Indusmin Shareholders approve Kyiv Energy deal

Indusmin Energy Corporation is pleased to announce that at its Special Meeting of shareholders, held March 31, 2003...

(Vancouver, B.C.) Indusmin Energy Corporation. (the Company") is pleased to announce that at its Special Meeting of shareholders, held March 31, 2003, the Company received approval for the sale of its interest in the Kerch Project in Crimea to Kyiv Energy Corporation (Kyiv Energy").. The Company also received approvals to amend the vesting provisions of the Companys Stock Option Plan.

Kyiv Energy is completing due diligence to secure financing for the purchase of the Kerch Project. Upon completion of documentation and financing arrangements the Company will submit documentation to the TSX Venture Exchange for approval.

For further information please contact:

Carlos Munoz, President & CEO, c.munoz@indusminenergy.ca
INDUSMIN ENERGY CORP.
1-800-577-7599
(604) 913-1971
http://www.indusminenergy.ca
Symbol: IDMNF (U.S.)
Symbol: IDM (Can.)

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.