Indigo Books &Music Inc.'s Board of Directors announces the resignation of its Chief Executive Officer, Peter Ruis, thanks him for his contributions to the Company and wishes him well as he moves on to new challenges in his career. Peter has agreed to serve Indigo as a consultant for the next two months to support a smooth transition in leadership. With Peter's departure, the Board is focused on acting swiftly to determine the right leader to move the Company forward.

In the interim, Craig Loudon, the Chief Financial Officer, and Damien Liddle, the Senior Vice-President and General Counsel, will work closely with the Board, to provide day to day direction.