PORPHYRY & SKARN COPPER-MOLYBDENUM-GOLD EXPLORATION

TSX-V: IDI April 17, 2014

tel: +1.604.638.5938 ▐ email: info@indicoresources.com ▐ www.indicoresources.com shortform

TSX-V: IDI DISCLAIMER

Certain statements contained in this document, including, without limitation, those concerning

the economic outlook for the mining industry, expectations regarding metal prices and

production, the completion and commencement of commercial operations of certain of Indico

Resources Limited (IDI) projects, and its liquidity and capital resources and expenditure, contain

certain forward-looking statements regarding IDI’s economic performance and financial

condition. Although IDI believes that the expectations reflected in such forward-looking

statements are reasonable, no assurance can be given that such expectations will prove to have

been correct. Accordingly, results could differ materially from those set out in the forward-

looking statements as a result of, among other factors, changes in economic and market

conditions, success of business initiatives, changes in the regulatory environment and other

government actions, fluctuations in metal prices and exchange rates, and business and

operational risk management. IDI undertakes no obligation to update publicly or release any

revisions to these forward-looking statements to reflect events or circumstances after the date of

the annual report. All subsequent written or oral forward-looking statements attributable to IDI

or any person acting on its behalf are qualified by the cautionary statements herein.

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TSX-V: IDI COMPANY STRUCTURE

January 3, 2014

Shares Issued 98.7 million

Options 6.0 million

Warrants 55.4 million

Fully Diluted 160.1 million

52 week high/low $0.28/$0.06

Market Cap $17.09 million

Outstanding Incentive Stock Options Expiry Price Amount Proceeds

02/05/2014 $0.21 1,190,000 $ 249,900

10/07/2014 $0.15 345,000 $ 51,750

22/10/2014 $0.24 2,750,000 $ 660,000

24/09/2015 $0.10 1,720,000 $ 172,000

TOTAL $ 1,133,650

Insiders: 32.6 million shares 33.5%

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1 Year Chart

TSX-V: IDI

ROBERT BAXTER President, CEO & Director Mr. Baxter brings over 25 years of experience, principally in Latin America, in the mining industry. Mr. Baxter is the General Manager of Baxter Consultants Engineering, a consulting company located in Peru. From May 2000 to September 2000, he held the position of Business Development Coordinator Americas for North Limited, a senior Australian mining company acquired by Rio Tinto, PLC in October 2000. Also at North Limited, Mr. Baxter held the posts of Regional Geologist, Americas from June 1999 to May 2000 and Regional Manager (Chile/Argentina) from November 1996 to June 1999. Mr. Baxter was previously a Director of Petaquilla Minerals Ltd. and was also a director of Chariot Resources Ltd. which was sold to China Sci Tech, a Hong Kong listed company. Mr. Baxter was the Chairman of the Board of Marcobre S.A.C., a 100% fully owned subsidiary of China Sci Tech, until September 2010. He was President, Director and Chief Operating Officer of Norsemont Mining Inc. until March 2011 when the company was acquired by Hudbay Minerals. Mr. Baxter is also a director of Pan Global Resources Inc..

JOHN DROBE Chief Operating Officer John is a geologist with over 25 years experience specializing in porphyry copper-gold, epithermal and skarn deposits throughout Latin America. Previously John held the position of Chief Geologist for Corriente Resources, and was responsible over a 10-year period for all aspects of exploration and resource definition at the company's Mirador, Panantza, and San Carlos porphyry copper deposits. John is also currently the VP Exploration for Dorato Resources. John is the Qualified Person, as defined by National Instrument 43-101, for all technical content in this presentation.

PEGGY WU Chief Financial Officer Ms. Wu is a Chartered Accountant (2009) with strong working knowledge of International Financial Reporting Standards, Canadian and US Generally Accepted Accounting Principles and public company reporting requirements. She is currently the CFO for Corvus Gold Inc., Corporate controller for Cardero Resource Corp., as well as the Financial Reporting Specialist for the Cardero Group of Companies, which include Balmoral Resources Ltd. and Abzu Gold Ltd. Previously, she served as the Senior Staff Accountant and Supervisor at Smythe Ratcliffe LLP, Chartered Accountants, from 2007 to 2010, where she oversaw all aspects of financial reporting for several publicly traded companies.

