IXI Indigo Explorations Inc

Indigo Exploration Inc. (TSX VENTURE:IXI)(FRANKFURT:INE) is pleased to announce
that it has arranged a non-brokered private placement of 3,275,000 units of the
Company (the "Units") at a price of $0.30 per Unit for gross proceeds of
$982,500 with one of the largest precious metals mutual funds in Canada. Each
Unit will consist of one common share and one-half of one common share purchase
warrant ("Warrant"). Each full Warrant will entitle the holder to purchase one
common share of the Company for a period of eighteen months from the closing
date, at an exercise price of $0.50 per common share. The purchase price was set
at a 10-per-cent premium over the 30-day volume-weighted-average market price
prior to this announcement. 


The Company will pay finder's fees equal to 7.0% of subscription amounts located
by Topleft Securities Ltd., payable in cash, plus issue finder's warrants in an
amount equal to 7.0% of Units subscribed for, with each such finder's warrant
exercisable into one common share of the Company at a price of CDN $0.30 for 18
months from closing.  


Closing of the Offering is anticipated to be on or about September 9, 2011,
subject to receipt of applicable regulatory approvals including approval of the
TSX Venture Exchange. Securities issued under the Offering will be subject to a
four month hold period, which will expire four months from the date of closing. 


The proceeds from the Offering will be used to incur exploration expenditures on
the Company's mineral properties in Burkina Faso and for general working
capital. 


Upon the closing of the financing, this mutual fund will own almost 10% of the
shares of the Company on an undiluted basis. 


Tim Henneberry, Indigo President and CEO, stated, "Indigo's Board of Directors
are very encouraged by this strategic investment at this stage in Indigo's
development, as it reflects a high level of confidence in the Company's
high-grade Moule Vein 3 gold discovery and the upcoming 15,000 metre drilling
program in Burkina Faso." 


For additional information please visit the Company's website at
www.indigoexploration.com. 


Certain statements in this press release may be considered forward-looking
information, including those relating to the "expectations", "intentions" or
"plans" of the Company. Such information involves known and unknown risks,
uncertainties and other factors -- including the approvals of regulators,
availability of funds, the results of financing and exploration activities, the
interpretation of drilling results and other geological data, project cost
overruns or unanticipated costs and expenses and other risks identified by the
Company in its public securities filings -- that may cause actual events to
differ materially from current expectations. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, except to the extent required
by law, whether as a result of new information, future events or otherwise.

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