Indicator Minerals Appoints New Chief Financial Officer

Indicator Minerals Inc. (TSX VENTURE:IME) today announced the appointment of Mr.
Jonathan Singh as the Company's new Chief Financial Officer. 


"We are pleased to have Jonathan in the role of CFO at Indicator and I look
forward to his contributions to the Company's strategic and financial planning,"
says Bruce Counts, President and CEO. "Jonathan's experience in the resource
industry adds further breadth to our management expertise. Indicator thanks
former CFO, Mr. Andrew Wilton, for his tireless contributions and wishes him all
the best in his future endeavours."


Mr. Singh is a member of the Association of Certified General Accountants of BC
and Canada and has over 17 years of experience in the various areas of tax,
financial reporting, internal audit and treasury, in both publicly traded
resource companies and public practice accounting firms. Prior to joining
Indicator Minerals Inc., Mr. Singh held various financial roles in the resource
industry, including serving as corporate controller for Magma Energy Corp. and
Silver Standard Resources Inc. as well as working at KPMG in their tax group.
Mr. Singh holds a Bachelor of Accounting Science degree from the University of
Calgary.


About Indicator Minerals:

Indicator Minerals Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. The company has
assembled a highly qualified technical team to focus on advancing its
early-stage Mohave Copper Porphyry project in north-western Arizona.


Indicator Minerals Ltd. is a member of the Discovery Group of companies, for
more information on the group visit www.discoveryexp.com.


On behalf of the Board

Indicator Minerals Inc.

Bruce Counts, P.Geoph., President & CEO