Pacific Comox Resources Ltd.
TSX VENTURE : PCM

Pacific Comox Resources Ltd.

October 03, 2007 16:29 ET

Pacific Comox Resources Ltd.: 19 Meters Grading 0.23% Copper and 0.062% Molybdenum or 1.2 lbs/ton Molybdenum Reported in Hole 74

GOLD INTERVAL OF 1.02 GRAMS/TONNE OVER 8 METERS REPORTED IN HOLE 75 IN ADDITION TO SECOND INTERVAL OF 16 METERS GRADING 0.55% COPPER AND 0.014% MOLYBDENUM OR 0.3 LBS/TON MOLYBDENUM

TORONTO, ONTARIO--(Marketwire - Oct. 3, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the assays for an additional 5 diamond drill holes testing the area of the former producing underground copper mine (the South Zone) at its Ryan Lake copper/molybdenum property at Matachewan, Ontario.

A gold interval of 1.02 grams/tonne over 8 meters starting at 28 meters core length was reported in hole 75. The 8 meter interval also included copper, molybdenum and silver. At a deeper level this hole also reported an interval of 16 meters grading 0.55% copper and 0.014% molybdenum (0.3 lbs/ton molybdenum), plus gold and silver starting at 80 meters. Hole 75 was drilled to the north from the north eastern quadrant of the South Zone.

Hole 74 reported an interval of 19 meters grading 0.23% copper and 0.062% molybdenum (2.7 lbs/ton), plus gold and silver starting at 71 meters.

The assay results for the 5 holes are summarized in Table 1.

In the current program on the South Zone additional holes have been drilled both north and south of the completed holes on many of the sections to extend the 700 foot North-South dimension of the drill tested areas. The South Zone has now been tested over 800 feet on an East-West dimension.

The current program will also test the indicated mineralized zones to a depth of about 500 feet. The mill which is currently processing barite is expected to be a major asset going forward to facilitate the resumption of copper/molybdenum production on the property.

Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration program under the definitions of National Instrument 43-101, reviewed this release and supervised the drilling program. The geologists on this program were Dan Crossley P. Eng. and Robert Van Ingen P. Eng.. The split NQ core samples were assayed at Swastika Laboratories Ltd. Swastika Ontario, an accredited laboratory.

Donald Empey, President

For further information: please contact Donald Empey at tel: 416 977 4653, fax: 416 977 8335, email dempey@pacificcomox.com, view the Company web site at www.pacificcomox.com or the Company filings on SEDAR at www.sedar.com.

To view Table 1 and the two maps, please visit the link below:

http://www.ccnmatthews.com/docs/pcm103.pdf

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

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