VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2011) - 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

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