As previously disclosed, each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of five years from closing at a price of $0.20 per share, subject to the Company's right to accelerate the exercise of the warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.50 for a period of 10 consecutive trading days during the term of the warrant, commencing four months after the date the warrants are issued.

All securities issued in the private placement are subject to a four-month hold period from the closing of the private placement expiring on June 22, 2012.  The subscribers have also agreed to not trade any of the securities issued pursuant to the offering prior to the first anniversary of the closing of the private placement without the Company’s consent.  The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.

About Bluestone Resources Inc.:

Bluestone Resources 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. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com

On behalf of the Board

Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

This press release includes "forward-looking information" including statements regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking information. Such forward-looking information represents management's best judgment based on information currently available. The Company does not assume the obligation to update any forward-looking information, except as required by applicable law.

As previously announced, each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share for a period of five years from closing at a price of $0.20 per share, subject to the Company's right to accelerate the exercise of the warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.50 for a period of 10 consecutive trading days during the term of the warrant, commencing four months after the date the warrants are issued.  

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement.  The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.  The private placement has been conditionally approved by the TSX Venture Exchange. 

About Bluestone Resources Inc.:

Bluestone Resources 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. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com.

On behalf of the Board

Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

Vancouver, B.C., January 11, 2012 - Bluestone Resources Inc. (formerly Indicator Minerals Inc.) (the “Company” or “Bluestone”) today announced that it intends to complete a non-brokered private placement of up to $750,000, comprised of units at a price of $0.15 per unit.  Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share for a period of five years from closing at a price of $0.20 per share. The terms and completion of the private placement are subject to TSX Venture Exchange approval.

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement. The Company may pay finder's fees in connection with the private placement. The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.

About Bluestone Resources Inc.:

Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. The Company has assembled one of the most qualified technical teams in worldwide exploration.

On behalf of the Board
Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

For further information, please contact:

Bluestone Resources Inc.
Bruce Counts, President & CEO
Tel: (604) 646-4527
www.bluestoneresources.ca

Neither the 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.

For further information, please contact:
Bluestone Resources Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.bluestoneresources.ca

Neither the 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.

Vancouver, British Columbia – November 17, 2011: Indicator Minerals Inc. (“Indicator” or, the “Company”) today announced that it is proposing a name change and a consolidation of its issued and outstanding common shares.

The Company is proposing to change its name from Indicator Minerals Inc. to Bluestone Resources Inc. The consolidation of Indicator’s issued and outstanding common shares will be implemented on the basis of one post-consolidation share for up to twenty pre-consolidation shares.

The name change and consolidation are subject to TSX Venture Exchange as well as shareholder approval and will be considered by shareholders at a special meeting of the Company to be held on December 16, 2011.

“We believe that this share consolidation will improve the Company’s structure and enhance our ability to fund and advance our project portfolio.” said Bruce Counts, President and CEO. “The name change is designed to better reflect the Company’s current focus.”

As of November 1, 2011 the Company had 132,582,223 common shares issued and outstanding. If approved and implemented, the consolidation will occur simultaneously for all of the Company's common shares and will affect all shareholders uniformly. Management expects that the ratio for the consolidation will be fixed and the consolidation implemented as soon as practical following the meeting.  Assuming the proposed consolidation occurs at a ratio of 1:20, the Company’s outstanding shares will be reduced to 6,629,111 Common Shares. The consolidation will not affect any shareholder's percentage ownership interest in the Company, except to the extent that the consolidation would otherwise result in any shareholder owning a fractional share.  No fractional shares will be issued, but will instead be rounded down to the nearest whole number.

The proposed consolidation and name change will be further detailed in an Information Circular that will be distributed to shareholders in connection with the special meeting no later than November 21, 2011. A copy will also be made available electronically at www.sedar.com.

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.
/s/”Bruce Counts” P.Geoph.
President & CEO

"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 teamto 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.
/s/”Bruce Counts” P.Geoph.
President & CEO

Vancouver, B.C., October 6, 2011 - Indicator Minerals Inc. (IME: TSX-V) today announced assay results for the final three drill holes from its eleven hole core drilling program on the 100% owned Mohave Project located in north-western Arizona. These results confirm the presence of two new mineralized zones on the project: the South Moly Zone and the Scott Fault Zone.

