TSX.V: IXI

March 22, 2011 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI) reports that it will shortly commence exploration at its 100 percent owned Lati gold permit, Burkina Faso, West Africa. A recent property examination found a doubling of the size of the artisanal workings and number of local miners. 

Key points are: 

  • Artisanal workings have doubled in size from 500 metres by 50 - 200 metres to 1200 metres by 50 - 500 metres.
  • Artisanal  miners are working over and extracting particulate gold from the top 1 to 3 metres of surface material over the majority of this area   
  • Historic drilling by the United Nations in the area included an intersection of 2.5 gpt Au over 12 metres.
  • Recent Indigo grab sampling within the expanding artisanal site returned values to 11 gpt Au. 

The 246 sq. km Lati permit is located in the Boromo greenstone belt, approximately 150 km by road from the capital of Ouagadougou and 45 km north of the Poura Gold Mine. The prospective east side of the Lati permit is underlain by a north-northeast trending 1500 metre wide band of bimodal volcanics surrounded by felsic intrusives. Mineralized quartz veins are common through this area, ranging from thin stockworks to metre-scale structures associated with regional scale shearing and fracturing mainly in mafic volcanic rocks. Several artisanal workings and prospects lie along the sheared contacts between the volcanics and intrusives including the rapidly expanding artisanal site. 

This week Indigo’s geological team will commence a detailed sampling grid for soil and quartz float over a 5,000 metre long by 1,500 metre wide  area over the prospective contact, in advance of follow up trenching and reverse circulation drilling expected later this spring.

Indigo’s President, Tim Henneberry, said: "The continually expanding artisanal site at Lati warrants a reverse circulation drilling program. Drilling will commence, following the sampling surveys to refine targets. Lati along with Moule and Kodyel, gives Indigo three excellent gold projects with multiple targets in Burkina Faso". 

About Burkina Faso

The Kodyel, Loto and Moule 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 world’s 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”

R.Tim Henneberry, P.Geo.

President and CEO 

For further information, please contact:

Tim Henneberry: (604) 681-3422 

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. 

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. 

Forward-Looking Statements 

This press release contains forward-looking statements.  All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, exploration plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance. 

Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology.  All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances.  These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements.  Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR. 

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.