Pacific Comox Resources Ltd.
TSX VENTURE : PCM

Pacific Comox Resources Ltd.

November 01, 2007 10:43 ET

Pacific Comox Resources Ltd.: Proposed $1,500,000 Flow-Through Financing

TORONTO, ONTARIO--(Marketwire - Nov. 1, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the Company plans to raise C$1,500,000 through a non-brokered Flow-Through financing. The financing is in the form of units consisting of one flow-through share and one-half common share purchase warrant. A full warrant is exercisable for one common share at C$0.15 for one year from closing. Each unit is priced at C$0.14. The securities will be subject to a four month hold period from the date of closing. A finder's fee of 8% is payable where applicable.

This financing will increase the number of shares outstanding by 10,714,285 to 159,058,113.

The funds raised will be used to advance the exploration program on the Ryan Lake copper-molybdenum property near Matachewan, Ontario.

The financing is subject to regulatory approval.

Donald Empey, President

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

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