Mr. Paul Cowley reports

INDIGO EXPLORATION ANNOUNCES DATE FOR SHARE CONSOLIDATION

Indigo Exploration Inc.'s issued and outstanding common shares on the basis of two preconsolidation shares for every one postconsolidation share will occur on March 10, 2025 (the effective date).

As of the date of this news release, the company has 66,538,020 common shares issued and outstanding. Upon completion of the consolidation, it is expected that there will be approximately 33,269,010 common shares issued and outstanding, not including rounding for any fractional amounts resulting from the consolidation. The number of postconsolidation common shares to be received by a shareholder will be rounded down to the nearest whole common share.

The exercise price and number of common shares issuable upon the exercise of the company's outstanding options and warrants will be proportionally adjusted upon completion of the consolidation in accordance with the terms thereof.

Effective at the opening of trading on the effective date, the company's preconsolidation common shares will be delisted from the TSX Venture Exchange and the postconsolidation common shares will commence trading. The company's trading symbol, IXI, will remain unchanged. The company's new Cusip and ISIN are 45568X304 and CA45568X3040, respectively.

A letter of transmittal will be mailed to the registered holders of the company's common shares as soon as practical after the effective date, requesting that those shareholders forward their preconsolidation share certificates or direct registration (DRS) along with completed letters of transmittal to the company's transfer agent, Computershare Investor Services Inc., to be exchanged for DRS advice representing their common shares on a postconsolidation basis. Shareholders holding shares through brokers, banks or other intermediaries should consult with their broker, bank or other intermediary with respect to their postconsolidation shareholdings.