Indicator Engages Rockandel Holdings for Investor Relations

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Indicator Minerals Inc. (TSX VENTURE:IME) is pleased to announce that it has
engaged Rockandel Holdings Inc. to provide investor relations services for the
Company.


The principal of Rockandel Holdings Inc., Andrew Rockandel, is an experienced
finance and communications executive with an extensive corporate development and
investor relations background with Kadenwood Ventures and The Northair Group
among others. Mr. Rockandel and Rockandel Holdings are each arm's length parties
to the Company and have advised the Company that they do not have any direct or
indirect interest in the Company. 


Effective January 4, 2011, Rockandel will provide the services of Mr. Rockandel
as Manager, Investor Relations for a minimum 6 month period, following which the
engagement may be terminated by either party. The Company will pay to Rockandel
Holdings a base fee of $6,000 per month during the term of the engagement.
350,000 Indicator options will also be granted directly to Mr. Rockandel. These
incentive stock options are exercisable at a price of $0.16 per share and will
vest as to 25%, on each of April 5, 2011, July 5, 2011, October 5, 2011 and
January 5, 2012, terminating five years after the grant date, January 5, 2016.
Any shares issued on exercise of these options will be subject to a hold period
of four months from the grant date of the options. The primary focus of investor
relations is to introduce Indicator Minerals to the investment community
including investment advisors, sell side analysts and institutional investors.


Indicator continues to make preparations to drill its north-western Arizona,
Mohave Copper Project that is interpreted as a large-scale, copper porphyry
deposit with significant amounts of silver and molybdenum. 


About Indicator Minerals: 

Indicator Minerals Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. Founded in 2004, the
Company has assembled one of the most qualified technical teams in worldwide
exploration. Management has quickly positioned the Company to be a sophisticated
player in both Canadian and international exploration by forming strategic
partnerships, acquiring highly prospective properties and conducting systematic
and efficient exploration programs.


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 

Cautionary Notice: This release may contain forward-looking statements regarding
the Company's business or financial condition, including the proposed completion
of financings, use of proceeds and exploration programs. Actual results could
differ materially from those described in this news release as a result of
factors, including, but not limited to the following: the timing and completion
of financings, the actual use of proceeds, the timing, results and success of
exploration and development programs, financial arrangements, the ability to
obtain additional financing, developments in global resource markets, political
developments, the timing of regulatory and environmental approvals and other
factors. The Company cautions that these and similar statements involve risk and
uncertainties, which could cause actual results to differ materially from those
in the forward looking statement. Forward-looking statements are made in the
context of information available as of the date stated. The Company undertakes
no obligations to update or revise such statements to reflect new circumstances
or unanticipated events as they occur, unless required by applicable law.

Indicator Minerals Inc. (TSXV:IME)
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