“The results from the 2011 drilling program clearly indicate that the Mohave Project has the potential to host an economic resource. Our initial core drilling program has already identified four distinct zones of significant mineralization and the majority of the 1,800 acre geophysical anomaly remains untested,” said Bruce Counts, President and CEO of Indicator Minerals Inc. “In addition, ground work on the western half of the property has identified several prospective areas that warrant close attention, including zones hosting multiple veins that have produced gold and silver values up to 3.0gpt and 150gpt respectively.”

Drill Highlights
Three spatially distinct areas were tested with these final three holes of the 2011 drill campaign, including two new zones: the South Moly Zone located approximately 350m SW from the Oxide Pit Zone where MV11001 was collared and the Scott Fault Zone located approximately 1,500m SE from the Oxide Pit Zone. Assay highlights from each of the final three holes are presented and tabled below:

• Hole MV11009 was located in the North Cupola Zone (NCZ) and was drilled from the same set-up as MV1008 (see news release dated 15 August, 2011). Holes MV11008 and MV11009 tested a 2.5 km west-northwest trending molybdenum soil anomaly located along the northern contact of the Central Monzonite Complex. Highly anomalous molybdenum mineralization was intersected from surface to a depth of 189m. Results from MV11009 include 47.73m (157ft) of 0.015% Mo, 0.40gpt Ag and 0.025% Cu.

• Hole MV11010 tested the South Moly Zone (SMZ), defined by a strong chargeability anomaly coincident with elevated levels of molybdenum in surface rock and soil. This new zone lies in the south-central portion of the larger 1800 acre chargeability high in the mineralized porphyry system. Assay results from MV11010 produced 0.011% Mo and 0.74gpt Ag over 299.95m (984ft) from surface to a depth of 303.0m.

• MV11011 was the first hole drilled into the Scott Fault Zone (SFZ) that forms the eastern boundary of the porphyry system. Results from the initial hole into the Scott Fault Zone produced 119.95m (395ft) of 2.36gpt Ag including 0.50m of 100gpt Ag and 3.0gpt Au, and 2.50m of 27.36gpt Ag and 0.60gpt Au.

Zone	Drill Hole #	From (m)	To (m)	Length (m)*	Weighted (% Mo)	Weighted (gpt Ag)	Weighted (% Cu)
NCZ	MV11009	23.77	71.5	47.73	0.015	0.40	0.025
SMZ	MV11010	3.05	303.0	299.95	0.011	0.74	0.044
	(includes)	(99.0)	(151.0)	(52.0)	(0.017)	(0.69)	(0.055)
	(Includes)	(214.0)	(259.0)	(45.0)	(0.017)	(0.86)	(0.050)
	(Includes)	(259.0)	(276.0)	(17.0)	(0.025)	(1.47)	(0.077)
SFZ	MV11011	3.05	123.0	119.95		2.36
	(includes)	(76.15)	(78.65)	(2.50)		(27.36*)
	(includes)	(112.17)	(113.9)	(1.73)		(1.7**)
	(includes)	(115.5)	(117.0)	(1.50)		(37.80)
	and	148.22	148.85	0.63		7.0
	and	154.68	156.00	1.32		8.9
	and	229.85	231.5	1.65		8.5
	and	232.6	233.15	0.55		1.7***

*      interval 76.15 to 78.65m returned 2.50m of 0.60gpt Au with 27.36gpt Ag
**     interval 112.17 to 113.9m returned 1.73m of 0.60gpt Au and 1.70gpt Ag
***    interval 232.6 to 233.15m returned 0.55m of 2.5gpt Au and 1.7gpt Ag.

A detailed plan map, cross-section, assay sheet and photo montage of select core samples are available on the Indicator website at www.indicatorminerals.com

Drill Program:
Indicator’s 2011 drill program was intended to test a number of compelling targets over a wide area identified through Induced Polarization (IP) and ground magnetic surveys, extensive rock and soil sampling as well as structural, geological and alteration mapping. The first drilling program at Mohave completed eleven inclined core holes to depths up to 390m (1280ft) for a total of 3500 meters (11,500 feet) with all eleven holes intersecting anomalous mineralization over significant intervals.

