Indocan Board Authorizes Share Buy Back VANCOUVER, British Columbia, Nov. 12 /PRNewswire/ -- Indocan Resources, Inc. Board of Directors has authorized the repurchase of one hundred million shares of Company Common Stock over the next twelve to eighteen months. The Company feels that the share price is exceptionally undervalued at this time and will actively retire blocks of stock from time to time. We will make quarterly announcements of shares quantities retired. More information is available at http://www.indocan.com/. +1-604-929-7224. "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. CONTACT: Investor Relations of Indocan Resources, Inc., +1-252-728-2925 DATASOURCE: Indocan Resources, Inc. CONTACT: Investor Relations of Indocan Resources, Inc., +1-252-728-2925 Web site: http://www.indocan.com/

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