Business Editors

NEW YORK----Merrill Lynch + Co.

Mankiller and Murguia join current Board members Dr.ml. Under the current working agreement between
FIDC and IGDC, IGDC receives 90% of the net profit .

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Naylor Fitzhugh Professor of Business Administration at the
Harvard Graduate School of Business Administration; Dame Judith Mayhew
Jonas, provost, King's College, Cambridge; and Hugh Price, former
president and chief executive officer of the National Urban League. Merrill
Lynch has a Diversity Employee Advisory Council -- a group of 19
senior managers representing Merrill Lynch's business and support
groups and employee networks -- which works with the Diversity
Advisory Board to advise management on diversity issues.

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She is a member of the Board of the
Independent Sector, a coalition of leading nonprofits,
foundations and corporations, and on the board of trustees for
YouthFriends, a school-based mentoring effort.

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(NYSE: MER), today announced two new members to the firm's Diversity
Advisory Board, an external group formed two years ago to identify
issues and make recommendations around workforce diversity.

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Firmwide,
assets under management total $479 billion.

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Merrill Lynch Announces New Members to Diversity Advisory Board; Chief Wilma Mankiller and Janet Murguia Join External Board

"
Responsibility and accountability for workforce diversity lies
directly with Merrill Lynch's business and support groups. For more information on
Merrill Lynch, please visit www. This is a historic contract since it is the first time a
Canadian First Nation owned the majority share of a natural gas
development project on First Nations' lands."

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.fidc1.

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Merrill Lynch is one of the world's leading financial management
and advisory companies with offices in 36 countries and total client
assets of approximately $1. As an investment bank, it is a
leading global underwriter of debt and equity securities and strategic
advisor to corporations, governments, institutions and individuals
worldwide.com

Copyright (C) Indigenous Global Development Corporation, 2005

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"The Sweetgrass First Nation contract marks the beginning of a new
era for the First Nations of Canada," said Deni Leonard, Chairman and
CEO, First Indigenous Depository Company.

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Business Editors/Energy Editors

SAN FRANCISCO----Indigenous Global
Development Corporation, the first majority owned and publicly traded
Native American company in the U. (OTCBB:IGDC), today announced that
its affiliate, First Indigenous Depository Company (FIDC), signed a
contract the with the Sweetgrass First Nation of Saskatchewan Canada
to begin development of the Tribe's natural gas fields on the Nation's
lands. and for indigenous people worldwide.

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, Inc. "It is the first time a
Tribe is the majority owner of its natural resource development
projects.

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The Diversity
Employee Advisory Council is chaired by James Gorman, president,
Global Private Client and Greg Fleming, president , Global Markets and
Investment Banking.
The Sweetgrass First Nation encompasses 49,000 acres of Reserve
Land and over 4,100 acres of Treaty Land Entitlement lands. There is a
potential for natural gas revenue from up to 18 First Nations, with
each First Nation having the potential for $500 million to $3 billion.

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Murguia is
a rising star among the next generation of leaders in the
Latino community who brings a wealth of experience in academia
and Capitol Hill.

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Janet Murguia, president and chief executive officer of the
National Council of La Raza , the largest national Hispanic
civil rights organization in the United States. Ms.
Investment financing, tribal energy creation and pharmaceutical
development for Native American communities are its primary tools to
create positive change in Indian Country.

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The new members are:

Chief Wilma Mankiller, former principal chief of the Cherokee
Nation of Oklahoma, and the first woman in modern history to
lead a major Native American tribe. She is
the author of several books, including an autobiography,
Mankiller: A Chief and Her People, and Every Day Is a Good
Day: Reflections on Contemporary Indigenous Women.

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First Indigenous Depository
Company is its affiliate.

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Named "Woman of the Year"
in 1987 by Ms.
Board member Anna Escobedo Cabral recently relinquished her role upon
her confirmation as Treasurer of the United States .S.

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"We are pleased to welcome Chief Wilma Mankiller and Janet Murguia
to our Diversity Advisory Board as they bring unique input and
expertise to our efforts to find and retain the best professional
talent for Merrill Lynch in every community," said Mr.

IGDC Holding Company Signs Contract to Develop First Nations Natural Gas Field; Historic Contract for First Nations Canadian Natural Gas Development Project

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David Thomas,
The H. You can find more information about
Indigenous Global and First Indigenous Depository Company at
www.

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O'Neal. Under the contract, FIDC
will provide the financing, technical assessment of the natural gas
potential and begin drilling the first well for the Sweetgrass First
Nation later this year.
Natural Gas from this field development will be sold into the United
States and other markets by FIDC. This represents a new beginning for First Nations' energy
programs and the First Nations of Canada.

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The board
is co-chaired by Stan O'Neal, Merrill Lynch chairman and chief
executive officer and Terry Kassel, senior vice president and head of
Leadership and Development. magazine, Chief Mankiller has long been an
advocate for the rights of Native Americans and women. "The
Diversity Advisory Board has been a valuable and provocative sounding
board for us and we look forward to the active involvement of these
two leaders as we move ahead. Through Merrill Lynch Investment Managers, the company is
one of the world's largest managers of financial assets.