Mohave Project:
The Mohave Project is located in north-western Arizona and is interpreted as a large-scale porphyry with a significant footprint of hydrothermal alteration and mineralization coupled with excellent infrastructure. Exploration work has identified extensive copper, molybdenum and silver mineralization over a large area of the project coincident with a large Induced Polarization (IP) anomaly and complimentary intrusive dyke swarms and structural features. The geology of the Mohave Project is believed to be analogous to the Bagdad and Mineral Park Copper Porphyry Mines where large volumes of low grade ores (including 0.10-0.20% Cu, 0.01%-0.03% Mo and 1.5-2.0 gpt Ag) are presently being mined.

QA/QC
Mr. Bruce Counts, P.Geoph., President & CEO of Indicator, is a Qualified Person under NI 43-101 and is responsible for the design and execution of the programs carried out by Indicator on the Mohave property, and for the contents of this release. Core cutting, logging and sampling are completed in Indicator’s secure facility at Wikieup, Arizona. Samples are transported to the Skyline Labs in Tucson for drying, weighing, crushing as well as final preparation and analysis.

All samples are analyzed for 49 elements using Inductively Coupled Plasma Mass Spectrotrometry (ICP-MS) finish. In addition, total copper and total molybdenum assays are acquired by three acid digestion with an Atomic Absorption Spectroscopy (AAS) finish on over-limits of Cu >1000ppm and Mo > 500ppm. Gold is determined by 30g Fire Assay (FA) fusion with an Atomic Absorption Spectroscopy (AAS) finish. Indicator includes standards and duplicates in addition to the laboratory's internal quality control work. A comprehensive standard and duplicate sample program including reject analyses by ALS Chemex Analytical Laboratories of Vancouver, Canada is underway.

About Indicator Minerals:
Indicator Minerals Inc. is a leading Canadian exploration company focused on the discovery and development of economic mineral deposits. The company has assembled one of the most qualified technical teams in worldwide exploration 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

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.

On behalf of the Board
Indicator Minerals Inc.
/s/”Bruce Counts” P.Geoph.
President & CEO

“The results from these four holes further demonstrate that there is a large mineralized system present at Mohave and reinforces our belief that the property may host an economic deposit,” said Bruce Counts, President and CEO of Indicator Minerals Inc. “Our strategy of initially drilling widely spaced holes on the property within the 1800 acre chargeability anomaly has been successful and identified an exciting new molybdenum area with the first hole drilled in the Cupola Zone, north of the Central Monzonite Complex.”

Drill Highlights:
Holes MV11005 through MV11008 were located on drill centers varying between 450-950 meters from the first hole drilled this season (MV11001) and all holes intersected mineralization from surface.

Significantly, hole MV11008 was the first hole to test a 2.5 km west-northwest trending molybdenum soil anomaly located along the northern contact of the Central Monzonite Complex. Highly anomalous molybdenum mineralization was intersected from surface to a depth of 189m.   

Assay highlights are as follows:

• Hole MV11005 is located in the eastern extremity of the Rio Verde Zone and is 950m southeast of hole MV11001. The hole was drilled to the southwest to a depth of 362m and included an intercept of 27.50 g/t Ag over 1.2m from 107.3m to 108.5m and 0.010% Mo and 0.51g/t Ag over 24.1m from 177.1m to 201.2m.

• Holes MV11006/MV11007 were drilled in opposite directions from the same set up and were located approximately 850m north of MV11005.
  • Hole MV1106 was drilled south to a depth of 167.34m included an intercept of 0.50 g/t Ag and 0.032% Mo over 2.1m from 135.9m to 138m.
  • Hole MV11007 was drilled north to a depth of 176.78m included an intercept of 15.3 g/t Ag over 0.15m from 9.14m to 9.29m.

• Hole MV11008 was located approximately 930m north-northeast of MV11001 and was the first hole collared in the Cupola Zone. MV11008 was drilled to the south to a depth of 324.92 m and included an intercept of 0.45 g/t Ag and 0.011% Mo over 189.8m from 8.5m to 198.3m.

