IXI Indigo Explorations Inc

Indigo Exploration Inc. (TSX VENTURE:IXI) reports that it has entered into a
non-binding Letter of Intent (the "LOI") to acquire (the "Acquisition") all of
the issued and outstanding shares of Sanu Resources Burkina Faso SARL, ("Sanu
Burkina") an indirectly owned subsidiary of NGEx Resources Inc. NGEx is a
mineral exploration company listed on the TSX and which trades under the symbol
"NGQ". The primary assets of Sanu Burkina consist of four gold mineral
exploration permits in the Republic of Burkina Faso, West Africa. The
consideration for the Acquisition is Cdn$65,000 and 3,000,000 common shares of
Indigo at a deemed price of $0.15 per share, of which $30,000 was paid on
signing of the LOI. The remaining $35,000 and the 3,000,000 common shares are
due on execution of a definitive agreement and closing, respectively, of the
Acquisition. The number of shares to be issued at closing will be subject to
readjustment if the market price of the shares is less than $450,000, based on
the 10 day average closing market price of Indigo's shares on the TSX Venture
Exchange (the "Exchange"). The proposed Acquisition will be subject to, among
other things, the parties entering into a definitive agreement and to the
acceptance of the Exchange.


The Burkina Faso property package consists of four exploration permits in
greenstone belts that contain significant gold discoveries: Kodyel, Tordo, Lati
and Loto. The four permits held by Sanu Burkina are government granted licenses.
The following description of the four permits is summarized from the NGEx
Resources Inc. Annual Information Form filed under the NGEx SEDAR profile.


Kodyel Exploration Permit

The Kodyel permit lies close to the Niger border approximately 300km east of
Ouagadougou. Access is by paved road as far as Fada N'gourma about 200km east of
Ouagadougou and thence by gravel roads.The Kodyel permit covers an extension of
the Sirba greenstone belt that hosts the Samira Hill gold mine just across the
border in Niger. The geology consists of meta-volcanics associated with
meta-sediments which are affected by NE-SW shearing. Several artisanal workings
occur within the permit, with the most significant being the Kodyel 1, CFA
workings and Tounganga. Here a multiple, massive, quartz veins 1-5m wide
cropping out over more than 400m have been worked by local miners since 1984 to
a depth of over 7m. Highlights of grab samples of quartz from artisanal gold
mining sites on veining, and alteration, within intermediate tuffs and highly
altered, sheared and kaolinized felsic volcanics include 7 gpt Au and 9 gpt Au.
A large part of the permit including the major Tounganga artisanal mining site
remains unexplored.


The permit was held from 1995-1997 by SEMAFO who drilled over 493 RAB, 26 RC and
12 DD holes into the CFA prospect and outlined a small resource. The best
intersection was Hole 196 with 43m of 4.3 gpt Au.


The permit is 100% owned by Sanu Burkina.

Tordo Exploration Permit

The 143 sq. km Tordo permit lies about 150km northeast of Ouagadougou and is
100% owned by Sanu Burkina. The permit covers a portion of the Fada N'gourma
greenstone belt which consists of meta-tuff, meta-sediment and mafic
metavolcanic rocks. A dilational fault splay is focused near the contact of the
greenstone belt and enclosing granites. A number of artisanal gold workings and
lag quartz-float debris fields are associated with these structures. The area
had never been previously explored. A regional and locally detailed soil
geochemistry program has defined a 1300 x 300m soil gold anomaly in saprolite
with peak values to 3000 ppb gold.


Lati Exploration Permit

The 246 sq. km Lati Permit, located in the Boromo greenstone belt, covers a
major north-south shear zone and a number of known but under-explored prospects
as well as an active artisanal mining area. The Lati permit is about 150 km by
road, of which about 100 km is paved, west of Ouagadougou. Lati was previously
explored by the UNDP (United Nations Development Program) and BUMIGEB (Burkina
Faso Office of Mines and Geology) for volcanic-hosted massive sulfides (VHMS)
similar to the Perkoa zinc deposit, as well as by Carlin Resources and Incanore
Resources.


Prior exploration included airborne geophysics, soil geochemistry, trenching,
and drilling. Several anomalous areas that were not followed up include a
gold-in-soil anomaly (1000m by 200m) in the northern part of the permit in which
three samples yielded over 1 gpt Au with a peak value of 6.5 gpt Au; a UNDP
prospect that reported 12m of 2.45 gpt Au in a diamond drill hole; and the
Kwademen artisanal mining area where reported gold mineralization over an area
of 1250m x 250m with isolated values up to 65 gpt Au occurs in quartz veins and
veinlets in a sheared granites and felsic volcanics.


Sanu Burkina has completed a detailed mapping and soil and trench sampling
program to verify and better understand the extent of the reported gold
anomalies before embarking on a program of RC drilling in the most prospective
areas of the permit. The preliminary results show a significant gold and base
metal anomaly approximately 1.5km x 300m near a sediment volcanic contact in the
Kwademen prospect.


Work has concentrated on relocating previously discovered anomalies since there
appeared to significant positional errors in the earlier work. Current work has
confirmed a strong gold and base-metal anomaly with peak gold values to 1480 ppb
near a felsic volcanic-shale contact and suggests that previous work did not
test the gold anomaly adequately.


Loto Exploration Permit

The 93 sq. km Loto exploration permit is located in the Boromo greenstone belt.
The Loto permit lies near the town of Diebougou, approximately 270km by road
from Ouagadougou of which 250km is paved. The area is intensely farmed and it
has taken time to establish a working relationship with the local community.


Attention was first drawn to this area by outcrops of strongly anomalous (1-2
gpt Au) quartz vein swarms in intermediate to mafic volcanics. Sanu Burkina has
covered the areas of quartz veining by regional 400 x 100m soil geochemistry,
rock chip and lag sampling and geological mapping. Results are pending.


Indigo plans programs of concurrent soil geochemistry and air core drilling on
the Lati and Tordo permits and a program of concurrent soil geochemistry and
reverse circulation drilling on the Kodyel permit.


About Burkina Faso

The property package lies in the West African nation of Burkina Faso. West
Africa is underlain by the Birimian Greenstone Belt, one of the most prolific
gold producing areas in the world. A number of the world's major gold companies
are active in West Africa, several with producing mines, including: IAMGOLD
Corporation, AngloGold Ashanti Limited, Randgold Resources Limited, Gold Fields
Limited and Newmont Mining Corporation. Burkina Faso is considered to be
relatively stable, both politically and economically and relies primarily on
farming and mining as it main sources of revenue.


Concurrent Financing

In connection with the Acquisition, Indigo intends to conduct a private
placement of up to 5,000,000 subscription receipts (the "Subscription Receipts")
at a price of $0.20 per subscription receipt for gross proceeds of up to
$1,000,000 (the "Offering"). Each Subscription Receipt will entitle the holder
to acquire, for no additional consideration, one common share of Indigo (a
"Share") and one share purchase warrant (a "Warrant") entitling the holder to
purchase one additional share of Indigo at a price of $0.30 per share for a
period of one year from the date the Subscription Receipts are issued. If during
the exercise period of the Warrants the closing price of Indigo's shares is
$0.45 per share or higher for 20 consecutive trading days, Indigo may accelerate
the expiry time of the Warrants to 20 calendar days from the date written notice
of same is provided to the holders.


On the closing of the Offering, the gross proceeds will be placed into escrow
pursuant to the terms of a subscription receipts agreement (the "SRA") to be
entered into between Indigo and Computershare Trust Company of Canada (the
"Escrow Agent"). Under the terms of the SRA, the Subscription Receipts will
automatically convert into Shares and Warrants on that date (the "Conversion
Date") on which Indigo provides notice to the Escrow Agent that:


(a) Indigo has entered into a definitive agreement that replaces the LOI;

(b) the Exchange has approved or accepted filing of documentation respecting the
Acquisition; and


(c) the Acquisition has closed.

On the Conversion Date, the Escrow Agent will release the proceeds from the
Offering to Indigo. The Shares and any shares issued upon exercise of the
Warrants will be subject to a hold period of 4 months and one day from the date
of Closing of the Offering. If the Conversion Date does not occur on or before
4:00 p.m. (Vancouver Time) on May 31, 2010, all Subscription Receipts will be
automatically cancelled and be null and void and the subscription proceeds held
by the Escrow Agent from the Offering will be returned to the purchasers.


Finders' fees may be payable in connection with the Offering.

The proceeds of the Offering will be used to conduct exploration activities on
Indigo's properties in Burkina Faso and for working capital.


On Behalf of the Board of Directors,

R. Tim Henneberry, P.Geo., President and CEO

R. Tim Henneberry, P.Geo., President and Director of Indigo Exploration Inc., is
the Qualified Person as defined in National Instrument 43-101, who has reviewed
and approved the technical content of this news release.


Forward-Looking Statements

This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
Indigo believes, expects or anticipates will or may occur in the future
including Indigo's strategy, plans or future financial or operating performance
and other statements that express management's expectations or estimates of
future performance.


Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. All such forward-looking
information and statements are based on certain assumptions and analyses made by
Indigo's management in light of their experience and perception of historical
trends, current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances. These
statements, however, are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of Indigo to be materially different from those expressed,
implied by or projected in the forward-looking information or statements.
Important factors that could cause actual results to differ from these
forward-looking statements include but are not limited to: inability to enter
into a final binding agreement with respect to Sanu Burkina, risks related to
the exploration and potential development of Indigo's projects, risks related to
international operations, the conclusions of economic evaluations, changes in
project parameters as plans continue to be refined, future prices of gold, as
well as risk factors discussed in certain of Indigo's continuous disclosure
documents filed on SEDAR.


There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, Indigo does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.

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