MANAGEMENT

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TSX-V: IDI

HENK VAN ALPHEN Director Mr. van Alphen has been in the mining business for 24 years. He began his career as a successful exploration/drilling contractor, and then became the President of Pacific Rim Mining Corp. ("Pacific Rim") where he laid the foundation for Pacific Rim to become a successful South American based resource company. He served as Vice-President of Corriente Resources Inc. from 1994 to 1999, following which he became the President of Cardero Resource Corp. ("Cardero") in 1999, the cornerstone of the Cardero Group of Companies. Mr. van Alphen also holds directorships with the following companies: International Tower Hills Mines Ltd., Ethos Capital Corp. and Wealth Minerals Ltd.

BOB PARSONS Director Mr. Parsons is a Chartered Accountant and retired PricewaterhouseCoopers partner after a career spanning 34 years. He currently serves on the Advisory Board of the Indonesian Mining Association and the International Affairs Committee of the Prospectors and Developers Association of Canada (PDAC), where he served on the board between 1985-2003, the Indonesian Mining Association, the Canada Indonesia Chamber of Commerce, the World Mines Ministries Forum, the Canadian Minerals Industry Federation, the Advisory Council of the Centre for Resource Studies at Queens University, and the Professional Advisory Board of the Government of Canada’s Petroleum Monitoring Agency. He has previously served on the boards of several listed exploration companies. Mr. Parsons is an active independent consultant in developing countries, where he has advised nineteen governments on mineral policy matters.

PATRICK EVANS Director Mr. Evans is the President and CEO of Mountain Province Diamonds Inc. and Kennady Diamonds Inc. Between 1999 and 2006, he held senior management positions with several exploration companies, including SouthernEra Resources Ltd., Messina Limited., Southern Platinum Corp (acquired by Lonmin Plc. in June 2005), and Weda Bay Minerals Inc. (acquired by Eramet S.A. in 2006). Mr. Evans was also the CEO and a director of Norsemont Mining Inc., which was acquired by HudBay Minerals Inc. in 2011, and was non-executive director of Anvil Mining Ltd. acquired by Minmetals in 2011. He was a career diplomat from 1979 to 1998 and is currently a non-Executive director of Pan Global Resources.

ASGARI BIN MOHD FUAD STEPHENS Director

Asgari has over 25 years of experience in equity investing in Malaysia. He has served as an independent non-executive director for Mudajaya Group Berhad and Maxis Bhd. He is currently a director and founding member of Intelligent Capital Sdn Bhd (Intelligent Capital), a director of Kumpulan Sentiasa Cemerlang Sdn Bhd (KSC) and Stonehouse Constructions Pte Ltd., as well as a non-executive director on the boards of JayCorp Berhad and Privasia Technology Berhad.

BOARD OF DIRECTORS

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TSX-V: IDI

BRIAN KERZNER Director Mr. Kerzner has over 23 years of experience as a successful entrepreneur in retailing and real estate. Mr. Kerzner is the Founder and President of Rocky Mountain Chocolate Factory Canada Inc., which operates retail chocolate stores from coast to coast in Canada. He has also founded several other private companies that have completed extensive residential and commercial development in Toronto, Phoenix, Whistler and Vancouver. Mr. Kerzner has been extensively involved in providing seed capital for many successful public and private companies in the resources, environmental and technology sectors. He was recently a director of Norsemont Mining Inc.

DAVID SAVAGE Director Mr. Savage is Chairman of Stonehouse Construction Limited, a project development company based out of Singapore. Mr. Savage has held senior executive roles in the construction industry in Australia, Asia and the Middle East for more than 25 years. From 1988 until March 2011, Mr. Savage was a senior executive with the Leighton Group of Companies, Australia's largest construction and project development group. He holds a non-Executive Director position with Mudajaya Corporation Berhad, a Malaysian construction conglomerate, listed on the Kuala Lumpur Stock Exchange.

