Indico Announces Resignation of A Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 18, 2014) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) announces the resignation of Eric Wardle as a director of the Company. The Company will therefore be nominating only seven directors for re-election at the Company's annual general meeting scheduled to be held on December 11, 2014, namely, Robert Baxter, Hendrik van Alphen, Tareq Damerji, Brian Kerzner, Robert Parsons, David Savage and Asgari Stephens.

The Board of Directors would like to thank Mr. Wardle for his contributions to the Company and wishes him well in his future endeavours.

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.