Indicator Minerals Inc.

Indicator Minerals Inc.

November 15, 2007 16:42 ET

Indicator Minerals Announces Extension of Warrant Expiry Dates Approved

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - Indicator Minerals Inc. ("IME" or "Indicator") (TSX VENTURE:IME) announced today that, further to the Company's press release dated November 13, 2007, the TSX Venture Exchange has approved the extension of the expiry date of all of the outstanding common share purchase warrants originally issued in connection with a private placement completed by the Company on May 15, 2006. The warrants will now be exercisable until May 15, 2008. Other than the extension of the warrant expiry dates, the remaining attributes of the warrants, including the respective exercise price of $0.75 per share to the date of expiry, remain the same.

Indicator Minerals Inc. is a Canadian exploration company focused on the discovery of economic diamond deposits. Founded in 2004, the company has assembled a highly qualified technical team, experienced in worldwide diamond exploration. Indicator is exploring more than 4.3 million acres of targeted ground in the Canadian arctic and has three key projects in Nunavut: Darby, Barrow and Grail. Indicator's management has positioned the company to be a sophisticated player in both Canadian and international diamond exploration by forming strategic partnerships, acquiring highly prospective properties and conducting systematic and efficient exploration programs.

On behalf of the Board

Indicator Minerals Inc.

Bruce Counts, P.Geoph., President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Indicator Minerals Inc.
    Bruce Counts
    President & CEO
    1-877-331-4605 or (604) 331-4605
    Indicator Minerals Inc.
    Lisa May
    Manager, Corporate Communication
    1-877-331-4605 or (604) 331-4605
    (604) 331-4654 (FAX)