Indigo Exploration Updates

Indigo Exploration Inc. Announces $2,100,000 Private Placement

info@indigoexploration.com (Sandy) — Wed, 15 Dec 2010 14:41:04 GMT

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Release 10-19

December 15, 2010 – Indigo Exploration Inc. ("Indigo" or the "Company") (TSX-V: IXI) is pleased to announce that it has arranged a non-brokered private placement of up to 7,000,000 units of the Company (the “Units”) at a price of $0.30 per Unit for gross proceeds of up to $2,100,000. Each Unit will consist of one common share and one-half of one common share purchase warrant (“Warrant"). Each full Warrant will entitle the holder to purchase one common share of the Company for a period of eighteen months from the closing date, at an exercise price of $0.50 per common share. If during the exercise period of the Warrants, subsequent to the regulatory hold period, the closing price of Indigo’s common shares is $0.75 per share for 20 consecutive trading days, the Company may accelerate the expiry time of the Warrants to 20 calendar days from the date written notice is provided to the Warrant holders.

The Company has agreed to allocate a portion of the Offering to subscribers found by Axemen Resource Capital Ltd., an Exempt Market Dealer, and may agree to similar allocations to other exempt market or investment dealers. The Company will pay finder’s fees equal to 5.0% of subscription amounts found, payable in cash or Units at the finder’s option, plus issue finder’s warrants in an amount equal to 5.0% of Units subscribed for, with each such finder’s warrant exercisable into one common share of the Company at a price of CDN $0.35 for 18 months from closing.

Closing of the Offering is anticipated to occur on or before January 10^th, 2011 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing.

The proceeds from the Offering will be used to accelerate and increase the scope and size of exploration activities on Indigo’s gold exploration properties in Burkina Faso - Africa, primarily on the Moule, Lati and Kodyel permits, and for general working capital purposes.

For additional information please visit the Company’s website at www.indigoexploration.com .

For further information contact:

Tim Henneberry

President and CEO

Indigo Exploration Inc.

880 – 580 Hornby Street

Vancouver B.C., V6C 3B6

604-681-3422

thenneberry@indigoexploration.com

The Units have not been registered under the United States Securities Act of 1933, as amended (US Securities Act), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy such Units in any jurisdiction in which such an offer or sale would be unlawful.

Certain statements in this press release may be considered forward-looking information, including those relating to the "expectations", "intentions" or "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the approvals of regulators, availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by law, whether as a result of new information, future events or otherwise.

Neither 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.

Indigo Signs Drill Contract for Moule Gold Permit in Burkina Faso

info@indigoexploration.com (Sandy) — Wed, 10 Nov 2010 14:41:01 GMT

November 10, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that it has signed a contract for up to 5,000 metres of air core and reverse circulation drilling with West African Drilling Services (WADS) for Indigo's Moule Gold Permit. The drill rig is expected on site to begin drilling shallow oxide targets by late November.

Multiple gold anomalies have been identified to date on Moule based on a multi-disciplinary approach including mapping, soil and rock sampling and Induced Potential (IP) geophysical ground surveys. Sampling on the permit has encountered mineralization as high as 16.5 g/t Au to date. The Company believes the Moule permit has the potential to host a large near-surface, bulk tonnage gold deposit. After beginning field work last month, the first ever drill campaign to be conducted on Moule will be focused on two high priority anomalies: Zelingpe 1 and Zelingpe 2, within the large 5 kilometre by 2.5 kilometre Zelingpe grid.

The 1.0 kilometre long by 120 metre wide Zelingpe 1 anomaly is covered by a resistant laterite plateau. The IP Survey penetrated the hardcap plateau and identified a strong coincident IP chargeability high and resistivity low, a geophysical signature suggestive of disseminated sulfide and quartz veins. The edges of the laterite plateau have eroded near the fringes of the anomaly, casting anomalous gold values into soils to the east, west and south. An area of eluvial workings and artisanal pits is located immediately west and on the southwest fringe of the Zelingpe 1 anomaly. There are also soil values to the east and south of the plateau edge with anomalous values to 1,865 ppb Au.

The Zelingpe 2 anomaly lies approximately 500 metres southeast of the Zelingpe 1 anomaly and and consists of two parallel northeast-trending quartz vein swarms 500 metres apart, both with associated strong coincident IP chargeability high and resistivity low geophysical signatures. Each trend is traceable for 1.4 kilometres by elevated gold values in soils, rock sampling and geophysical anomalies. Recent artisanal workings have appeared on one trend. Indigo crews are currently in the field, sampling the artisanal workings and quartz float along the strike length of the trends.

