🕐11.04.11 - 17:54 Uhr

Indigo Intersects 7 Metres of 29.67 gpt Au on Vein 3 Target at Moule, Burkina Faso



Indigo Intersects 7 Metres of 29.67 gpt Au on
Vein 3 Target at Moule, Burkina Faso

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2011) - Indigo Exploration Inc. (TSX VENTURE:IXI) has received assay results from the six reverse circulation drill holes completed at the Vein 3 target at its Moule Gold Permit, Burkina Faso, West Africa. Results from the Zelingpe 1 (Z1) target were released March 29, 2011 and results from the Zelingpe 2 (Z2) target were released March 8, 2011.

Highlights from Vein 3 drilling include: 29.67 gpt Au over 7 metres and 10.86 gpt Au over 3 metres.

Key points are:

Gold mineralization was intersected in four of the 6 holes, including both holes on section 10 and on section 11. Vein 3 is traceable by this drilling for over 200 metres and is open in both directions. The associated soil anomaly is traced for 1500 metres. The drill sections and plan suggest the two holes on section 12 were collared too far east, missing the target. This is the first drill campaign ever conducted on this target. The initial 44 hole drill program on Moule was successful in making two gold discoveries: Zelingpe 1 and Vein 3, which are 5 kilometres apart. Exploration continues on two other targets, V2 and Zelingpe West. Results are pending. The next phase of the drilling program is expected to commence in May.

Vein 3 drill results are as follows:

Hole From To Intercept Au Hole Depth Number (metres) (metres) (metres) (gpt) (metres) MORC-10A 108 114 6 0.80 120 MORC-10B 70 77 7 29.67 100   including 74 76 2 85.66   MORC-11A 67 70 3 10.86 120 MORC-11B 85 90 5 0.88 100

The widths and grades reported are drill intercept widths and may not represent the true width of mineralization. Drill plans and sections can be found on the current exploration page on the Companys website at

Indigos President, Tim Henneberry, said: "The discovery of the Vein 3 and Z1 gold zones is an impressive start for the first drilling to be conducted on the Moule permit. Both discovery zones are open and we have additional new drill targets on the Moule permit. We have secured a drill to start a 15,000 metre RC program in May."

Quality Control and Assurance

All samples were analyzed by 50 gram fire assay. Samples are reverse circulation cuttings collected using a cyclone in 1 metre intervals that are riffle split at the drill site. The primary laboratory is ALS Chemex in Ouagadougou, an ISO 17025 certified laboratory. Standard, blank and duplicate samples were inserted throughout the sample sequence as quality control checks. Paul Cowley, P.Geo., director of Indigo, is the qualified person for the drilling campaign.

Moule Permit

The Moule Gold Permit covers 249 square kilometres of prospective Birimian greenstone geology. Much of West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world.

Indigo geologists have identified multiple prospective targets for bulk tonnage gold systems, based on the artisanal workings combined with previous sampling programs. To date, there has been property-wide mapping and sampling of quartz veining and quartz float. Efforts have been focused on the 7 kilometre by 6 kilometre Zelingpe area where a soil grid, detailed mapping and local induced polarization (IP) survey have identified multiple linear targets untested by drilling. Rock sampling on this grid returned 46 of 480 grab samples with gold values between 1 g/t Au and 16.5 g/t Au. The December 2010 – January 2011 drilling program tested three of the multiple targets:

Zelingpe 1, a plus 1 kilometre long chargeability anomaly covered by laterite capping with associated fringe artisanal workings; Zelingpe 2, a 500 metre wide northwest trending corridor, traceable for at least 1.6 kilometres, where multiple shear zones and parallel multiple quartz float trends have coincident chargeability, elevated gold soil anomalies and local artisanal workings. Vein 3 has been traced in excess of 1500 metres by widely spaced soil geochemical lines. 500 artisanal miners are currently working a 400 metre long portion of this vein.

The Moule Permit has several other targets untested by drilling to date. In addition, other kilometre long quartz trends on the property with elevated gold values in soils and rocks and local artisanal workings are worthy of future attention.

Indigo is earning a 100% interest, subject to a 1.5% Net Smelter Return (NSR) royalty in the Moule Gold Permit by making cash payments totaling US410K over 3 years. Indigo retains the right to purchase the entire 1.5% NSR for US1.8K.

Kodyel, Lati and Tordo Properties Exploration Update

Kodyel

An airborne magnetic and radiometrics survey was conducted in February and limited sampling was conducted in March. The Kodyel permit is on a temporary suspension from the Burkina Faso Ministry of Mines in connection with the dispute between Burkina Faso and Niger as to the exact location of the border between the two countries in the area proximate to the Kodyel property.

Lati

Indigos exploration crews will be mobilizing to Lati this week to commence a soil and rock sampling program to define targets for follow up drilling later in the exploration season.

Tordo

Further exploration on Tordo is planned to bring it to the drill ready stage.

About Burkina Faso

The Moule, Kodyel, Lati and Tordo properties lie in the West African nation of Burkina Faso. Much of West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world. Many of the worlds major gold companies are active in West Africa, several with producing mines, including: IAMGOLD Corporation, AngloGold Ashanti Limited, Randgold Resources Limited, Gold Fields Limited and Newmont Mining Corporation. Burkina Faso is politically and economically stable and relies on farming and mining as its primary sources of revenue. Burkina Faso saw gold production double from 2008 to 2010 and is currently the 5th largest gold producing country in Africa.

On Behalf of the Board of Directors,

R.Tim Henneberry, P.Geo., President and CEO

Paul Cowley, P.Geo., Director of Indigo Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

Please see full release for forward looking statement

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