Indico Resources Ltd.

0.01

Canada & British Columbia Vancouver

837 West Hastings Street, Suite 507

+1 604 691-7462

www.indicoresources.com

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Company Press Releases

Indico Reports on Frivolous Claims

Vancouver, British Columbia--(Newsfile Corp. - July 5, 2017) - Indico Resources Ltd. (TSXV: IDI) ("Indico" or the "Company") today reports on certain proceedings in Peru related to certain claims made by Minera Andina de Exploraciones S.A.A. ("Minandex") against Inversiones Minerales with respect to its Assignment and Mining Option Agreement of April 10, 2010 (the "Agreement").Minandex has asserted with a "deed of termination" in the Public Registry, Lima, Peru that the Company is in default of the Agreement.Indico believes these claims to be frivolous and intended for ulterior purposes.Accord...

Indico Announces Payment of Annual Option Payment on the Irmin Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased to announce that the annual payment of US$2 million due in April 2016 towards the acquisition of a 100% interest in the Irmin Porphyry Copper-Gold Project has been made by our partners Aruntani SAC. Aruntani have completed dressing the road for regular use. They are now working on obtaining permissions, licences and authorizations to start with the drilling program, as well as the construction of a chemical laboratory for the metallurgic...

Indico Announces Offer to Purchase the Irmin Copper Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2016) - Indico Resources Ltd. (the "Company") (TSX VENTURE:IDI) is pleased to announce that it has entered into a letter of intent (the "LOI") with Aruntani S.A.C. ("Aruntani") pursuant to which it will sell to Aruntani all of the shares of Indico Peru S.A.C. ("Indico Peru"), a wholly owned subsidiary of the Company, which has an irrevocable option to acquire all of the shares in the capital of Inversiones Minerales S.A.C., an entity holding a series of concessions in Peru (the "Transaction"). Aruntani will acquire all ri...

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