Indocan Renews With Stock Charter Group

VANCOUVER, British Columbia, May 1  /PRNewswire-FirstCall/ -- Indocan Resources Inc (OTC:IDCN) today announces that the Company has renewed its Investor Relations Agreement with Stock Charter Group. Stock Charter Group is a full service international investor relations company advising and assisting clients in all facets of investor relations including corporate finance projects. Stock Charter Group's office is located in North Carolina. Stock Charter Group and its principals currently hold a beneficial interest in shares of the Company.

Indocan Resources has authorized Stock Charter Group to explore financing sources to expand its exposure in the Texas oil patch, achieve visibility in worldwide markets, maintaining and fostering a new investor base, create a reliable secondary market, and enter into new capital markets. More can be learned about Stock Charter Group at http://www.stockchartergroup.com/.

Stock Charter Group will receive for their services 20,000,000 stock options 10,000,000 exercisable at the price of $0.005 and 10,000,000 at the price of $0.01. The Stock Options will be granted in accordance with the Company's Stock Option Plan and will have vesting provisions attached to it. Stock options will take effect upon the signing of this agreement until the termination of this agreement by either party. This shall be payment for services provided by Stock Charter Group for the next one year. This contract is subject to renewal.

Indocan has oil and gas interests in Texas, Oklahoma, Alberta, British Columbia and Cambodia. More can be learned at http://www.indocan.com/.

Company Info: [phone] Jeffrey R Bruhjell, president

CONTACT: Investor Relations, [phone] 

DATASOURCE: Indocan Resources Inc



CONTACT:  Jeffrey R Bruhjell, president, [phone], or

Investor Relations, [phone], for Indocan Resources Inc



Web site:  http://www.indocan.com/ 

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