INDIANA RESOURCES LIMITED — Board/Management Information 2021

Jun 1, 2021

ASX: IDA

2[nd] June 2021

Director Appointment and Resignation

• Highly accomplished geologist and experienced director Felicity Repacholi-Muir appointed as Non-Executive Director

• Felicity brings to the Board significant geological and exploration experience, having held senior exploration and management level positions with several ASX listed companies

• David Williams resigns as Non-Executive Director as part of the Board transition

• Changes support expanded exploration activity for the Central Gawler Craton Gold Project

Indiana Resources Limited ( ASX: IDA ) (“ Indiana ” or the “ Company ”) announces changes to the Board which reflect the transition of the Company as it expands exploration at its Central Gawler Craton gold projects.

Effective 1 June 2021 Felicity Repacholi-Muir has been appointed as a Non-Executive Director. Felicity is a professional geologist (BSc, Geol & Soil Sc) and brings a wealth of mineral exploration and resource development experience to the Company, having worked with several public and private companies across a 15 year career. With significant management experience, Felicity has previously held the positions of Managing Director at Hodges Resources Limited (unlisted), founding director of Whitestar Resources Ltd (ASX: WSR) and Non-Executive Director of Recharge Metals Ltd (currently undertaking IPO).

Felicity brings a technical skill set to the Board that will support the expansion of exploration activities across Indiana’s 5,090km² project area in the Central Gawler Craton region of South Australia. With a strong background in exploration and previous experience in working on South Australian based exploration programmes, her skills will be valuable to the Company as activity ramps up during the next half of 2021.

In order to support the Company’s transition, and to ensure a focus is kept on minimising Board costs, Mr David Williams has resigned as a Non-Executive Director. The Board would like to thank David for his valuable contribution to the Company during his tenure, particularly in relation to the successful acquisition of the Central Gawler Craton tenements. The board changes expand the technical capability of the Company and ensures sufficient support for the planned increase in exploration activity in South Australia.

Management Comment

Commenting on the appointment, Executive Chair Bronwyn Barnes said “ We welcome Felicity to the Board and are delighted to have attracted someone of her calibre at this important phase of the Company’s development. Felicity has built a tremendous track record across several senior technical and management level positions within the resources sector, and as an experienced director we look forward to leveraging her insight and experience for the benefit of shareholders. We thank David for his service to shareholders and wish him every success with the other companies with which he is involved.”

Ends

Indiana Resources Limited | ABN 67 009 129 560 | Suite 3, 339 Cambridge St, Wembley WA 6014 ASX code: IDA | T +61 (8) 6241 1870| E info@indianaresources.com.au | www.indianaresources.com.au

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This announcement is authorised for release to the market by the Board of Directors.

For further information, please contact :

Bronwyn Barnes Aida Tabakovic Executive Chairman Company Secretary T: +61 417 093 256 T: +61 8 9481 0389

To find out more, please visit www.indianaresources.com.au.

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Indiana Resources Limited | ABN 67 009 129 560 | Suite 3, 339 Cambridge St, Wembley WA 6014

ASX code: IDA | T +61 (8) 6241 1870| E info@indianaresources.com.au | www.indianaresources.com.au