Indicator Minerals Inc.

Indicator Minerals Inc.

April 16, 2007 13:48 ET

Indicator Minerals Elects Richard Gorton to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - Indicator Minerals Inc. ("IME" or "Indicator") (TSX VENTURE:IME) is pleased to announce that Richard Gorton has been elected to its Board of Directors.

Mr. Gorton will serve as an independent Director and provide guidance to management on the growth of the Company and its projects. In addition, Richard brings a wealth of industry contacts developed during his tenure in the mineral exploration industry.

Mr. Gorton has 36 years experience in the exploration, mining and business aspects of the minerals industry. He graduated in 1970 from the University of Cape Town and earned his M.Sc. Geology in 1981 from the same institution. Mr. Gorton was Director of Exploration, Business Development for Newmont Mining Corporation from 1994 to 2005. He has taken early retirement but continues to act in a consulting and advisory role for Newmont. Mr. Gorton is also a principal of BWG Mining which applies supervised Neural Network technology to multiple exploration data sets targeting new discoveries.

"Indicator is fortunate to have someone of such high calibre join its board as an independent director," said Bruce Counts, President and Chief Executive Officer of Indicator Minerals Inc. "Mr. Gorton's extensive experience in mineral exploration and development provides additional depth to the Company and I am confident that he will be a tremendous asset going forward."

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
    (604) 331-4605 or Toll Free: 1-877-331-4605
    Indicator Minerals Inc.
    Lisa May
    Manager, Corporate Communication
    (604) 331-4605 or Toll Free: 1-877-331-4605