Indocan Resources Corporate Update

MISSOULA, Mont., March 4 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources, Inc. (OTC: IDCN) wishes to update the Company shareholders with the following information.

The recently announced Hockey Stick property in NW Ontario is moving forward with draft options and operating agreements on the table from lawyers and final agreements expected to be executed in the near future. Our geologist is preparing a sampling program and other plans to be submitted to our joint venture for examination and ultimately approval.

At least two other properties with similar prospects to Hockey Stick are being considered by management and have a reasonable proximity to each other and have similar prospects as Hockey Stick.

We welcome the many new shareholders in recent days and weeks and commit to regular updates and communications that will benefit both the Company and our Stockholders.

More information can be learned by visiting our website: www.indocan.com

We seek "Safe Harbor"

Company Info: +1-406-322-3844  Jeffrey R Bruhjell, president

CONTACT: Investor Relations, Ken Ash +1-910-300-8189

SOURCE Indocan Resources, Inc.