IDI Indico Resources Ltd

Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) announces
the appointment of Mr. Asgari bin Mohd Fuad Stephens as a director of the
Company, subject to the acceptance of the TSX Venture Exchange. 


Asgari has over 25 years of experience in both public and private equity
investing in Malaysia. He is currently a director and founding member of
Intelligent Capital Sdn Bhd (Intelligent Capital) and is a director of Kumpulan
Sentiasa Cemerlang Sdn Bhd (KSC), a privately owned investment management
company in Malaysia that he co-founded in 1995. KSC provides investment advisory
and fund management services to high net worth individuals and institutions. He
has also served as an independent non-executive director for Mudajaya Group
Berhad and Maxis Bhd and currently serves as non-executive director on the
boards of JayCorp Berhad and Privasia Technology Berhad, both public companies
listed on the Bursa Malaysia (formerly known as the Kuala Lumpur Stock
Exchange). He is also a director and shareholder of Stonehouse Constructions Pte
Ltd. 


Asgari holds a Bachelor of Commerce (Honours) from the University of Melbourne
in Australia and a Masters of Business Administration from Cranfield University
in the UK.


Asgari will be replacing Leonard Harris, who has resigned from the Board of
Directors. The Company would like to express its sincere thanks to Len for his
years of service on the Board. Len has been a director since April 2006 and will
continue to advise the Company on a consulting basis.


On behalf of Indico Resources Ltd.

Robert Baxter, President and Chief Executive Officer

Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dan McIntyre / Dennis Nenadic
IR/Corporate Communications
(604) 398-5377 / (604) 398-5379
+1(604) 398-5387 (FAX)
dmcintyre@indicoresources.com / dnenadic@indicoresources.com
www.indicoresources.com

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