DIAMOND EXPLORATION – Darby project to get $8.5M-worth of work

NUNAVUT - This year, TECK COMINCO of Vancouver has promised to spend $8.5 million to explore the Darby diamond property 120 km southwest of Kugaaruk. The program will include prospecting, heavy mineral sampling, airborne and ground geophysics and a drill campaign. Work is to begin in early May.

Five kimberlite bodies were confirmed on the property last year. The largest is Iceberg, estimated to cover 11 ha of ground. Core from Iceberg is being tested at the Saskatchewan Research Council.

The Darby property is owned by INDICATOR MINERALS, also of Vancouver. Teck Cominco was granted an option to earn 51% interest in the Darby project in June 2006. The company has agreed to operate the exploration program and spend $14 million over four years. The HUNTER EXPLORATION GROUP also has a 20% interest in the project.

More information about the Darby exploration program is available at www.IndicatorMinerals.com.