SOURCE: Geocom Resources Inc.

September 10, 2007 09:00 ET

Geocom Announces Formal Venture Status for Three Projects in Southern Chile

BELLINGHAM, WA--(Marketwire - September 10, 2007) - Geocom Resources Inc. (OTCBB: GOCM) (the "Company" and/or "Geocom") is pleased to announce that it has elevated three projects in Southern Chile to formal venture status with its joint venture partner Kinross Gold Corporation. The projects are Espolon, Cerro Mera, and Cerro Vaca.

The work programs will be governed by approved budgets to be proposed by Geocom and mutually agreed by both companies.

The Espolon Claim Block comprises 13 claims totaling 3,800 hectares (9,390 acres or about 14 square miles). The claims cover a gold-silver-copper mineralized zone that has now been traced over a strike length in excess of 3 kilometers (2 miles). The mineralized zone is 10 to 30 meters thick (32 to 96 feet). The zone consists of a gently dipping altered sequence of volcanic tuffs, limestones, and argillites. These rocks have been thermally metamorphosed and moderately to completely silicified. Within the mineralized zone there is a massive sulfide layer that varies in thickness up to 3 meters (about 10 feet) consisting of pyrrhotite-pyrite with varying amounts of chalcopyrite.

Cerro Mera consists of seven claims covering 2,100 hectares in the eastern portion of Region Ten close to the Argentina border. The sampling at Cerro Mera returned high-grade gold values associated with quartz veins hosted by a series of easterly trending structures. In 2006 a grab sample contained 72g/t gold. The 2007 sampling program has concentrated on collecting representative chip samples across the host structures and permissive calcareous horizons. Results from the first group of samples have returned a high value of 6.12g/t gold over a 25cm width of quartz veining. Other results from vein systems returned > 100g/t Ag, 0.24%Cu, 1.91% Pb, 3.61% Zn over 1m and 32.9g/t Ag, 0.49%Cu, 1.25% Pb, and 10.5%Zn over 1m.

In the opinion of Geocom's geologists and management, the geological environment at Cerro Mera is similar to the nearby Esquel deposit in Argentina, which contains over 3 million oz of gold in a series of north-easterly-trending quartz veins.

At Cerro Vaca Geocom's sampling of a swarm of quartz veins has returned up to 5.65g/t gold over narrow widths, including grab samples of up to 131 grams per tonne gold. These southeast trending fractures can be traced over hundreds of meters across the ridges. These veins have been traced down through the roof pendant complex into the underlying intrusive rock. Additional mapping will be required to determine the full vertical extent of these veins.

Geocom and Kinross are jointly exploring and acquiring gold and multi element targets in Region Ten of southern Chile. Properties acquired by the venture are managed via individual joint ventures on a 50-50 basis. Kinross has the right to acquire a majority interest by making additional expenditures on individual properties and by exercising warrants granted to Kinross by Geocom.

For further information please contact Samantha Haynes at 1-800-539-0289 or via e-mail at ir@geocom-resources.com.

On behalf of the Board of Directors

John E. Hiner, President & CEO

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 www.geocom-resources.com.

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 continued evaluation and exploration program in Region Ten of south Chile made pursuant to the joint venture agreement between Geocom and Kinross, including geologic mapping and sampling of the properties. Factors that could cause actual results to differ materially include risks and uncertainties of such as the failure or inability of the parties to enter any formal joint venture agreement, or either Geocom or Kinross being unable or unwilling, whether for financial reasons or otherwise, to perform obligations under any joint venture agreement, the inability of either party to continue working in Chile, the inability of either party to finance planned exploration, drilling and work programs, as required from time to time, and any unforeseen difficulties in commencing or completing such program, or the results of the programs not showing any commercially feasible grades of minerals, any of which could, among other things, delay, impede or prevent the planned explorations and harm the viability of Geocom. Actual results may also differ materially from those currently anticipated due to a number of other factors beyond the reasonable control of the Company. 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

  • GEOCOM RESOURCES INC.
    Suite 413 - 114 West Magnolia Street
    Bellingham, Washington
    98225
    Tel: (360) 392-2898