Indigo-Energy, Inc. Completes Successful Shareholder Meeting

After the shareholder meeting, Steve Durdin discussed the company's progress over the past year. The company has remained current on all filings as a fully reporting Bulletin Board company. In addition, the company has addressed its immediate funding challenges through its global financing agreement with Carr Miller Capital, LLC (CMC). CMC has agreed, in an effort to further the company's expansion and growth plan, to provide Indigo-Energy, Inc. with a funding package of not less than $4,000,000 to be used primarily for drilling. CMC has infused $1,000,000.00 with an additional $3,000,000.00 over the next 3-6 months for drilling and other operating expenses. Additionally, Indigo converted a portion of its CMC indebtedness to common stock and restructured $3,450,000 of debt. The bulk of the initial funds have already been received by the Company and have been utilized to fund the drilling of the first three wells, which will begin to see completion as early as later this month.

"Much has happened over the past year for Indigo-Energy," stated President and CEO Steve Durdin. "We are thrilled to begin the New Year with a new chapter of growth and development for the Company and its shareholders. The infusion of capital from Carr Miller Capital has allowed us to begin drilling in the Illinois Basin. After many months of planning and preparation, it is exciting to see the foundation being poured for the future successes that we feel are close-at-hand."

The oil and gas well drilling uses state-of-the-art techniques on property located in Indiana. The Illinois Basin is a cratonic basin covering approximately 60,000 square miles across three states, with increasing interest for its potential oil and natural gas reserves. Indigo-Energy expects the oil and gas production to be sold in the United States to contribute to the nationwide effort to reduce the dependency on foreign fuel.

About Indigo-Energy, Inc.:

Indigo-Energy Inc. is an independent Nevada energy company, engaged in the drilling, development, production and acquisition of certain oil and gas reserves located in the Upper Devonian sand formations in Kentucky, Pennsylvania, and West Virginia. This involves drilling of developmental oil and gas wells at the different program sites on proven reserves. It also includes the purchase of producing oil and gas wells, and existing oil and gas leasehold interests.

Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Indigo-Energy, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to successfully complete drill projects, adapt to changes in technology, and energy competition.

SOURCE: Indigo-Energy, Inc.

Indigo-Energy, Inc. Investor Relations: Mark Savage, 1-866-THE APPL(E) www.Indigo-Energy.com