IME Indicator Minerals Inc.

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Share Name	Share Symbol	Market	Type
Indicator Minerals Inc.	TSXV:IME	TSX Venture	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0	-

Indicator Minerals Grants 2,100,000 Stock Options

15/01/2011 12:40am

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Indicator Minerals Inc. (TSXV:IME)
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Indicator Minerals Inc. (TSX VENTURE: IME) ("Indicator" or the "Company") announced today that the Board of Directors has granted an aggregate of 2,100,000 stock options under the Company's Stock Option Plan, subject to regulatory approval.

The options are exercisable at a price of $0.18 per common share and expire on January 12, 2016. Directors and officers of the Company were allocated 1,040,000 of these options.

On behalf of the Board of Directors of Indicator

Indicator Minerals Inc.

Bruce Counts, P.Geoph., President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Indicator Minerals Inc. Bruce Counts President & CEO Toll Free: 1-877-331-4605 or 604-331-4605 604-331-4654 (FAX) www.indicatorminerals.com