Detailed assay tables and a drill plan map can be found on the Indicator Minerals website at www.indicatorminerals.com

Drill Hole Geology:
The mineralization at Mohave is characterized as complex with multiple overprints and is dominated by potassic alteration with Cu-Mo-Ag stockwork and related breccias as well as several younger Mo-Ag and Pb-Zn-Ag events.

Hole MV11005 was collared in a strong chargeability in Precambrian granite and intersected several monzonite porphyry dykes. Alteration includes strong potassic/sodic alteration with multiple vein types including:  AM veins (anhydrite-molybdenite), QM veins (quartz-molybdenite-pyrite), AC veins (anhydrite-Kspar-pyrite-magnetite-chalcopyrite) and QP veins (quartz-pyrite-chalcopyrite-epidote-chlorite). This vein classification scheme is modified after a scheme developed at the Mineral Park Mine.

Holes MV11006 and MV11007 tested the Leach Cap Zone in an area surrounded by a weak chargeability. Alteration includes potassic and sodic alteration overprinted by a quartz-muscovite and green sericite-quartz-molybdenite-pyrite veins as well as numerous argillic altered high angle faults.

Hole MV11008 was collared in a moderate chargeability in mineralized Precambrian granite, granite-pegmatite dykes and sills.  Alteration includes strong potassic with argillic and silicic overprints with chalcopyrite and molybdenite mineralization in AM, QM, AC, QP veins defined above as well as and PMQ veins comprised of quartz-sericite with base and precious metals.

A significant WNW-ESE trending molybdenum soil anomaly occurs along the northern and southern contacts of the Central Monzonite Complex and extends west from MV11008 for a distance of 1.2km and to the east-southeast from MV11008 for a distance of 1.3km to the Scott Fault trace.  

Drill Program:
Indicator’s 2011 drill program is being conducted in two phases. The recently completed first phase a was intended to test a number of compelling targets over a wide area identified through Induced Polarization (IP) and ground magnetic surveys, extensive rock and soil sampling as well as structural, geological and alteration mapping. The second phase of drilling will build on the results from the first phase and is planned for Q4 of 2011.

The first phase of drilling completed eleven inclined core holes to depths up to 390m (1280ft) for a total of 3500 meters (11,500 feet) with all eleven holes intersecting anomalous mineralization over significant intervals. Additional assay results for the last three holes, MV11009 through MV11011 are pending.

Mohave Copper Project:
The Mohave Project is located in north-western Arizona and is interpreted as a large-scale copper porphyry with significant amounts of silver and molybdenum and a late stage overprint of molybdenum and lead-zinc-silver mineralization. Exploration work has identified extensive copper, molybdenum and silver mineralization over a large area of the project coincident with a large Induced Polarization (IP) anomaly and complimentary intrusive dyke swarms and structural features. The geology of the Mohave Project is believed to be analogous in many ways to the Bagdad and the Mineral Park Copper Porphyry Mines where large volumes of low grades including 0.10-0.20% Cu, 0.01%-0.03% Mo and 1.5-2.0 gpt Ag are presently being mined.

QA/QC
Mr. Bruce Counts, P.Geoph., President  & CEO of Indicator, is a Qualified Person under NI 43-101 and is responsible for the design and execution of the programs carried out by Indicator on the Mohave property, and for the contents of this release. Core cutting, logging and sampling are completed in Indicator’s secure facility at Wikieup, Arizona. Samples are transported to the Skyline Labs in Tucson for drying, weighing, crushing as well as final preparation and analysis.

All samples are analyzed for 49 elements using Inductively Coupled Plasma Mass Spectrotrometry (ICP-MS) finish. In addition, total copper and total molybdenum assays are acquired by three acid digestion with an Atomic Absorption Spectroscopy (AAS) finish on over-limits of Cu >1000ppm and Mo > 500ppm as well as on Pb and Zn >10,000ppm. Gold is determined by 30g Fire Assay (FA) fusion with an Atomic Absorption Spectroscopy (AAS) finish. Indicator includes standards and duplicates in addition to the laboratory's internal quality control work. A comprehensive standard and duplicate sample program including reject analyses by ALS Chemex Analytical Laboratories of Vancouver, Canada is underway.

About Indicator Minerals:
Indicator Minerals Inc. is a leading Canadian exploration company focused on the discovery and development of economic mineral deposits. The company has assembled one of the most qualified technical teams in worldwide exploration 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

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.

