IDI Indico Resources Ltd

Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) announces
that it has arranged a loan in the amount of $550,000 from a director of the
Company to complete the balance of the 2014 option payment due on the Company's
Ocana Copper Porphyry Project and to provide additional short-term working
capital. 


The loan has a term of one year from the date of the advance of funds, is
unsecured and interest free. As consideration for the advance of the loan, the
lender will receive 1,833,333 common shares of the Company at a deemed price of
$0.06 per common share. The bonus shares will be subject to a hold period of
four months and a day from issuance. 


Issuance of the bonus shares in connection with the loan is subject to the
approval of the TSX Venture Exchange. 


All Phase 3 supergene drilling assays have now been received; final tables and
cross sections are available at our website
http://www.indicoresources.com/s/Ocana.asp. 


About Indico Resources Ltd.

Indico is a mineral resource exploration company focused in the discovery and
exploration of porphyry copper-gold deposits in South America. The Ocana
Porphyry Project, located in the Arequipa Region of Peru, is the Company's
primary exploration project and is currently the main focus of exploration
activities. In addition, the Company has entered into a Memorandum of
Understanding to acquire up to a 100% interest in the Maria Reyna Cu-Mo
porphyry-skarn project in the Andahuaylas-Yauri Belt, Cusco Region, of Peru. For
more information, please visit our website at www.indicoresources.com.


On behalf of Indico Resources Ltd.

Robert Baxter, President and Chief Executive Officer

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.


Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and "forward
looking information" within the meaning of the British Columbia Securities Act
and the Alberta Securities Act. Generally, the words "expect", "intend",
"estimate", "will" and similar expressions identify forward-looking information.
By their very nature, forward-looking statements are subject to known and
unknown risks and uncertainties that may cause our actual results, performance
or achievements, or that of our industry, to differ materially from those
expressed or implied in any of our forward looking information. Statements in
this press release regarding Indico's business or proposed business, which are
not historical facts, are forward-looking information that involve risks and
uncertainties, such as estimates and statements that describe Indico's future
plans, objectives or goals, including words to the effect that Indico or
management expects a stated condition or result to occur. Since forward-looking
statements address events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could differ
materially from those currently anticipated in such statements. Investors are
cautioned not to place undue reliance on forward-looking statements, which speak
only as of the date they are made. All of the Company's Canadian public
disclosure filings may be accessed via www.sedar.com and readers are urged to
review these materials, including the technical reports filed with respect to
the Company's mineral properties. The foregoing commentary is based on the
beliefs, expectations and opinions of management on the date the statements are
made. The Company disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Indico Resources Ltd.
Dennis Nenadic
IR/Corporate Communications
(604) 398-5379
(604) 398-5387 (FAX)
dnenadic@indicoresources.com
www.indicoresources.com

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