-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 M88hbDCunIrxsnThMlYyqG5/hEJMovt8YLsIDJ/QYCDlvdcYTEH8UQDlVzNE+Gnk
 wtQlEEqP3g6HPurwzDR/9A==

<SEC-DOCUMENT>0001183740-10-000254.txt : 20100504
<SEC-HEADER>0001183740-10-000254.hdr.sgml : 20100504
<ACCEPTANCE-DATETIME>20100503191356
ACCESSION NUMBER:		0001183740-10-000254
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100504
DATE AS OF CHANGE:		20100503
EFFECTIVENESS DATE:		20100504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Indicator Minerals Inc.
		CENTRAL INDEX KEY:			0001470385
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-141478
		FILM NUMBER:		10794555

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 275, 1075 W. GEORGIA STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3C9
		BUSINESS PHONE:		(604) 331-4605

	MAIL ADDRESS:	
		STREET 1:		SUITE 275, 1075 W. GEORGIA STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3C9
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001470385</cik>
        <entityName>Indicator Minerals Inc.</entityName>
        <issuerAddress>
            <street1>SUITE 275, 1075 W. GEORGIA STREET</street1>
            <city>VANCOUVER</city>
            <stateOrCountry>A1</stateOrCountry>
            <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
            <zipCode>V6E 3C9</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(604) 331-4605</issuerPhoneNumber>
        <jurisdictionOfInc>BRITISH COLUMBIA, CANADA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>BRUCE</firstName>
                <lastName>COUNTS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>CRAIG</firstName>
                <lastName>BENTHAM</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>DAVID</firstName>
                <lastName>KELSCH</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MARK</firstName>
                <lastName>FIELDS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>RICHARD</firstName>
                <lastName>GORTON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOHN</firstName>
                <lastName>ROBINS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ANDREW</firstName>
                <lastName>WILTON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275-1075 WEST GEORGIA STREET</street1>
                <city>VANCOUVER</city>
                <stateOrCountry>A1</stateOrCountry>
                <stateOrCountryDescription>BRITISH COLUMBIA, CANADA</stateOrCountryDescription>
                <zipCode>V6E 3C9</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-04-23</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>260296</totalOfferingAmount>
            <totalAmountSold>104118</totalAmountSold>
            <totalRemaining>156178</totalRemaining>
            <clarificationOfResponse>13(a) represents the price of the units (1,305,000 units @ C$0.08), plus the aggregate exercise price of the warrants forming part of the units (1,305,000 warrants @ C$0.12), converted to US$.  There is no guarantee the warrants will be exercised.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>5</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Indicator Minerals Inc.</issuerName>
                <signatureName>/s/ Bruce Counts</signatureName>
                <nameOfSigner>BRUCE COUNTS</nameOfSigner>
                <signatureTitle>PRESIDENT, CEO &amp; DIRECTOR</signatureTitle>
                <signatureDate>2010-05-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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