Indocan Resources Inc. (IDCN)

[kmp9643]

Flying A was up over 15% today.

FLYING A PETROLEUM LTD. Vancouver, British Columbia – January 24, 2007 – FLYING A PETROLEUM LTD. (the “Company”) announces that it has entered into loan agreements effective January 19, 2007 under which $455, 000 has been loaned on an unsecured basis to the Company at the rate of 10% per annum for a term of 12 months. The proceeds shall be used to pay for the Company’s 17.5 % interest in the Bougie Trutch and Trutch East pipeline construction. For more information on the Bougie Trutch, the Trutch East and the Prophet River projects, please visit www.flyingapetroleum.com.