An indicator assembly for a lock assembly in which rotation of an indicator barrel having different indicator symbols is facilitated via magnetic forces. Upon locking of the lock assembly, such as via a push button assembly, an actuator is linearly displaced in a first direction, thereby causing an activation pin that is connected to the actuator to push an activation carrier in the first direction. The activation carrier can also be rotated so that a first pole of a first magnet that is coupled to the activation carrier is linearly and rotatably brought into closer proximity to a similar first pole of a second magnet that is coupled to the indicator barrel. Such displacement of the first magnet can cause a repelling force to be provided between the first and second magnets that facilitates the rotation of the indicator barrel about the lever from a first position to a second position.