Once the first pass drilling is completed on Zelingpe 1 and 2 anomalies, field crews will commence a soil grid over additional quartz trends. The soil grid sampling is planned to generate additional drill targets for continuation of drilling on the Moule permit in early 2011.

Indigo is earning a 100% interest, subject to a 1.5% Net Smelter Return (NSR) royalty in the Moule Gold Permit by making cash payments totalling US$410,000 over 3 years. Indigo retains the right to purchase the entire 1.5% NSR for US$1,800,000.

About Burkina Faso

The Moule property lies in the West African nation of Burkina Faso. Much of West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world. Many of the world’s major gold companies are active in West Africa, several with producing mines, including: IAMGOLD Corporation, AngloGold Ashanti Limited, Randgold Resources Limited, Gold Fields Limited and Newmont Mining Corporation. Burkina Faso is politically and economically stable and relies on farming and mining as it primary sources of revenue.

On Behalf of the Board of Directors,

“R. Tim Henneberry”

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

Tim Henneberry: (604) 681-3422

Paul Cowley, P.Geo., Director of Indigo Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

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

Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, exploration plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

Indigo Commences Work on Moule Gold Permit in Burkina Faso

info@indigoexploration.com (Sandy) — Thu, 14 Oct 2010 16:10:36 GMT

October 14, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that it has started a comprehensive fall 2010 sampling exploration program on its Moule Gold Permit in Burkina Faso, West Africa, in preparation for drilling expected to follow next month. The program will consist of rock and soil sampling and trenching focused in areas that previously graded greater than 1g/t Au. Results of the sampling program will be used to optimize and rank the sequence of the multiple drill targets.

The Moule Gold Permit covers 249 square kilometres of prospective Birimian greenstone geology. Much of West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world.

Past and current artisanal workings are scattered over the entire Moule permit. To date, there has been property-wide mapping and sampling of quartz veining and quartz float. Previous explorers subsequently focussed their efforts in a 7 kilometre by 6 kilometre area with a soil grid, detailed mapping and local induced polarization (IP) survey. Rock sampling on this grid returned 46 of 480 grab samples with gold values between 1 g/t Au and 16.5 g/t Au. Multiple long and wide linear targets are evident within the grid. One target is a 500 metre wide northwest trending corridor, traceable for at least 1.6 kilometres, where multiple shear zones and parallel multiple quartz float trends have coincident chargeability, elevated gold soil anomalies and local artisanal workings. A second target is a 2.5 kilometre long linear gold soil anomaly with coincident quartz float, chargeability high and local artisanal workings. A third target is a 0.8 kilometre long trend of quartz veining which can swarm to at least 50 metres wide, where grab samples reached a high of 7 g/t Au. In addition, other quartz trends on the property with elevated gold values in soils and rocks and local artisanal workings are worthy of future attention. Indigo geologists have identified multiple prospective targets for bulk tonnage gold systems, based on the artisanal workings combined with previous sampling programs.

Indigo plans an initial program of rock sampling, trenching and soil geochemistry over selected quartz trends to optimize drill targets. A phase one combination air core/reverse circulation drilling program up to 5,000 metres is scheduled for late November.

About Burkina Faso

In other news, Simon Tam has stepped down as a director. The board would like to extend their appreciation to Simon for his contributions to the Company.

On Behalf of the Board of Directors,

“R. Tim Henneberry”

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

Tim Henneberry: (604) 681-3422

Paul Cowley, P.Geo., Director of Indigo Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

Forward-Looking Statements

Indigo Exploration Welcomes Arden “Buck” Morrow to the Board of Directors and Grants Stock ...

info@indigoexploration.com (Sandy) — Wed, 29 Sep 2010 13:43:52 GMT

September 29, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) has appointed Arden “Buck” Morrow to the Board of Directors.

Mr. Morrow is a graduate Mining Engineer from the Mackay School of Mines at the University of Nevada, Reno. He has over 30 years' experience in mineral exploration, mine development, and mine operations, in North America, South America, Asia, and Europe. From 1980 to 2001, he was the President of Western States Minerals Corporation which, under his direction, discovered and brought into production some of Nevada's most significant gold deposits including Barrick's Goldstrike mine. From 2001 to 2004 Mr. Morrow worked as a consultant in gold exploration, mine development, and mine financing. In 2004 he joined Northland Resources, serving as Director, President and CEO until November 2009 when he resigned as President and CEO, but continues to serve as a Director. Mr. Morrow served as the Chairman of Wega Mining during 2009, at which time Wega merged with Avocet Mining PLC to complete the construction of the Inata Gold Mine and associated mill facility in Burkina Faso.

