SOURCE: Geocom Resources Inc.

January 16, 2008 11:57 ET

Geocom Announces Private Placement With Alliance International Investors

BELLINGHAM, WA--(Marketwire - January 16, 2008) - Geocom Resources Inc. (OTCBB: GOCM) ("Geocom" or the "Company") is pleased to announce that the Company has completed a private placement in the amount of $250,000 with Alliance International Investors based in Chicago, IL.

The private placement consists of 1,250,000 units at a price of $0.20 per unit with one accredited investor for total proceeds of $250,000. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 for a period of one year after the date of the subscription agreement. The registrant has agreed to re-price the warrant exercise price to $0.20 per share following the completion of a listing of its shares on the TSX Venture Exchange.

There is no agent's fee payable on the private placement. Proceeds of the private placement will be used for exploration and development of Geocom's properties and working capital.

For further information please contact Samantha Haynes at 604.805.4653 or via e-mail at

On behalf of the Board of Directors

John E. Hiner, President & CEO

About Alliance International Investors

Alliance International Investors is a Delaware corporation based in Chicago, Illinois. The Investors are focused on the natural resources sector, and specialize in provision of venture capital to mineral exploration companies that hold strong assets and experienced management. The principals of Alliance International Investors have multi-year experience in the evaluation and financing of public mineral exploration companies.

About Geocom Resources Inc.

Geocom Resources Inc. (OTCBB: GOCM) is a U.S.-based mineral exploration company focused on acquiring and developing mineral resources in geologically acceptable and politically stable countries of the world. The Company is presently active in Alaska, Argentina, Nevada, and Chile. The Company focuses on development of projects that are or will be of interest to mid-size or major producers with the goal to form joint ventures on such projects. Geocom expects to grow and maintain an interest in mines operated by its partners, allowing it to build value through continued exploration. To find out more about Geocom Resources Inc. please visit

Safe Harbor Statement:

Statements in this document that are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include statements regarding the Company's intention to obtain a listing on the TSX Venture Exchange and the re-pricing of warrants following completion of the TSX Venture Exchange. Factors that could cause actual results to differ materially include risks and uncertainties such as the failure or inability of the Company to obtain a listing on the TSX Venture Exchange, and failure or inability of the Company to re-price its warrants. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

WARNING: The Company relies on litigation protection for "forward-looking" statements.

Contact Information

    Suite 413 - 114 West Magnolia Street
    Bellingham, Washington 98225
    Tel (360) 392-2898

    For further information please contact:
    Samantha Haynes
    Email Contact