Indigo Exploration Inc. (TSX VENTURE:IXI)(FRANKFURT:INE) has repriced 665,000
incentive stock options granted to directors, employees and consultants on
November 3, 2011 from an exercise price of 20 cents and currently expiring on
November 3, 2016, to a new exercise price of 30 cents. The vesting provisions
and expiry dates of the repriced options will remain unchanged. 


In addition, the Company has cancelled 400,000 of the incentive stock options
granted November 3, 2011 to some directors and consultants that were exercisable
at 20 cents per share, expiring November 3, 2016.


About Burkina Faso 

The Lati, 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 it
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,

Paul Cowley, P.Geo., Interim CEO

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.


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, planned drill program 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.
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