On behalf of the Board
Indicator Minerals Inc.
/s/”Bruce Counts” P.Geoph.
President & CEO

“These holes, located 520 meters SE of the first two holes, are mineralized over significant intervals and serve to reinforce our interpretation that Mohave hosts a very large porphyry system that extends to depth,” said Bruce Counts, President and CEO of Indicator Minerals Inc. “Our strategy is to drill distinct zones within the 1800 acre geophysical and geochemical anomaly at Mohave to identify and focus in on areas with ore grade mineralization.”

Drill Highlights:
Holes MV11003 and MV11004 were located in the Rio Verde Zone which is characterized as a Cu-Mo-Ag bearing Pb-Zn domain within a high chargeability anomaly. The holes were collared from the same setup with both holes inclined at -60° angles with MV11003 drilled north to a depth of 370m and MV11004 drilled to the south to a depth of 362m. Assay highlights from the core holes are as follows.

Assay Tables:

Hole MV11003 (Dip -60°, Azimuth 0°)

Hole MV11004 (Dip -60°, Azimuth 180°)

A plan map can be found on the Indicator Minerals website at www.indicatorminerals.com

Drill Hole Geology:
The third and fourth drill holes of the program were located in the Rio Verde Zone. They were collared in a mineralized Precambrian granite complex within potassic and argillic alteration. In hole MV11003 the mineralized Precambrian granite complex was cut by several monzonite porphyry, diabase and granite/pegmatite dykes before it was truncated by a high angle fault. Below the high-angle fault was a potassic altered quartz monzonite stock. Hole MV11004 was dominated by the Precambrian granite complex cut by monzonite porphyry, diabase and granite-pegmatite dykes. A major low angle fault was intersected from 239 to 247m (784 to 811 ft) and below the fault the Ag-Pb-Zn grades decreased significantly.

The mineralization at Mohave is complex with multiple overprints dominated by a potassic Cu-Mo-Ag stockwork and related breccias. A younger Mo dominant and locally Pb-Zn-Ag bearing, mineralization event is also present and appears to be related to a granite/pegmatite-hosted fluorite bearing molybdenite event.

Drill Program:
Indicator’s 2011 drill program is being conducted in two phases. The first phase, currently underway, is intended to test a number of compelling targets and distinct zones over a wide area identified through Induced Polarization (IP), ground magnetic surveys, extensive rock and soil sampling as well as structural, geological and alteration mapping. The second phase of drilling will build on the results from the first phase and is scheduled for Q3/Q4 of 2011.

In the first phase of drilling as many as 12 to 15 inclined core holes to depths up to 300m (1000ft) are planned. To date, the company has completed nine holes, each of which has intersected mineralization over significant intervals. Additional assay results for the completed holes are pending and the tenth drill hole is in progress.

Mohave Copper Project:
The Mohave Project is located in north-western Arizona and is interpreted as a large-scale copper porphyry with significant amounts of silver and molybdenum and a late stage overprint of molybdenum-only and lead-zinc-silver mineralization. Exploration work has identified extensive copper mineralization over a large area of the project coincident with a large Induced Polarization (IP) anomaly and complimentary intrusive dyke swarms and structural features. The geology of the Mohave Project is believed to be analogous in many ways to the Bagdad and the Mineral Park Copper Porphyry Mines.

QA/QC
Mr. Bruce Counts, P.Geoph., President & CEO of Indicator, is a Qualified Person under NI 43-101 and is responsible for the design and execution of the programs carried out by Indicator on the Mohave property, and for the contents of this release. Core cutting, logging and sampling are completed in Indicator’s secure facility at Wikieup, Arizona. Samples are transported to the Skyline Labs in Tucson for drying, weighing, crushing as well as final preparation and analysis.

All samples are analyzed for 49 elements using Inductively Coupled Plasma Mass Spectrotrometry (ICP-MS) finish. In addition, total copper and total molybdenum assays are acquired by three acid digestion with an Atomic Absorption Spectroscopy (AAS) finish on over-limits of Cu >1000ppm and Mo > 500ppm as well as on Pb and Zn >10,000ppm. Gold is determined by 30g Fire Assay (FA) fusion with an Atomic Absorption Spectroscopy (AAS) finish. Indicator includes standards and duplicates in addition to the laboratory's internal quality control work. A comprehensive standard and duplicate sample program including reject analyses by ALS Chemex Analytical Laboratories of Vancouver, Canada is underway.