Also, effective September 28, 2010, the Company has granted a total of 100,000 stock options to a director, pursuant to the terms and conditions of the Company’s stock option plan. The options are exercisable at a price of $0.20 per share, on or before September 28, 2015.

On Behalf of the Board of Directors,

“R. Tim Henneberry”

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

Tim Henneberry: (604) 681-3422

Neither the TSX Venture Exchange nor its Regulations 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.

Indigo Exploration Engages Contact Financial For Investor Relations Services and Grants Stock ...

info@indigoexploration.com (Sandy) — Mon, 09 Aug 2010 13:59:52 GMT

August 9, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. has engaged Contact Financial Corp. to develop and execute a comprehensive marketing and investor-communications program to help raise awareness of the Company over a three-month renewable term, subject to TSX Venture Exchange approval.

Contact Financial is a strategic marketing and communications firm, based in Vancouver, B.C., which will seek to increase Indigo's exposure throughout the global investment community. Contact Financial will be responsible for providing advice to the company with respect to producing and distributing effective marketing communication tools, and increasing awareness with private investors, analysts, brokers, money managers and other financial professionals. For more information please visit Contact Financial's website (www.contactfinancial.com).

Contact Financial is at arm's length to Indigo, and, to the Company's knowledge, neither Contact Financial nor its principals presently have any interest, direct or indirect, in Indigo or its securities, or any right or intent to acquire such an interest, save and except for 70,000 common shares.

Under the renewable agreement, Contact Financial will receive a fee of $8,000 per month for the initial three month term and then $8,000 per month, on a month-to-month basis, thereafter.

Also, effective August 9, 2010, the Company has granted a total of 1,075,000 stock options to directors, officers and consultants, including 100,000 stock options granted to Contact Financial, pursuant to the terms and conditions of the Company’s stock option plan. The options are exercisable at a price of $0.20 per share, on or before August 9, 2015. The stock options granted to Contact Financial will be vested at 25% every three months over the first year.

On Behalf of the Board of Directors,

“R. Tim Henneberry”

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

Tim Henneberry: (604) 681-3422

Forward-Looking Statements

This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that Indigo believes, expects or anticipates will or may occur in the future including Indigo’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

Indigo Exploration Closes Non-Brokered Private Placement

info@indigoexploration.com (Sandy) — Thu, 29 Jul 2010 16:26:19 GMT

July 28, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that it has closed a non-brokered private placement financing of 250,000 units at a price of $0.20 per unit, for gross proceeds of $50,000. There will be no further closings connected with the private placement. Each unit will consist of one common share of Indigo and one share purchase warrant entitling the holder to purchase one additional common share of Indigo at a price of $0.30 per share, for a period of one year from the date of closing. If during the exercise period of the warrants the closing price of Indigo’s shares is $0.45 per share or higher for 20 consecutive trading days, the Company may accelerate the expiry time of the warrants to 20 calendar days from the date written notice of same is provided to the holders.

In connection with the private placement, the Company has paid finder’s fees totalling $5,000 to certain finders and has issued 20,000 finder’s warrants. Each finder’s warrant entitles the holder to acquire one additional common share of the Company at a price of $0.30 per share, for a period of one year from the date of closing. If during the exercise period of the finder’s warrants the closing price of Indigo’s shares is $0.45 per share or higher for 20 consecutive trading days, the Company may accelerate the expiry time of the finder’s warrants to 20 calendar days from the date written notice of same is provided to the holders.

Securities issued pursuant to the private placement are subject to a four month hold until November 28, 2010.

The proceeds of the Offering will be used to conduct exploration activities on Indigo’s properties in Burkina Faso and for working capital.

On Behalf of the Board of Directors,

“R. Tim Henneberry”

R.Tim Henneberry, P.Geo.

President and CEO

For further information, please contact:

Tim Henneberry: (604) 681-3422

Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that Indigo believes, expects or anticipates will or may occur in the future including Indigo’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.

Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by Indigo’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Indigo to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to risks related to the exploration and potential development of Indigo’s projects, risks related to international operations, the conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as risk factors discussed in certain of Indigo’s continuous disclosure documents filed on SEDAR.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

Indigo Exploration Arranges Non-Brokered Private Placement

designer@sandmanmedia.com (designer) — Wed, 07 Jul 2010 16:33:06 GMT

July 7, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that it has arranged a private placement financing of up to 2,000,000 units at a price of $0.20 per unit, for gross proceeds of up to $400,000 (the "Offering"), subject to TSX Venture Exchange approval. Each unit will consist of one common share of Indigo and one share purchase warrant entitling the holder to purchase one additional common share of Indigo at a price of $0.30 per share, for a period of one year from the date of closing. If during the exercise period of the Warrants the closing price of Indigo's shares is $0.45 per share or higher for 20 consecutive trading days, the Company may accelerate the expiry time of the Warrants to 20 calendar days from the date written notice of same is provided to the holders.

Finders' fees may be payable in connection with the Offering.

The proceeds of the Offering will be used to conduct exploration activities on Indigo's properties in Burkina Faso and for working capital.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact:
Tim Henneberry: (604) 681-3422

Forward-Looking Statements

_{This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that Indigo believes, expects or anticipates will or may occur in the future including Indigo's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.}

_{Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by Indigo's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Indigo to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: inability to enter into a final binding agreement with respect to Sanu Burkina, risks related to the exploration and potential development of Indigo's projects, risks related to international operations, the conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as risk factors discussed in certain of Indigo's continuous disclosure documents filed on SEDAR.}

_{There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, Indigo does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.}

Indigo Exploration Welcomes Dr. Demetrius Pohl to its Advisory Board

designer@sandmanmedia.com (designer) — Wed, 07 Jul 2010 16:32:17 GMT

July 7, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) is also pleased to report that Dr. Demetrius Pohl has joined the Company’s Advisory Board. Dr. Pohl was a founding director of Sanu Resources Ltd. and was instrumental in assembling the land package in Burkina Faso that Indigo has recently acquired from NGEx Resources Inc. Dr. Pohl spent 9 years working in West and East Africa as the principal geologist for BHP Minerals Africa, primarily engaged in gold exploration during the period from the late 1980’s to mid-1990’s. He was involved in the early identification and development of the Syama and Sadiola deposits in Mali, the Essakane deposit in Burkina Faso, and the Golden Pride deposit in Tanzania.

Dr. Pohl began his career in the West Australian nickel fields where he was credited with the discovery of the Dordie North nickel mine while working for Anaconda. A stint with Esso Minerals provided experience in uranium exploration, porphyry copper and massive sulfide deposits in northern Australia before his transfer to South Africa where he lead a team exploring for Broken Hill-type zinc-lead deposits. His other experience, after obtaining his Ph.D. in geochemistry from Stanford University, includes research on epithermal ‘bonanza’ silver deposits at the American Museum of Natural History and teaching at Columbia University.

On Behalf of the Board of Directors,

“R. Tim Henneberry”

R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact:
Tim Henneberry: (604) 681-3422

Indigo Exploration Announces Release from Escrow of Financing Funds and Conversion of ...

designer@sandmanmedia.com (designer) — Wed, 07 Jul 2010 16:26:40 GMT

July 7, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that further to its news release of June 28, 2010 announcing the closing of a private placement of subscription receipts, the gross proceeds of $1,037,000 received from the sale of 5,185,000 subscription receipts (the "Subscription Receipts") at a price of $0.20 per Subscription Receipt have been released from escrow by Computershare Trust Company of Canada ("Computershare"), acting as subscription receipt agent. Computershare has issued 5,185,000 common shares (the "Shares") of the Company and 5,185,000 non‑transferable share purchase warrants (the "Warrants") upon conversion of the Subscription Receipts. Each Warrant entitles the holder to purchase one additional share of the Company at a price of $0.30 per share until June 25, 2011. If during the exercise period of the Warrants the closing price of the Company's shares is $0.45 per share or higher for 20 consecutive trading days, the Company may accelerate the expiry time of the Warrants to 20 calendar days from the date written notice of same is provided to the holders. The Shares and Warrants are subject to resale restrictions until October 26, 2010.