ERIC WARDLE Director Eric Wardle is the Managing Director at Stonehouse and has worked in the construction industry for the last 28 years in the United Kingdom, Middle East, Africa and Asia. He has held senior executive roles for the last 13 years and is currently the Managing Director of Stonehouse Construction. Mr Wardle joined Leighton (Malaysia) Sdn Bhd in 1995 as a project manager. In 2008 Mr Wardle was appointed Chief Operating Officer of Leighton International Limited, reporting to the Managing Director and was involved in the corporate over-sight of all business units across South East Asia, Middle East, Central Asia and Africa.

TAREK DAMERJI Director Tarek Damerji graduated from McGill University in Montreal with a double Major in Economics and Political Science and worked in Corporate Finance for the Toronto Dominion Bank, managing loan and financial portfolios for some of Canada’s largest companies before returning to the Middle East and becoming one of the founders of Bayt.com.. Tarek sold his interest in Bayt to a leading U.S. based Private Equity firm, and founded Wajehat, a company that specialised in the design, engineering and project management of Facades for buildings, and later became the Special Projects Director for the Al Habtoor Leighton Group (HLG). He is also on the Board of Directors for Stonehouse.

BOARD OF DIRECTORS

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TSX-V: IDI STONEHOUSE - INDICO ALLIANCE

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In January 2013, Indico and Stonehouse Construction (SHC) signed a Heads of Agreement to form an Alliance on Indico’s mining properties in Peru.

SHC will develop, construct and operate the mines in Peru, based on a 10% fee on cost for the service provider; with the agreement based on open book Alliance principles.

SHC will commit to raise a minimum of 33.3% of required capital for the implementation of any construction as operating capital to be charged on throughput rates.

TSX-V: IDI INTRODUCING STONEHOUSE CONSTRUCTION

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Formed by a diverse group of shareholders with established construction and mineral interests spanning South East Asia, India, United Arab Emirates and the Americas.

A mine developer, operator and construction company with a current presence in South East Asia and Canada.

Currently developments include gold projects in Ghana.

Management team has an extensive and proven track record in creating and establishing successful, profitable, and sustainable businesses in the international construction and mining sectors.

TSX-V: IDI STONEHOUSE SUPPORT

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Identify, finance, develop and deliver high-potential Mining and Minerals opportunities, drawing on existing technical partnerships

Conduct due-diligence on post exploration mining assets, with a view to add value and higher returns on investment, through its investment, financial structuring, project management, full scale mine operation and minerals processing capability.

Provision of key experienced mining executive & technical staff.

“Nation-Building” EPC or EPCM Infrastructure and Building Projects, experience-leveraged capability to deliver complex infrastructure and building projects through EPC or EPCM arrangements gives confidence that projects are delivered to the customers satisfaction.

TSX-V: IDI STONEHOUSE MINING EXPERIENCE

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Coal – Mt Owen (Australia); Wahana (Indonesia); Sebuku (Indonesia); Amcoal Springbok (South Africa); Kaltim Prima (Indonesia); Merit Pila (Malaysia); Kideco Coal (Indonesia); Arutmin Coal (Indonesia); Merak Coal (Indonesia), Satan Batubara (Indonesia).

Gold – Petropavlovsk (Russia),Intrepid (Australia); Avocet (Malaysia); Abzu (Ghana); Nui Phao (Vietnam); Cerro Atajo (Argentina); Cordillera del Condor (Peru); Ashton minerals (Australia); Granny Smith (Australia); Southern Cross(Australia); Nullagene (Australia); Harlequin Decline (Australia); St Ives mines (Australia); Minahasa Raya (Indonesia); Batu Hijau Newmont (Indonesia);

Iron Ore – Aricom (Russia), OneSteel (Australia), Sheini Hills (Ghana), Pampa de Pongo (Peru)

Nickel – Mt Keith (Australia); Caldag (Turkey) Copper – Tintaya (Peru); Taca Taca (Argentina); Mt. Isa Mines (Australia) Lead/Zinc – El Brocal (Peru); Santander (Peru); Kria (Canada); Hindustan (India) Mineral Sands – Tiomin (Kenya) Uranium – Olympic Dam (Australia); Diamante de Los Patos (Argentina) Diamonds – Jwaneng (Botswana)

TSX-V: IDI SOUTHERN PERU PORPHYRY COPPER BELT MORE THAN 40 YEARS OF COPPER PRODUCTION

TOQUEPALA MINE (Southern Copper)

