Indico Mobilizes Drill Rig for Phase I Drilling at Ocana Project, Southern Peru; Defines Two New Copper-Gold Drill Targets and Expands Drill Program

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 07/11/11 — Indico Resources Ltd. (“Indico” or the “Company”) (TSX VENTURE: IDI)(OTCQX: IDIFF) announces that following a successful drill permit application process, a rig is being mobilized to the Ocana