optimization study. Representative mineral composites from Vinberget (and later on Rönnbäcksnäset) are being prepared for these tests.

Completed Preliminary Study on the Tailings Location
• A conceptual study on location of the tailings facilities has presented alternatives for tailings disposal above and under water. Under water tailings offer environmental advantages both during operation and after mine closure.

Approval of the Environmental Impact Assessment Outline
• An Environmental Impact Assessment is required to obtain the Exploitation Concession. On December 5, 2008, an outline was presented and approved by the County Administrative Authority in Västerbotten.

Financing Options
• The Company is looking into financing options to continue to move the project forward.


Forward-Looking Statement
This press release contains or refers to forward-looking information, including statements regarding estimates and/or assumptions about potential mineralization, potential mineral resources and reserves, Rönnbäcken project development, recoveries and grades for concentrate, the ability of the Company to create strategic partnerships and is based on current expectations that involve a number of business risks and uncertainties. Actual results may vary from the forward-looking information contained herein.

The Company provides this information to shareholders and analysts because they are the key drivers of the business. Readers are cautioned that this information may not be appropriate for other reasons. The Company updates its Forward-looking Information as material information becomes available.

Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, failure to establish an estimated mineral resources and reserves, the possibility that actual circumstances will differ from the estimates and assumptions used in the potential of Rönnbäcken Nickel Project (there is no certainty that the concentrate grade or recoveries proposed will be achieved), the environmental and social cost of proceeding with any of the projects, uncertainty relating to the availability and costs of financing needed in the future, general business and economic conditions, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, changes in legislation governing emissions into the air and water, waste, and the impact of future legislation and regulations on expenses, capital expenditures and taxation and other risks involved in the mineral exploration and development industry. When used in this press release, words such as "schedule", "could", "plan", "anticipate", "estimate", "expect", "believe", "intend", "may" and similar expressions are forward-looking information.

This forward-looking Information represents the views as of the date of this press release. The company anticipates that subsequent events and developments may cause its views to change.


For further information, please contact:

Fredric Bratt, CEO IGE Nordic AB
Mobile: +46 762 35 32 60
E-mail: fredric.bratt@igenordic.se

Benny Mattsson, Exploration Manager
Mobile: +46 703 19 93 56
E-mail: benny.mattsson@igenordic.se