Indico Resources Ltd. announced that based on recent meetings with Aruntani both parties have agreed on a name change for the project to Acana. The partners have agreed to the next steps in order to advance the project towards production. The partners agreed that the funding of the Acana project will be used for the following purposes: additional surface rights acquisition Permitting and associated reporting All technical studies on the Acana project resource and reserve evaluation drilling programs to establish a larger resource of leachable copper Completion of a PEA 43-101 technical report on the Acana project Development of a mine plan permits and authorizations for mineral processing Environmental reports.

Initially a 3,000 meter drilling program focused on the leachable copper resource. Additional metallurgical sampling will be undertaken as will other activities to complete a PEA prior to the end of 2015.