Indicator Minerals Re-Engages Renmark Financial Communications Inc.

July 8, 2008
Vancouver, B.C, July 8, 2008 - Indicator Minerals Inc. ("IME" or "Indicator") announced today that it has re-retained the services of Renmark Financial Communications Inc. to assist with the expansion of its investor relations and corporate communications activities.

"We look forward to working with the professionals at Renmark again as they continue to add value to Indicator by increasing the investment community's awareness of the Company and its operations," noted Bruce Counts, President and Chief Executive Officer of Indicator Minerals Inc.

In consideration of the services to be provided, the Company will pay a monthly retainer of $6,000.00 for a one-year contract to Renmark Financial Communications Inc.

About Indicator Minerals:

Indicator Minerals Inc. is a Canadian exploration company focused on the discovery of economic diamond deposits. Founded in 2004, the company has assembled a highly qualified technical team, experienced in worldwide diamond exploration. Indicator is exploring more than 5.5 million acres of targeted ground in the Canadian arctic and has three key projects in Nunavut: Darby, Barrow and Nanuq North. Indicator's management has positioned the company to be a sophisticated player in both Canadian and international diamond exploration by forming strategic partnerships, acquiring highly prospective properties and conducting systematic and efficient exploration programs.

For further information, please contact:
Bruce Counts, President & CEO
or
Angela Dearie, Manager, Corporate Communications
1 877-331-4605 or (604) 331-4605
www.indicatorminerals.com

Renmark Financial Communications Inc.
Jason Roy: jroy@renmarkfinancial.com
Tel: (514) 939-3989
or
Christine Stewart: cstewart@renmarkfinancial.com
Tel: (416) 644-2020
www.renmarkfinancial.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release