Indicator Minerals Inc.

Indicator Minerals Inc.

March 15, 2005 10:24 ET

Indicator Minerals Announces Approval of Extension of Warrant Exercise Terms


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INDICATOR MINERALS INC.

TSX VENTURE SYMBOL: IME

MARCH 15, 2005 - 10:24 ET

Indicator Minerals Announces Approval of Extension of
Warrant Exercise Terms

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2005) - Indicator
Minerals Inc. (the "Company") (TSX VENTURE:IME) announces that, further
to the Company's press release dated January 21, 2005, the TSX Venture
Exchange has approved the extension of the terms of all of the warrants
and agent's warrants issued pursuant to a private placement by the
Company completed on April 16, 2004. The warrants will now be
exercisable until April 16, 2006. Other than the extension of the
warrant exercise terms, the remaining attributes of the warrants,
including the respective exercise prices, remain the same.


On behalf of the Board

Indicator Minerals Inc

/s/"Bruce Counts"

P.Geoph., President & CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Indicator Minerals Inc.
    Bernie Kennedy
    Investor Relations Manager
    (888) 331-2269 or (604) 331-2269
    Website: www.indicatorminerals.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.