3,398 million tonnes @ 0.47% copper

Proven & Probable

CUAJONE MINE (Southern Copper)

2,626 million tonnes @ 0.47% copper

Proven & Probable

CERRO VERDE (Freeport – Cerro Verde)

3,571 million tonnes @ 0.40% copper

Proven & Probable

QUELLAVECO PROJECT (Anglo American)

916 million tonnes @ 0.65% copper

Proven & Probable

ZAFRANAL PROJECT (AQM - Teck)

557 million tonnes @ 0.36% copper

Measured & Indicated

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50 km

TSX-V: IDI LOCATION AND INFRASTRUCTURE

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50km

Ocaña

Toquepala

Quellaveco Cuajone

Zafranal

Matarani Port

Ilo Port

Cerro Verde

Power : Rio Ocoña Run of River 180MW project (2015) or National Grid lines Port: ~180km from Matarani deep port

Transmission Lines

500 kv (tendered)

220 kv 138 kv 60 kv Ocoña

Substation

Substations Ocoña Substation

to be ready for 2014

Chuquibamba 41km to east

Chuquibamba Substation

TSX-V: IDI PROPOSED LOCAL POWER GRID

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Chuquibamba Substation

Proposed Transmission Lines

60 kv

Idea is to share Chuquibamba Sub-station

San Juan 4MW

Ocaña 6MW

Existing Transmission Lines

20km

TSX-V: IDI

OPTION AGREEMENT

INDICO CLAIMS

110 sq. km. property package

100% clear ownership at completion

SX/EW and large-tonnage Cu-Au sulphide

potential confirmed by 2012 drilling

programme

OCAÑA PROPERTY

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Year Cash Shares

TSX-V Approval $387,272

2011 (April 20th) $322,727 200,000

2012 $451,818 300,000

2013 $516,364 500,000

2014 $580,909 1,000,000

2015 $15,490,909 6,500,000

TOTAL $17,750,000 8,500,000

TSX-V: IDI OCAÑA PROPERTY - OVERVIEW

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Camp

Looking Northeast

Good Logistics

Low elevation, between 1700 and 2200 m.a.s.l.

Large gently sloping areas suitable for mine infrastructure (heap leach pad, plant)

Desert environment allows for low maintenance roads & drill platforms

Water for drilling 10 km away in the large Rio Ocoña

Trafigura drill road As of April 6, 2014

Cerro Pecoy

Ocaña

TSX-V: IDI

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Jimena Prospect

Waka Waka Prospect

TALUS FINES MOLYBDENUM

Jimena Prospect has good correlation of Mo and clay alteration

Drilling only tested 2/3 to 1/2 the Mo anomaly

Waka Waka clay and Mo anomaly are offset: different style? Needs more work

CLAY ALTERATION INTENSITY + TALUS FILES MOLY

Concession limit

Indico Drill Holes

TSX-V: IDI JIMENA PHASE 2 DRILL RESULTS

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Phase 1: mid-2011 2200 m in 5 holes Mineralization starts

near surface Clipped copper oxide &

2nd sulphide in shallow supergene zone along south margin

*Copper equivalent calculations represent the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent copper percentage. These results are exploration results only and no allowance is made from recovery losses that may occur should mining eventually result. The three-year, moving-average metal prices used for the purposes of the equivalency calculations are copper $US3/pound, gold $US1200/ounce, molybdenum $US15/pound and silver $US21/ounce.

Phase 2: late-2012 4733 m in 19 holes Defined supergene

blanket with soluble Cu mineralization

Intersected highest-grade breccia-hosted hypogene mineralization, still open to east

TSX-V: IDI

OKA-5

VIEW TO EAST - PHASE 2 DRILL RESULTS

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48m of 0.68% Cu

54m of 0.81% Cu

OCA05 at 12m: CuOx/SO4 in oxide zone

OKA-1

OKA-4

Supergene Cu oxide and sulphide Zone

OCA03

OCA01

OCA02

OCA04&5

OKA-3 OCA06

OCA04: chalcopyrite matrix in breccia

OCA07

OCA008

OCA10 OCA11&14

OCA12 OCA09

OCA15

OCA13

OCA16

OCA18

OKA-2

High-grade Cu-Au Hypogene Zone

OPEN ?

