Indocan Resources Responds to Recent News Articles

VANCOUVER, British Columbia, June 26  /PRNewswire/ -- The following is being issued on behalf of Indocan Resources Inc.:

Indocan Resources Inc. (OTC:IDCN) While many continue to bash our Company and news articles come out fresh like today from Stockwatch in Canada, the truth remains that we are in good condition. We are in better financial condition than ever before. We are NOT going to lose anything at Abilene and in fact will probably invest more there in the future, it is one the hottest revitalized oil patches in the country.

We do know the identity of the prospective purchaser of Sunray Oil assets. Stockwatch reporter Mike Caswell, is writing his version because we did not feel it was our place to disclose such information. Mr. Caswell is also confusing things as he says there is no oil at well #1. During the year 2005 Sunray Oil drilled a dry hole near Abilene. Since then, in 2006 they have drilled successfully a well we call #1 and it is pumping 30 to 32 BOPD as it states in the court documents filed by the Securities and Exchange Commission. He has read the court claims and knows he deliberately wrote a confusing article so he and Stockwatch could publish a salacious story. Even the headline at first glance sounds like Indocan was sued by the SEC, when in fact the SEC has sued on our and other investors behalf seeking disgorgement and penalties to Sunray Oil. It is clever writing though we must admit.

As of today, Sunray Oil Co.'s lawyer has told us that he has had talks with the court appointed receiver and that the receiver agrees that the drilling must continue and has authorized it as well as proceeding with the recording of our and others' assignment of lease interest at the Taylor County court house. He expects that to be completed by Wednesday, a day later than we were told last week due to recent events.

If we for any reason believe that the court appointed receiver is not doing what we think is the right thing we will immediately bring suit to compel him to do so.

  More information is available at http://www.indocan.com/

  We seek "Safe Harbor"

  Company Info:  604-929-7224 Jeffrey R Bruhjell, president

  CONTACT:  Investor Relations, Ken Ash 252-728-2925


DATASOURCE: Indocan Resources Inc.



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

Ken Ash [phone], both for Indocan Resources Inc.



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

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