Indico Resources Ltd. announced the appointment of Mr. Robert Baxter as the President and Chief Executive Officer of the Company. Mr. Baxter has over 25 years of experience in the mining industry, principally in Latin America. Mr. Baxter was the President, Chief Operating Officer and a director of Norsemont Mining Inc. until April 2011 following the completion of its sale to HudBay Minerals Inc. for $520 million. Mr. Baxter has also formerly held positions as a director of Chariot Resources Ltd. and as a director of Petaquilla Minerals Ltd. Mr. Baxter is currently a director of Pan Global Resources Inc. He is also General Manager of Baxter Consultants Eng. S.A.C.