Cree Energy, LP Signs Agreement with Indigenous Global Development Corporation.

Energy Editors/Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--March 3, 2004

This Allows IGDC to Buy And Sell Canadian 

First Nations Natural Gas In the United States 

Indigenous Global Development Corporation (OTCBB:IGDC) today announced the signing of an agreement with the Cree Energy, LP to buy and sell Canadian First Nations natural gas in the United States. This agreement allows Indigenous Global and Cree Energy, LP to be the first native tribal companies to trade natural gas commodities across the United States and Canadian borders sovereign indigenous nation to sovereign indigenous nation. The two company's immediate plans included developing and implementing a natural gas commodity supply and transportation strategy for the sale of Canadian First Nation's natural gas in the United States.

Indigenous Global and Cree Energy, LP plan to ship First Nation's natural gas upon signing. This agreement will provide sufficient natural gas to fuel IGDC's ten-43 megawatt peaker and 49.5 megawatt baseload plants scheduled to start this year. The expected revenue from the initial natural gas sales is approximately $32 million per quarter.

"Indigenous Global's expertise in tribal finance, strategy and long standing relationship with the First Nations made it the ideal partner for this unprecedented program," said Gilbert Ledoux, President, Cree Energy, LP. "This program improves the First Nations natural gas sales, provides them with a competitive advantage and provides a model of tribal self-management of their natural resources."

"Self-management and control of their tribal oil and gas resources is a primary goal of the First Nations tribes," said Deni Leonard, Chairman and Chief Executive Officer, Indigenous Global Development Corporation. "We are pleased that this agreement between Cree Energy, LP and IGDC -- and the model of First Nations tribal natural resource self-management that it presents -- moves the First Nations closer to their goal of self-sufficiency and independence."

About Indigenous Global Development Corporation

Indigenous Global Development Corporation (IGDC) is the first majority owned publicly traded Native American corporation. IGDC's goal is to provide strategy, financial and investment tools to deliver economic development, empowerment and financial self-sufficiency for Native Americans across the U.S. and for indigenous people worldwide. Investment financing, tribal energy creation and pharmaceutical development for Native American communities are its primary tools to create positive change in Indian Country. Its parent company is United Native Depository Corporation. You can find more information about Indigenous Global and United Native Depository Corporation at www.igdc1.com and www.undc1.com.

About Cree Energy, LP

Cree Energy, LP is a Canadian First Nations privately owned energy company focusing on providing revenue, strategic and self-sufficiency energy and natural resource management models for First Nations governments.