The shareholders of Indico Resources Ltd. at its annual general meeting held on October 18, 2012 approved the appointment of four new directors Patrick Evans, Brian Kerzner, David Savage and Bob Parsons. Mr. Evans is the President and CEO of Mountain Province Diamonds Inc. and Kennady Diamonds Inc. Mr. Evans is currently a director of Pan Global Resources. Mr. Kerzner has over 23 years of experience as a entrepreneur in retailing and real estate.

He is also a member of the BC Children's Hospital Circle of Care and is actively involved in many other charitable organizations. Mr. Savage has held senior executive roles in the construction industry in Australia, Asia and the Middle East for more than 25 years. Mr. Parsons currently serves on the Advisory Board of the Indonesian Mining Association and the International Affairs Committee of the Prospectors and developers Association of Canada.

The directors will hold the office until the next annual general meeting of the company. The new directors replaced Gary Freeman, Keith Henderson and Susannah Coille van Alphen.