IDI Indico Resources Ltd

Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased
to announce the appointment of Ms. Peggy Wu, CA as Chief Financial Officer,
effective October 15, 2010, to fill the vacancy created by the resignation of
Mr. Michael Kinley, CA.


New Chief Financial Officer

Effective October 15, 2010, the Company has appointed Ms. Peggy Wu as its Chief
Financial Officer to replace Mr. Michael Kinley, who resigned as CFO in order to
devote more time to other issuers of which he is also the Chief Financial
Officer. The Board would like to take this opportunity to thank Mr. Kinley for
his many years of exceptional service as the Company's CFO.


Ms. Wu is a Chartered Accountant with a strong accounting background and
obtained her Chartered Accountant designation articling with Smythe Ratcliffe.
She also holds a Bachelor of Arts degree with a Major in Economics and Minor in
Commerce. Her past experience includes three years at Smythe Ratcliffe LLP as a
senior accountant and, prior to that, two years at STS Partners LLP as staff
accountant.


Grant of Options

The Company further announces that, pursuant to its 2004 Incentive Stock Option
Plan, it has granted incentive stock options to Ms. Wu to purchase up to an
aggregate of 75,000 common shares in the capital stock of the Company. The
options are exercisable on or before October 19, 2012 at a price of $0.70 per
share.


About Indico Resources Ltd.

Indico Resources Ltd. is a Canadian exploration company focussed on the resource
sector in South America. The Ocana Porphyry Project is the Company's primary
exploration project and the main focus of exploration activities.


For further details on the Company readers are referred to the Company's web
site (www.indicoresources.com) and its Canadian regulatory filings on SEDAR at
www.sedar.com.


On Behalf of the Board of Directors of INDICO RESOURCES LTD.

Gary Freeman, President & CEO

Indico Resources (TSXV:IDI)
Historical Stock Chart
From Dec 2024 to Jan 2025

Indico Resources (TSXV:IDI)
Historical Stock Chart
From Jan 2024 to Jan 2025