The Subscription Receipts were sold on a private placement basis. In connection with the offering of the Subscription Receipts, the Company has paid finder's fees to certain finders. An aggregate of $78,960 was paid to finders and an aggregate of 344,800 finder's warrants (the "Finder's Warrants") were issued to finders. Each Finder's Warrant entitles the holder to acquire one common share of the Company at a price of $0.30 per share until June 25, 2011. If during the exercise period of the Finder's Warrants the closing price of the Company's shares is $0.45 per share or higher for 20 consecutive trading days, the Company may accelerate the expiry time of the Finder's Warrants to 20 calendar days from the date written notice of same is provided to the holders. The Finder's Warrants are subject to resale restrictions until October 31, 2010.

On Behalf of the Board of Directors,

"R. Tim Henneberry"

R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact:
Tim Henneberry: (604) 681-3422

Forward-Looking Statements

Indigo Closes Share Purchase Agreement and Acquires the Burkina Faso Subsidiary of NGEx ...

designer@sandmanmedia.com (designer) — Wed, 30 Jun 2010 20:00:00 GMT

June 30, 2010 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that it has closed the Share Purchase Agreement and has acquired all of the issued and outstanding shares of Sanu Resources Burkina Faso SARL, (“Sanu Burkina”) formerly an indirectly owned subsidiary of NGEx Resources Inc. NGEx is a mineral exploration company listed on the TSX and which trades under the symbol “NGQ”. The primary assets of Sanu Burkina consist of four gold mineral exploration permits in the Republic of Burkina Faso, West Africa. The consideration for the Acquisition was Cdn$65,000 and 3,000,000 common shares of Indigo. The $65,000 has been paid and the Company has issued the 3,000,000 shares to NGEx. The shares are subject to a four month hold until October 31, 2010.

The Burkina Faso property package consists of four exploration permits in greenstone belts that contain significant gold discoveries: Kodyel, Tordo, Lati and Loto. The four permits held by Sanu Burkina are government granted licenses. The following description of the four permits is summarized from the individual 43-101 Technical Reports by Christopher J. Wild, P.Eng., an independent Qualified Person as defined in National Instrument 43-101. Technical reports on each of the four permits can be found under the Company’s profile on SEDAR.

Kodyel Exploration Permit
The Kodyel permit lies close to the Niger border approximately 300km east of Ouagadougou. Access is by paved road as far as Fada N’gourma about 200km east of Ouagadougou and thence by laterite roads.The Kodyel permit covers an extension of the Sirba greenstone belt that hosts the Samira Hill gold mine just across the border in Niger. The Kodyel permit is traversed by a regional northeast-trending fault that stretches from Ghana to Niger and separates the mafic and felsic volcanics and metasedimentary rocks of the Fada belt from the migmatites and granites to the northwest. There are several active artisanal workings within the permit, including: Hantekoura (CFA), Kodyel 1, Tangounga and Songonduari.

The Hantekoura orpaillage consists of a series of pits and cuts oriented at 060^o over 550 metres strike. Mineralization consists of quartz veins, 5 – 25 centimetres thick, hosted in intermediate tuffs near the granite contact. The Kodyel 1 site consists of a large cut 70 metres long and up to 40 metres wide, exploiting strongly kaolinitized and sheared rocks hosting white and rose quartz veins in a zone striking to the northeast and dipping to the northwest and southeast. Tangounga hosts multiple massive quartz veins 1-5 metres wide outcropping over more than 400 metres. Local miners have been working at to a depth of over 7 metres. Songonduari is located near the Niger border and was the site of a recent gold rush involving up to 10,000 artisanal miners. Highlights of grab samples of quartz from artisanal gold mining sites on veining, and alteration, within intermediate tuffs and highly altered, sheared and kaolinized felsic volcanics include 7 gpt Au and 9 gpt Au. A large part of the permit including the major Tangounga artisanal mining site remains unexplored.

The permit was held from 1995-1997 by SEMAFO who drilled over 493 RAB, 26 RC and 12 DD holes into the CFA prospect and outlined a small resource. The best intersection was Hole 196 with 43m of 4.3 gpt Au.

The permit is 100% owned by Sanu Burkina.

