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Indicator Minerals Inc.: Grant of Incentive Stock Options


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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2010) - Indicator Minerals Inc. (TSX VENTURE:IME) (the "Company") announces that it has granted, subject to regulatory approval, a total of 1,100,000 incentive stock options to certain directors, officers, consultants and employees of the Company pursuant to the Company's Stock Option Plan. The options are exercisable for a period of five (5) years at a price of $0.15 per share.

On Behalf of the Board of Directors,

Bruce Counts, President


Neither the 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.


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