Indigo Exploration Increases Non-Brokered Private Placement up to 7,683,333 Units

News Release

Indigo Exploration Increases Non-Brokered Private Placement up to 7,683,333 Units

February 20, 2018 - Vancouver, British Columbia. Indigo Exploration Inc. (the “Company”)

(TSX-V: IXI, FSE: INE) is pleas ed to announce that it has incre ased a non-brokered private

placement (the “Offering”) previously announced on February 5, 2018 from up to 7,000,000

units (the “Units”) to up to 7,683,333 Units at a price of $0.0 3 per Unit for gross proceeds of up

to $230,500. Each Unit is comprised of one common share and one share purchase warrant, each

warrant entitling the holder to purchase one additional common share at a price of $0.05 per

share for a period of three years from the date of issuance of the Units. All other terms and

conditions of the Offering, as previously announced, will remain the same.

Assuming the Offering is fully subscribed, the Company plans to allocate the gross proceeds of

the Offering to: (i) Burkina Faso General & Administration cos ts including: office, part-time

salaries, land taxes and legal ($100,000); (ii) Head Office Ge neral & Administration costs

including: accounting, audit, TSX -V fees, transfer agent, and a nnual general meeting ($75,000);

(iii) Extraordinary costs rela ted to maintaining the Hantoukour a title including: travel expenses,

legal costs, and additional advocacy support personnel in Burki na Faso ($40,000) and (iv)

Offering costs including: finders fees and regulatory filing fees ($15,000).

There is no minimum subscription amount. The Company may pay finder’s fees on a portion of

the Offering in accordance with applicable securities laws and the policies of the TSX Venture

Exchange (the “Exchange”).

The Offering is subject to receipt of approval of the Exchange. The securities issued pursuant to

the Offering will be subject to a four month and one day statutory hold period.

On Behalf of the Board of Directors,

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley: (604) 340-7711

Website: www.indigoexploration.com

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.