Tordo Exploration Permit
The 143 sq. km Tordo permit lies about 150km east of Ouagadougou and is 100% owned by Sanu Burkina. The permit covers a portion of the Fada N’gourma greenstone belt which consists of meta-tuff, meta-sediment and mafic metavolcanic rocks and has never been previously explored. A dilational fault splay is focused near the contact of the greenstone belt and enclosing granites. Quartz float debris fields and a number of artisanal workings are associated with these structures. Quartz veins are most numerous in the central part of the mapped area displaying variable orientations including 070^o, 110^o, and 130^o. In the metasedimentary rocks in the centre of the permit, mineralization consists of relatively narrow quartz veining and associated silicification. A regional and locally detailed soil geochemistry program has defined a 1300x 300m soil gold anomaly in saprolite with peak values to 3000 ppb gold. Trenching of the anomaly by Sanu Burkina suggests these stockworks may host significant gold mineralization but more work is required to determine controls and extent. The trenching returned 8 metres of 1.175 gpt Au, 70 metres of 0.525 gpt Au, 22 metres of 0.405 gpt Au and 38 metres of 0.278 gpt Au.

Lati Exploration Permit
The 246 sq. km Lati Permit, located in the Boromo greenstone belt, covers a major north-south shear zone and a number of known but under-explored prospects as well as an active artisanal mining area. The Lati permit is about 150 km by road, of which about 100 km is paved, west of Ouagadougou. Lati was previously explored by the UNDP (United Nations Development Program) and BUMIGEB (Burkina Faso Office of Mines and Geology) for volcanic-hosted massive sulfides (VHMS) similar to the Perkoa zinc deposit, as well as by Carlin Resources and Incanore Resources.

Prior exploration included airborne geophysics, soil geochemistry, trenching, and drilling. Several anomalous areas that were not followed up include a gold-in-soil anomaly (1000m by 200m) in the northern part of the permit in which three samples yielded over 1 gpt Au with a peak value of 6.5 gpt Au; a UNDP prospect that reported 12m of 2.45 gpt Au in a diamond drill hole; and the Kwademen artisanal mining area where reported gold mineralization over an area of 1250m x 250m with isolated values up to 65 gpt Au occurs in quartz veins and veinlets in a sheared granites and felsic volcanics.

Sanu Burkina has completed a detailed mapping and soil and trench sampling program at Kwademen to verify and better understand the extent of the reported gold anomalies before embarking on a program of RC drilling in the most prospective areas of the permit. The preliminary results show a significant gold and base metal anomaly approximately 1.5km x 300m near a sediment volcanic contact in the Kwademen prospect.

Sanu Burkina has also concentrated on relocating previously discovered anomalies in the northern part of the permit since there appeared to significant positional errors in the earlier work. Grab sampling of quartz lag and veining within the basalt rocks in this area has identified a series of plus one gram per tonne values to a maximum of 11 gpt Au.

Loto Exploration Permit
The 93 sq. km Loto exploration permit is located in the Boromo greenstone belt. The Loto permit lies near the town of Diebougou, approximately 270km by road from Ouagadougou of which 250km is paved. The area is intensely farmed and it has taken time to establish a working relationship with the local community.

Attention was first drawn to this area by outcrops of strongly anomalous (1-2 gpt Au) quartz vein swarms in intermediate to mafic volcanics. Sanu Burkina has covered the areas of quartz veining by a 200 x 100m soil geochemistry, rock chip and lag sampling and geological mapping. Eight of the ninety soil samples analyzed returned values greater than 50 ppb Au with a high value of 226 ppb Five of the 167 grab rock chip and lag quartz samples collected assayed greater than 1 gpt, including values of 22.15 gpt Au, 4.49 gpt Au, 8.08 gpt Au, 11.15 gpt Au and 14.55 gpt Au.

Indigo plans programs of concurrent soil geochemistry and air core drilling on the Lati and Tordo permits and a program of concurrent soil geochemistry and reverse circulation drilling on the Kodyel permit.

About Burkina Faso
The property package lies in the West African nation of Burkina Faso. West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world. A number of the world’s major gold companies are active in West Africa, several with producing mines, including: IAMGOLD Corporation, AngloGold Ashanti Limited, Randgold Resources Limited, Gold Fields Limited and Newmont Mining Corporation. Burkina Faso is considered to be relatively stable, both politically and economically and relies primarily on farming and mining as it main sources of revenue.

On Behalf of the Board of Directors,

“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO

For further information, please contact:
Tim Henneberry: (604) 681-3422

Christopher J .Wild, P.Eng., is the independent Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

Forward-Looking Statements

_{This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that Indigo believes, expects or anticipates will or may occur in the future including Indigo’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.}

_{Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by Indigo’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Indigo to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: inability to enter into a final binding agreement with respect to Sanu Burkina, risks related to the exploration and potential development of Indigo’s projects, risks related to international operations, the conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as risk factors discussed in certain of Indigo’s continuous disclosure documents filed on SEDAR.}