?

51m of 0.49% Cu

51m of 0.56% Cu

44m of 0.73% Cu

14m of 1.29% Cu

300m of 0.48% Cu

0.17g/t Au

50m of 0.65% Cu

16m of 0.47% Cu

225m of 0.35% Cu

0.15g/t Au

264m of 0.36% Cu 0.15g/t Au

TSX-V: IDI SUPERGENE TARGET – PHASE 2 DRILL HOLES

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OCA19 at 114 - 121m: deep-penetrating oxidized fractures and fine disseminated chalcocite: 0.45% Cu and 79% soluble

View to south over central and southern ridges

OCA07: 54m of 0.81% Cu

OCA11 & 14 OCA07

OCA03

Supergene Cu oxide and sulphide zone

View to north showing platforms on south ridge

OCA17

OCA07

OCA15

OCA13

OCA12

OCA19

OCA12

OCA13 OCA15

OCA10

OCA03

OCA06 OKA-01

OCA18 OCA16

54m of 0.81% Cu

51m of 0.49% Cu

51m of 0.56% Cu

48m of 0.68% Cu 100m of

0.28% Cu

50m of 0.65% Cu

34m of 0.80% Cu

44m of 0.73% Cu

TSX-V: IDI OCAÑA PHASE 3 DRILLING – NEARLY COMPLETE

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Phase 3 Drill Proposal 4650 m in 36 holes 32 infill holes at 75-100m spacing to define

supergene zone for initial resource estimation 4 holes will probe eastern limits of high-grade

hypogene

Phase 3 Budget Drilling & Support

$2.7M Metallurgy $400,000 PEA Study $600,000 TOTAL: $3.7M

High-grade Cu-Au Hypogene Zone

OPEN to SE

Final holes in Supergene Cu oxide and sulphide zone

Deep holes to test high-grade hypogene sulphide zone

View to south showing platforms on south ridge

TSX-V: IDI OCAÑA PHASE 3 DRILLING – RESULTS & PROGRESS

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Phase 3 Drill Progress Drill mobilized in early

December 2013 Completed 24 holes to

date, totaling 2262m Holes have intersected

anticipated widths of leached and supergene mineralization

Results from first 6 holes shown on map

Supergene portion should finish by mid-May

Current

TSX-V: IDI SUPERGENE TARGET – PHASE 3 HOLES COMPLETED

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View to south over central and southern ridges

OCA11 & 14 OCA07

OCA03

Supergene Cu oxide and sulphide zone

OCA12

OCA13 OCA15

OCA10

OCA06 OKA-01

OCA18 OCA16

50m of 0.65% Cu

34m of 0.80% Cu

44m of 0.73% Cu

Deep Chalcocite

Zone

Phase 3 holes completed

Deep Chalcocite Zone: Last hole, OCA19, of

Phase 2 intersected wide interval of deep chalcocite

Four new holes confirm widespread chalcocite around hole OCA19, as well as east of OCA15

OCA19 at 114 - 121m: deep-penetrating oxidized fractures and fine disseminated chalcocite: 0.45% Cu and 79% soluble

View to north showing platforms on south ridge

OCA17

OCA07

OCA15 OCA13

OCA19

OCA12 OCA03

54m of 0.81% Cu

48m of 0.68% Cu

Deep Chalcocite

Zone

?

? 100m of 0.28% Cu

51m of 0.49% Cu

51m of 0.56% Cu

Deep Chalcocite

Zone

View to north showing platforms on south ridge

OCA17

OCA07

OCA15 OCA13

OCA19

OCA12 OCA03

54m of 0.81% Cu

48m of 0.68% Cu

Deep Chalcocite

Zone

?

?

51m of 0.49% Cu

51m of 0.56% Cu

TSX-V: IDI SUPERGENE TARGET – DEEP CHALCOCITE TARGET

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Deep Chalcocite Zone: Widespread chalcocite

over widths of 100m down to 1700m elevation

This deep mineralization extends to west, thinning toward current hole

Sections

Supergene Hypogene Supergene

Hypogene

Phase 3 holes completed

100m of 0.28% Cu

TSX-V: IDI OCAÑA SCHEMATIC SECTION

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TSX-V: IDI OCAÑA PHASE 4 FEASIBILITY DRILLING

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Feasibility Study Contingent on successful

PEA Drill additional 3600

metres in 36 holes at roughly 50 metre spacing

Aim is to convert bulk of resources to reserves

Budget is $4.6M

TSX-V: IDI OCAÑA SX/EW PROJECT - HIGHLIGHTS

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Mineralogy of the oxide species consists of chrysocolla, chalcanthite and brochantite with minor azurite.

Sooty chalcocite makes up about 50% of the supergene material.

Large areas are available for leach pads adjacent to the proposed mining area.

Additional mineralized material is known to exist on the neighbouring Trafigura Property

Mining of the oxide-supergene mineralization would leave the sulphide body with low 1:1 strip ratio making mining very low-cost.

TSX-V: IDI SUPERGENE ORE: SOLUBLE COPPER FOR SX/EW

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Solvent extraction and electrowinning (SX/EW) is a two-stage metallurgy process that first extracts and upgrades copper ions from low-grade acidic leach solutions into a solvent containing a chemical that selectively reacts with and solubilizes the copper in the solvent. The copper is extracted from the solvent with strong aqueous acid which then deposits pure copper onto cathodes using an electrolytic procedure (electrowinning).

Soluble Copper Exploration Target*: Current geological concept is 20-40

million tonnes of supergene mineralization

Grade is 0.4 – 0.6% Cu Preliminary lab tests indicate 75 - 85%

recovery Main minerals are copper oxides,

sulphates, and secondary sulphide (chalcocite)

*Note: These quantity and grade ranges are conceptual in nature, as there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource. This exploration target is based on the drill results as illustrated in the maps and sections within the presentation, and also available in more detailed versions on our website.

TSX-V: IDI OCAÑA PHASE 3 OBJECTIVES

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Phase 3: Drill the SX/EW project Convert the current conceptual geological target* of a 20-40Mt SX/EW project with

grades between 0.4% Cu and 0.6% Cu to an initial resource estimate Metallurgical testing should repeat sequential leach average recoveries of 75 - 85% Cu Baseline environmental studies Prepare PEA on the basis of the initial resource estimate and other data, leading to fast

tracking and permitting of SX/EW project by Q1 2015.

Phase 3: Drill the Sulphide extensions Intersected highest-grade breccia-hosted hypogene mineralization in Phase 2, still

open to east which will be further defined in Phase 3 drilling by an additional four holes.

Sulphide mineralization continues to the north onto the Trafigura property. Trafigura recognize and commented in our meetings that the Indico and Trafigura

properties will have to be unitized or consolidated going forward.

*Note: These quantity and grade ranges are conceptual in nature, as there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource. This exploration target is based on the drill results as illustrated in the maps and sections within the presentation, and also available in more detailed versions on our website.

TSX-V: IDI MARIA REYNA PROPERTY LOCATION AND NEIGHBOURING DEPOSITS

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Andahuaylas-Yauri Belt – Southern Peru

LIMA Huancayo

Cusco

Arequipa

Constancia Tintaya Antapaccay Coroccohuayco

Eocene – Oligocene Belt

Maria Reyna Haquira Las Bambas

100km

*Cotabambas (95km): 404MT @ 0.42% Cu, 0.23 g/t Au Las Bambas (62km): 1.7BT @ 0.60% Cu, 166 ppm Mo **Haquira (66km): 690MT @ 0.59% Cu, 120 ppm Mo

***Constancia (8km): 450MT @ 0.36% Cu, 102 ppm Mo Tintaya (75km): 720MT @ 0.56% Cu

Antapaccay (75km): 1BT @ 0.49% Cu

Cotabambas

* Inferred resources ** Measured & indicated *** Reserves only

PLAYERS Xstrata: Las Bambas (23 billion pounds copper) Tintaya District (26 billion pounds copper)

Panoro: Cotabambas (3.7 billion pounds copper, 3 Moz. gold)

First Quantum: Haquira (12 billion pounds copper)

Hudbay: Constancia (5.7 billion pounds copper), located only 10 kilometres away

TSX-V: IDI

MARIA REYNA CLAIMS 3164 hectare option package with four identified Cu

skarn zones

One drill-confirmed Cu-Mo porphyry under SW Zone;

three others possible

Located on all-season dirt road, about 4.5 hours from

regional capital of Cusco

Less than a third of the concessions are covered by

geochemical and geophysical surveys

MARIA REYNA PROPERTY

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Cu Rock Grid

TSX-V: IDI MARIA REYNA PROPERTY – SOUTHWEST ZONE

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SW Zone – looking NE

DH-010: DH-004: 230m of 0.35% CuEq

DH-003 DH-009

DH-011:

62m of 0.68% CuEq (EOH)

160m 1.03% CuEq

72m of 0.47% CuEq

5 hours to Cusco

45 minutes to Constancia

Cu-Mo project

*Copper equivalent calculations represent the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent copper percentage. These results are exploration results only and no allowance is made from recovery losses that may occur should mining eventually result. The three-year, moving-average metal prices used for the purposes of the equivalency calculations are copper $US3/pound, molybdenum $US15/pound and silver $US21/ounce.

VALE 2010 DRILLING

completed 11 holes

totaling 5585 metres

mostly targeted highest

Cu anomaly in surface

outcrops

Several intersections of

shallow skarn and minor

endoskarn

Weak – moderate

porphyry mineralization at

depth

Strongest mineralization

is within breccia with semi-

massive sulphides:

80m of 1.71% CuEq, within

160m of 1.03% CuEq

TSX-V: IDI MARIA REYNA HIGHLIGHTS

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Four mineralized Cu-Mo ± Au porphyry-skarn systems of which only one, the SW Anomaly, was partially tested with wide-spaced drilling by Vale in 2010.

Vale drilling successfully defined a porphyry-skarn footprint which could potentially be additional mine feed for the Constancia milling complex under construction by Hudbay Minerals: “We want … to be able to get other satellite deposits that can feed the plant we are currently building”.*

Higher-grade skarn near surface not fully defined, but obvious focus for next phase of drilling.

The NE Anomaly appears to be a large porphyry system with peripheral skarn which is the subject of informal mining.

The North Skarn anomaly was trenched by Phelps Dodge in the 90´s and is a large copper-gold mineralised skarn field with suspected underlying porphyry copper±gold mineralization.

Panoro’s Kusiorcco Anomaly of extends onto the southeast corner of the property and surface geology strongly suggests a porphyry centre.

*interview with Cashel Meagher, Hudbay’s Vice-President for South America, CIM Magazine, August 2013

TSX-V: IDI

Option Agreement

Proposed Budget (12 months) corner to corner soil sampling (3100 samples) with

mapping: $100,000

Scout drilling NE Zone and North Skarn (5,500m):

$2M

Property Payments (see above): $2M

Logistics (personnel, camp): $1.1M

Community: $100,000

Studies (metallurgy, resource estimates): $400,000

TOTAL BUDGET = $5.7M

Date Cash Shares

TSX-V Approval $2,000,000 -

On the Drilling Date - 1,000,000

6 months after Drilling Date - 1,000,000

12, 18, 24, & 30 months after - 2,000,000

36 & 48 months after - 5,000,000

60 months after $20,000,000 10,000,000

TOTAL $22,000,000 30,000,000

MARIA REYNA PROPERTY PROPOSED EXPLORATION

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Cu Rock Grid

TSX-V: IDI SUMMARY

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The two newest copper discoveries in Peru: Ocaña & Maria Reyna

Both are large-scale Cu-Au-Mo sulphide projects

Low cost SX/EW copper potential at Ocaña, plus upside on neighbouring property

We have more than 50 years combined experience successfully exploring, developing, building and operating mines in Peru

TSX-V: IDI CONTACT INFORMATION

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CORPORATE OFFICE Indico Resources Ltd. 1108 - 1166 Alberni Street Vancouver, BC V6E 3Z3 Phone : +1 604.638.5938 Fax: +1 604.398.5387 Email : info@indicoresources.com Website: www.indicoresources.com Contact: Robert Baxter bbaxter@indicoresources.com