IXI Indigo Explorations Inc

Indigo Exploration Inc. (TSX VENTURE:IXI) is pleased to announce that, further
to its news release of August 30, 2011, it has closed a private placement with a
single purchaser of 3,275,000 Units at a price of $0.30 per Unit for gross
proceeds of $982,500. Each Unit comprises one common share of Indigo (a "Share")
and one half of one non-transferable share purchase warrant. Each warrant (a
"Warrant") entitles the holder to purchase one additional common share of Indigo
at a price of $0.50 per share for a period ending March 3, 2013. The Shares and
any shares issued upon exercise of the Warrants will be subject to a hold period
expiring at midnight on January 2, 2012.


In connection with the offering, the Company has paid a finder's fee to Topleft
Securities Ltd. of Toronto. The finder's fee comprises a cash payment of $68,775
and non-transferable share purchase warrants (the "Finder's Warrants") entitling
the holder to acquire up to 229,250 common shares of Indigo at a price of $0.30
per share for a period ending March 3, 2013. The hold period for the securities
issued pursuant to the Finder's Warrants is the same as that of the Warrants.


The gross proceeds from the offering will be used to incur exploration
expenditures on Indigo's mineral properties in Burkina Faso and for general
working capital purposes.


On Behalf of the Board of Directors,

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

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