About Indicator Minerals:
Indicator Minerals Inc. is a leading Canadian exploration company focused on the discovery and development of economic mineral deposits. The company has assembled one of the most qualified technical teams in worldwide exploration 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

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.

On behalf of the Board
Indicator Minerals Inc.
/s/”Bruce Counts” P.Geoph.
President & CEO

Vancouver, B.C., June 20, 2011 – Indicator Minerals Inc. (the “Company”) (IME:TSXV) announced today that in light of the recent announcement of postal service disruption in Canada, the physical delivery of the Company’s information circular and accompanying instrument of proxy (“Meeting Materials”) for use at the annual general meeting of the Company to be held on July 14, 2011, to certain shareholders of the Company (“Indicator Shareholders”) may be delayed. Accordingly, any Indicator Shareholder that does not receive his or her Meeting Materials in a timely fashion is encouraged to access and review electronic copies of the Meeting Materials, which are filed under the Company’s profile on SEDAR at www.sedar.com and on the Company’s corporate website at www.indicatorminerals.com.

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.
/s/"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.

• Intersected from surface to 65.8m (216 ft) grading 0.20%Cu, 0.011% Mo and 2.35 g/t Ag
• Included in this intersection is a 32.9m (108ft) interval from 3.1m to 36.0m (10ft to 118ft) grading 0.28% Cu and 2.62 g/t Ag

• Intersected from surface 70.7m (232ft) grading 0.30% Cu, 0.010 Mo, 2.54 g/t Ag
• Included in this intersection is a 25.0m (82ft) interval grading 0.66% Cu and 5.3 g/t Ag

"The results of the 2011 IP survey are tremendously encouraging since they provide further evidence that Mohave has the potential to host a very large tonnage copper porphyry deposit," says Bruce Counts, President and CEO of Indicator. "The chargeability anomaly now covers an area of 1820 acres (735 hectares) adding 68% to the size of the 2008 chargeability anomaly which was open to the south and west."

Click here to view the IP Survey and chargeability anomaly or visit www.indicatorminerals.com/i/pdf/IME_NR_110425.pdf

IP surveys are the primary geophysical tool used to define the extent of the sulphide mineralization within a copper porphyry deposit. This survey included the collection of more than 47 line-km of additional data using a 400ft dipole and extended the existing survey to the south and west where the chargeability anomaly remained open.

As announced on April 19, 2011, the first 5,000 m phase of the Mohave core drilling program is currently underway. This first phase is designed to test up to four spatially distinct areas of the property. A second phase of drilling will follow-up on phase one results and is scheduled for Q3/Q4, 2011

The Mohave Project is located in north-western Arizona and is interpreted as a large-scale, copper porphyry deposit. Exploration work has identified extensive copper, molybdenum and silver mineralisation over a large area of the project coincident with an Induced Polarisation (IP) anomaly, favourable alteration and complimentary structural features. The geology of the Mohave Project is believed to be analogous to the Freeport McMoRan Bagdad Copper Porphyry Mine, which is located within 35km of the property.

Mr. Bruce Counts, P.Geoph., President & CEO of Indicator, is a Qualified Person under NI 43-101 and is responsible for the design and execution of the programs carried out by Indicator on the Mohave property.

About Indicator Minerals:

Indicator Minerals Inc. is a leading Canadian exploration company focused on the discovery and development of economic mineral deposits. The company has assembled one of the most qualified technical teams in worldwide exploration 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

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.

On behalf of the Board
Indicator Minerals Inc.
/s/"Bruce Counts" P.Geoph.
President & CEO

For further information, please contact:

Indicator Minerals Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.indicatorminerals.com

Neither the 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.

Indicator Minerals Inc.

/s/"Bruce Counts" P.Geoph.

President & CEO
For further information, please contact:

Indicator Minerals Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.indicatorminerals.com

"This is an exciting time for Indicator shareholders," says Bruce Counts, President and CEO of Indicator. "There is strong technical evidence to suggest that the Mohave Project has the potential to host a very large copper-molybdenum-silver porphyry deposit. We have excellent copper, molybdenum and silver results from rock and soil sampling, a classic porphyry signature from previous IP work and the chance to evaluate economic potential with the first modern drill program in the property's history."

