For Immediate Release: January 17, 2006. Vancouver, BC ­ IAS Communications, Inc. (OTC BB: IASCA / www.iasenergy.com) wishes to announce that the letter of intent to acquire a producing oil and gas well in Tennessee with Young Oil and Gas (see news release dated November 15, 2005) has not been approved by the board of directors, therefore, the entire agreement is terminated. IAS Communications, Inc. continues to seek favorable oil and gas projects for the Company.

ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"

John Robertson
President

Contacts: IAS Communications, Inc.
John Robertson, 1-800-665-4616

Statements in this press release regarding IAS Communications, Inc.' s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including the impact of competitive products and pricing, the need to raise additional capital, uncertain markets for the Company's products and services, the Company's dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Company or develop or license other functionally equivalent technologies.