TSX-V: IDI.

IQUITOS

PUCALLPA

YURIMAGUAS

CHICLA YO

TRUJILLOSANTA LUCIA

ICA

NAZCA

AREQUIPA

MATARANI

CUSCO

LIMAPERU

SOUTHAMERICA

PERU

OCAÑA

PORPHYRY COPPER GOLD EXPLORATION PROJECTS

www.indicoresources.com

CALLAO

CORPORATE PRESENTATION

OTCQX: IDIFF

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

contents

company structure

Peru copper

Ocaña project

project generation

summary

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TSX-V: IDI COMPANY STRUCTURE

June 2011

Shares Issued 22.7 million

Options 0.7 million

Warrants 6.9 million

Fully Diluted 30.3million

52 week high/low $0.95/$0.35

Cash Position $1.5 million

Outstanding Warrants Expiry Price Amount Proceeds

12/10/2011 $0.25 1,500,000 $375,000

19/10/2011 $0.60 5,000,000 $3,000,000

19/10/2011 $0.65 350,000 $227,500

$3,602,500

Outstanding Incentive Stock Options Expiry Price Amount Proceeds

08/12/2012 $0.55 625,000 $343,750

02/12/2010 $0.84 100,000 $84,000

$427,750

Significant Shareholders Insiders 2,083,750 6.8%

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TSX-V: IDI

GARY FREEMAN President, CEO & Director Mr. Freeman is a Vancouver based entrepreneur and financier who has held a number of executive positions and been instrumental in financing, marketing and shareholder relations' capacities with several junior exploration companies. Mr. Freeman has over 23 years of valuable experience in the industry, including a number of years in the brokerage industry. Most recently, Mr. Freeman was President and CEO of Pediment Gold Corp and is currently President & CEO of Ethos Capital Corp.

DANIEL MARINOV Chief Geologist Daniel has 22 years’ experience as an exploration geologist including work with Rio Tinto and a decade with Anglo American. He has significant experience in precious and base metal exploration having worked throughout eastern Europe, Asia, Australia, as well as Central and South America. His skill base includes carbonate-hosted zinc-lead, broken hill type, iron ore and most critically copper-gold porphyry-epithermal deposits. Most recently, Daniel was the exploration manager at Anglo’s Michiquillay porphyry copper-gold-moly deposit in Peru.

WILLIAM ESPINOZA Project Geologist William is a geologist who graduated from the Universidad Nacional de Cajamarca, Peru. He is an experienced exploration geologist specializing in epithermal and porphyry environments. William was previously employed by Newmont Peru Limited (Minera Yanacocha SRL) working on regional exploration throughout Peru as well as the Yanacocha Mine. Most recently, William was employed by Anglo American, working chiefly at the Michiquillay porphyry development project in Peru. William brings considerable porphyry exploration and project generation experience to Indico and in particular, his experience throughout Peru will be invaluable as Indico seeks to acquire additional porphyry targets.

MANAGEMENT & STAFF

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TSX-V: IDI

GARY FREEMAN President, CEO & Director

KEITH HENDERSON Director Keith is a mining industry executive with almost 20 years global experience in Africa, Europe, and the Americas. He has extensive knowledge of the exploration and mining business from both a Major and Junior public company perspective. He is currently President & CEO of Dorato Resources, Vice-President Exploration at Cardero Resource Corp. and a director for Coalhunter Mining.

COILLE VAN ALPHEN Director Susannah Coille Van Alphen is currently working with Cardero Resource Group in their corporate development team. She has industry and investment banking experience through working with a leading public institution and one of Canada’s largest independent investment dealers. In these roles, Ms. Van Alphen was involved in public and private equity transactions and negotiating mergers and acquisitions. Ms. Van Alphen holds a Masters in Business Administration from the Richard Ivey School of Business at the University of Western Ontario, graduating with distinction.

LEN HARRIS Director Leonard Harris is a metallurgist who has had a long and successful career in the mining industry. Of particular importance is Len's career in Peru, where he was President of Newmont Peru Limited and General Manager of Minera Yanalocha South America. It was under Len's leadership that Yanacocha became South America's most successful gold mine.