Key Point Summary

• Induced Polarization (IP) and Ground Magnetic surveys underway
• Two phase, 10,000 meter core drilling program planned
• Drilling contracts executed
• Phase One drilling to start beginning of April, 2011

The 2011 Exploration Program

The program will include up to 10,000m of diamond drilling as well as extensive Induced Polarization (IP) and Ground Magnetic surveys. IP surveys are the primary geophysical tool used to define the extent of mineralization within a copper porphyry deposit. A previous IP survey at Mohave identified a chargeability anomaly more than 2km in diameter that is consistent with those obtained over other productive copper porphyry deposits in the region. This year Indicator will extend the previous IP survey with the collection of more than 47 line-km of data to the west and south where the anomaly remains open. (Click here to view the IP Survey and chargeability anomaly)

The core drilling program will be conducted in two phases with the first phase of 5,000m set to begin in early April and designed to test three or four spatially distinct areas of the property. The second phase of drilling will follow-up on phase one results and is scheduled for Q3, 2011. Preparation work has begun to improve road access and ready drill pads for the program.

The Mohave Property

The Mohave Project is located in north-western Arizona and is interpreted as a large-scale, copper porphyry deposit with significant silver and molybdenum credits. Exploration work has identified extensive copper mineralisation over a large area of the project coincident with an Induced Polarisation (IP) anomaly and complimentary structural features. The geology of the Mohave Project is believed to be analogous to the Freeport McMoRan Bagdad Copper Porphyry Mine, which is located within 35km of the property.

About Indicator Minerals:

Indicator Minerals Inc. is a leading Canadian exploration company focused on the discovery and development of economic mineral deposits. The company has assembled one of the most qualified technical teams in worldwide exploration to focus on advancing its early-stage Mohave Copper Porphyry project in north-western Arizona. This under explored and largely untested project has a compelling copper, molybdenum and silver footprint with a coincident IP anomaly indicative of a large Copper Porphyry system.

Indicator Minerals Ltd. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

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]]> 148 Indicator Minerals Inc. (the "Company") (TSX-V: IME) announced today that it has completed its previously announced non-brokered private placement of units. http://bluestoneresources.ca/news/index.php?content_id=148 2011-02-24 09:58:00 Vancouver, B.C. - Indicator Minerals Inc. (the "Company") (TSX-V: IME) announced today that it has completed its previously announced non-brokered private placement of units.

At the closing Indicator issued 11,005,055 units (the "Units") at a price of $0.18 per Unit for gross proceeds of $1,980,909.50 (the "Private Placement"). Each unit is comprised of one common share and one transferable share purchase warrant of the Company (the "Warrants"). Each Warrant is exercisable to purchase one common share of the Company at a price of $0.27 per share until February 23, 2013.

Finder's fees consisting of $70,529 in cash and 391,828 non-transferable finder warrants, representing 5% of the proceeds raised and 5% of the number of Units issued, respectively, were paid to six finders in respect of certain subscriptions under the Private Placement. Each finder warrant is exercisable to purchase one common share of the Company at a price of $0.27 per share until February 23, 2013.

All securities issued or issuable under the Private Placement are subject to a hold period and may not be traded until June 24, 2011 except as permitted by Canadian securities legislation and the Exchange. Indicator intends to use the proceeds for exploration expenditures on its Mohave Copper Project and for general working capital and other corporate expenditures.

Indicator is also pleased to announce, subject to regulatory approval, the appointment of Jim Paterson, B.Comm. to the Board of Directors. Jim brings a wealth of contacts and knowledge obtained through his 15 years of corporate experience with several mineral exploration and development companies. Mr. Paterson founded and, from June 2007 until August 2010, was President & CEO of Corsa Capital Ltd. (CSO: TSX-V). Currently Mr. Paterson is the CEO of Kivalliq Energy Corporation and is also a Director of Kaminak Gold Corporation and Niblack Development Corporation, both resource companies listed on the TSX Venture Exchange.

About Indicator Minerals: