Indocan Resources Enters Agreement With Knightsbridge Credit & Banking Trust VANCOUVER, British Columbia, June 9 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources Inc (OTC:IDCN) are pleased to announce that the company has entered into an agreement with Knightsbridge Credit & Banking Trust (Switzerland) of Dubai, United Arab Emirates, http://www.knightsbridgecredit.com/ on behalf of Prachai Leophairatana, founder of Thai Petrochemical Industry Group of Companies, http://www.tpigroup.co.th/ and a consortium assembled by and including the Knightsbridge Group, whereby Knightsbridge Group shall acquire controlling interest in Indocan Resources Inc. The new company will be reorganized to purchase a major Asian Petrochemical Business, and seek to expand that business across Asia. More information is available at http://www.indocan.com/ "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The company takes no obligation to update or correct forward-looking statements. Company Info: +1-604-929-7224 Jeffrey R Bruhjell, president CONTACT: Investor Relations, Ken Ash +1-252-728-2925. (IDCN) DATASOURCE: Indocan Resources Inc CONTACT: Jeffrey R Bruhjell, president, +1-604-929-7224; or investors, Ken Ash +1-252-728-2925, both for Indocan Resources Inc Web site: http://www.genoray.net/ Web site: http://www.indocan.com/

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