Vancouver, B.C., January 10, 2012 � Indicator Minerals Inc., (the �Company�) announced today that it will proceed with the name change of the Company to �Bluestone Resources Inc.� and the consolidation of the Company's issued and outstanding common shares (the �Common Shares�) on the basis of one (1) new Common Share for every twenty (20) Common Shares presently issued and outstanding. The last day of trading of the Common Shares on the TSX Venture Exchange prior to the consolidation will be January 10, 2012.  The Company�s common shares will begin trading on a consolidated basis on the Exchange effective January 11, 2011 under the symbol �BSR�.

A new CUSIP number of 09626M106 and a new ISIN number of CA09626M1068 have been obtained to distinguish the name change and consolidation.  Following completion of the consolidation, the Company will have approximately 6.63 million Common Shares issued and outstanding.  If, as a result of the consolidation, a shareholder becomes entitled to receive a fractional common share, such fraction will be rounded down to the nearest whole number.

About Indicator Minerals:

Indicator Minerals Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. Founded in 2004, the Company has assembled one of the most qualified technical teams in worldwide exploration.

Indicator Minerals Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com 

On behalf of the Board
Indicator Minerals Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

For further information, please contact:

Indicator Minerals Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.indicatorminerals.com

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