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03/22/07 8:46 AM

#5958 RE: Montanore #5957

IDCN nice news.Forward looking event too:Further developments are unfolding relative to the Wyoming properties that
we have a carried interest in once we complete the uranium buy-in. There is a
much larger opportunity for Indocan to participate here as well.
(COMTEX) B: Indocan Resources in Australian Talks ( PR Newswire )
B: Indocan Resources in Australian Talks ( PR Newswire )

GOLD COAST, Australia, March 22, 2007 /PRNewswire via COMTEX/ --
Indocan Resources Inc
(OTC: IDCN) Indocan officers are visiting Australia and meeting with
Australian Gold Holdings Ltd directors and larger shareholders and have made
several important decisions as to corporate direction. We are attending their
Annual General Meeting of shareholders being held on 27 March and will present
the full picture then. This will include JV structures, funding plans and what
that means to all shareholders of the various entities. We will issue an
appropriate press release after the AGM and explain our plans.

Shareholders and other interested parties may attend the presentation
meeting of Australian Gold Holdings Ltd at 19.00 Tuesday 27 March at the
Marriot Hotel and Resort Surfers Paradise, Queensland.

Further developments are unfolding relative to the Wyoming properties that
we have a carried interest in once we complete the uranium buy-in. There is a
much larger opportunity for Indocan to participate here as well.

More information is available at www.indocan.com and at
www.australiangoldholdings.com
We seek "Safe Harbor"
Company Info: +1-604-929-7224 Jeffrey R Bruhjell, president
Investor Relations Indocan Resources, Inc.: Ken Ash +1-252-728-2925
Investor Relations Australian Gold Holdings Ltd. +61-5520-1337

SOURCE Indocan Resources Inc.
Jeffrey R Bruhjell, president, +1-604-929-7224; Ken Ash, investor relations,
+1-252-728-2925, both of Indocan Resources; Australian Gold Holdings, investor
relations, +61-5520-1337
http://www.indocan.com
Copyright (C) 2007 PR Newswire. All rights reserved
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