MIKE KINLEY Director Mike possesses extensive public company experience and, the financial qualifications to play an important roll as the Company continues to rapidly expand. Mike received his Chartered Accountant designation in 1973, was admitted to the Chartered Accountants of Nova Scotia in 1980 and the Chartered Accountants of British Columbia in 2003 and was a partner for a large national accounting firm.

BOARD OF DIRECTORS

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TSX-V: IDI PERU INVESTMENT & MINING

Country Morgan Stanley

Rating*

Chile 77

Peru 74

Mexico 71

Brasil 66

Argentina 65 *Attractiveness of mining policies and mining

potential in Latin America (top 5 jurisdictions). Scores out of 100.

Peru Production World Ranking

Silver 1

Zinc 2

Copper 2

Lead 4

Gold 6

PERU MINING

• Extractive industries equal 15% of GDP

• Stable mining administration – ranked 2nd

in Latin America (source: Morgan Stanley 2010)

• >100 mining companies active in Peru

• Mining products = almost 2/3 of Peru’s

good exports (source: IMF 2010)

ANNUAL EXPLORATION EXPENDITURE

• 2009 – Peru grew to 3rd largest

exploration expenditure globally (MEG 2010)

COPPER RESERVES & PRODUCTION

• Current reserves: 90 million tonnes copper

• Copper production – 1.29 million tonnes of

copper concentrate per year

Mining Regulations 2010

Production Levels 2010

Exploration Expenditure

Annual Investment

Canada 2,394 M

Australia 1,764 M

USA 882 M

Mexico 756 M

Peru 630 M

Exploration Expenditures 2008

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TSX-V: IDI

Copper Operating Costs in Peru Below Global Average

#2 In terms of operating mines and funded projects Ranked #2 Globally In Annual Production

8% of Global Production

PERU COPPER PRODUCTION

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TSX-V: IDI SOUTHERN PERU PORPHYRY COPPER BELT

TOQUEPALA MINE

3,734 million tonnes @ 0.46% copper

0.46%Cu = $US 26 per tonne value*

Total value of $US 97 billion

CUAJONE MINE

2,765 million tonnes @ 0.47% copper

0.47%Cu = $US 27 per tonne value

Total value: $US 73 billion

CERRO VERDE MINE

3,000 million tonnes @ 0.41% copper

0.41%Cu = $US 24 per tonne value

Total value: $US 69 billion

QUELLAVECO PROJECT

947 million tonnes @ 0.8% copper

0.8%Cu = $US 45 per tonne value

Total value: $US 43 billion

• Copper metal price used: $US 3/lb (current $4.40/lb). • Assumed metal recovery of copper: 85% • Total value: contained product In-situ Not all tonnage will be recovered in mining, nor will all metal be recovered in milling and processing.

ZAFRANAL PROJECT

300 million tonnes @ 0.45% copper

0.45%Cu = $US 25 per tonne value*

Total value of $US 8 billion

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TSX-V: IDI

OPTION AGREEMENT

Currently operating within Year 1

INDICO CLAIMS

110 sq. km. option package

Significant copper porphyry potential

BARRENO CLAIMS

40 sq. km. – located in centre of block

held by third part mining company

field investigation revealed 12 holes drilled in 2010

Year Cash Shares

TSX-V Approval $387,272

Year 1 $322,727 200,000

Year 2 $451,818 300,000

Year 3 $516,364 500,000

Year 4 $580,909 1,000,000

Year 5 $15,490,909 6,500,000

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

OCAÑA PROPERTY

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TSX-V: IDI

NOTE: This section is generated based of surface geological/alteration mapping and ground magnetic geophysical data interpretation only.

