Indico Files NI 43-101 Technical Report for its Ocana Copper-Gold Porphyry Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 28, 2014) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased to announce, as a follow-up to its news release dated July 24, 2014, the completion of the National Instrument 43-101 compliant independent technical report (the "Technical Report") in support of its maiden resource estimate for the supergene portion of the Ocaña Porphyry Project. The Technical Report is available for review on the SEDAR website at www.sedar.com under "Company Profiles - Indico Resources Ltd." and on the Company's website at www.indicoresources.com.

About Indico Resources Ltd.

Indico is a mineral resource exploration company focused in the discovery and exploration of porphyry copper-gold deposits in South America. The Ocaña Copper-Gold Porphyry Project, located in the Arequipa Region of Peru, is the Company's primary exploration project and is currently the main focus of exploration activities. In addition, the Company has entered into a Memorandum of Understanding to acquire up to a 100% interest in the Maria Reyna Cu-Mo porphyry-skarn project in the Andahuaylas-Yauri Belt, Cusco Region, of Peru. For more information on Indico and the Ocaña Porphyry Project, please visit our website at www.indicoresources.com.

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.