Jimena Porphyry

Waka Waka Porphyry

West East

F

Advanced Argillic

mhvb

Porphyritic Tonalite

Tiabaya Granodiorite

Metamorphic Complex

Phreatic Breccia

Chloritic Alteration

Potassic Alteration

1 km

A A’

OCAÑA SCHEMATIC SECTION A – A’

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TSX-V: IDI

Phyllic Alteration / Malachite + Jarosite + Goethite ± Hematite ± Chalcosite

INITIAL MAPPING RESULTS

Focused on the core area south of the

Barreno Claims

Encouraging results:

multiple inrusive events indicate large

porphyry system

potassic alteration (biotite-magnetite)

various types of quartz veinlets and

stockworks

overprinting phyllic

(quartz-sericite- pyrite) alteration

peripheral base metal-gold veining

~4km wide porphyry system

SAMPLING COMPLETED

166 rock samples

133 trench samples

347 talus fines samples

EXPLORATION

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TSX-V: IDI ALTERATION & MINERALIZATION

Sheeted D-type veins

molybdenite vein

disseminated chalcopytite in tonalitic porphyry

phreatic breccia

potassic alteration magnetite veinlets

2cm 1cm

2cm

malachite and neotosite

1cm

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TSX-V: IDI JIMENA COPPER & MOLY STAINS

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TSX-V: IDI OCAÑA REGIONAL GEOLOGY AND ALTERATION

Area of Inset Maps 1 & 2

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TSX-V: IDI

Inset Map 1 Geology Inset Map 2 Alteration

OCAÑA REGIONAL GEOLOGY AND ALTERATION

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TSX-V: IDI

Detail mapped area & proposed drill

locations

Jimena Prospect

Waka Waka Prospect

CLAY ALTERATION INTENSITY

Red colors indicate most intense clay alteration

Intense anomalies are coincident with mapped porphyry & geochemical anomalies

Two porphyry centers (potentially connected at depth)

SATELLITE CLAY INTENSITY / ALTERATION

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TSX-V: IDI

GROUND MAGNETICS

Ground magnetic survey completed in Q4 2010

Two distinctive targets highlighted that coincide with geochemical & alteration anomalies

Jimena Porphyry

Waka Waka Porphyry

GROUND MAGNETIC DATA

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TSX-V: IDI

347 talus fines samples collected to date with program ongoing

Copper Moly

Gold

PRELIMINARY TALUS FINES SAMPLING

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TSX-V: IDI

TWO LARGE TARGET AREAS

Target Criteria – coincident:

Intense clay alteration

Positive magnetic anomalies

Solid geochemical anomalies

Porphyry alteration mapped

Mineralization in rock samples

Targets essentially drill-ready

Q2 drill-test anticipated

DRILL TARGETS

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TSX-V: IDI

6km IP survey; commencing late May 2011

JIMENA PROPOSED GEOPHYSICAL IP LINES

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TSX-V: IDI

Waka Waka

Jimena

P1

P2

P3

P4

PHASE 1 PROPOSED DRILL HOLES

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TSX-V: IDI OCAÑA EXPLORATION TIMELINE

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TSX-V: IDI

PROJECT PIPELINE

Company intends to focus on porphyry copper

exploration in Peru

Eight moderately advanced porphyry copper projects

have been reviewed in Peru

Negotiations are in progress to secure rights on three

highest priority projects – aiming for Q2 acquisitions

PROJECT GENERATION

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TSX-V: IDI SUMMARY

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OCAÑA ACQUISITION

• Prospective location on extension of known porphyry belt

• 110 sq.km project size with significant outcropping porphyry

• Excellent deal structure – 76% shares and 87% cash paid in year 5

• Right to ultimately earn 100% interest in prospective area

OCAÑA EXPLORATION

• Geochemical sampling and mapping identified 2 targets

• Induced polarization geophysical survey to begin May 2011

• Drill permitting issuance expected early June 2011

• Drill-testing planned for mid June 2011 – initial 4 holes +2,000m

PROJECT GENERATION

• Continual project generation and submittal review process

• Negotiations ongoing for acquisition of additional properties

• Continued focus on copper and copper-gold porphyry systems

• Adding value through acquisition and discovery

TSX-V: IDI CONTACT INFORMATION

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