SOURCE: Geocom Resources Inc.

February 28, 2007 09:00 ET

Geocom Confirms IP Anomalies Coincident With Gold Soil Anomalies, Identifies Drill Targets and Increases Land Position at Its La Carolina Gold Project, Argentina

BELLINGHAM, WA -- (MARKET WIRE) -- February 28, 2007 -- Geocom Resources Inc. (OTCBB: GOCM) is pleased to announce that ground magnetic and gradient array IP surveys have been completed on its La Carolina Gold Project, San Luis, Argentina, by its partner Latin American Minerals Inc. Based on the encouraging geophysical results the property position has been increased to 4,450 hectares.

The ground geophysics programs were carried out over several regional gold-in-soil anomalies that form gold trends up to 2 kilometers long defined by gold concentrations ranging from 4,991 ppb Au to 100 ppb Au.

The magnetometer survey was designed to discriminate buried volcanic rocks from basement rocks. A total of 125.5 line kilometers of a ground magnetic survey was completed by Quantec Geoscience ("Quantec"). The magnetometer survey defined the extent of the known breccia pipes, volcanics and porphyries under the areas of overburden cover. The survey also outlined 3 previously unknown intrusive bodies within and around the La Carolina diatreme complex, which suggests many periods of intrusion and possible remobilization of the mineralization. Some of the magnetic anomalies are coincident with the gold-in-soil anomalies.

The IP survey was designed to identify vertical breccia pipes and structures that host pyrite and silicified zones as indicated by historic diamond drilling. Pyrite and quartz are directly related to gold mineralization in the La Carolina district. Phase I of the IP survey, comprising 69.25 km of Gradient Array Time Domain IP survey has now been competed by Quantec. The total chargeability results are presented on Latin American Minerals' web site and show two large chargeable anomalies within the basement on the flanks of the Tertiary volcanic rocks. The anomalies range up to 70 mV/V, suggesting high pyrite content (probably in excess of 1%), which is typically associated with gold on the Property. The chargeability anomalies trend northeasterly and extend for at least 3 kilometers and remain open to the north and to the south on the area surveyed. The chargeability anomalies are coincident with the gold soils anomalies. The strongest and most continuous conductive zone defines the rims of the diatreme and can been traced intermittently for 6 km suggesting possible remobilization of gold-bearing sulphide mineralization during subsequent intrusive events at La Carolina.

Several isolated coincident anomalies have been locally tested by diamond drilling by Geocom and previous parties. El Corte target has a chargeable anomaly along the western rim of the diatreme. Nine 45 degree angle holes were drilled by Anglo in 1989 down to 180 m depth (90 m true depth) in a very small area of 150x150 m right on top of a soil anomaly that ranges up to 2 gpt Au. All of these holes intersect weak gold mineralization and the best hole returned 0.46 gpt Au over 40 m. In Puesto La Estancia one drill hole cut the rim of the diatreme and intersected 19.5 m @ 2.17 gpt Au in the basement rocks near the newly discovered chargeability anomaly. In the Cerro Mogote target one drill hole was collared in the volcanic rocks and was stopped in the basement rocks; the last sample in the hole returned 59gpt Au over 3m. This encouraging intersection is on the edge of the chargeability anomaly. Geocom has not independently verified these historic drill intersections but serves as encouragement to justify further work.

Resistivity anomalies are also coincident with soil anomalies, particularly on the western limb of the diatreme complex. Resistivity values of up to 1230 ohm/m have been recorded suggesting moderate amounts of silica or resistive units in the limbs of the diatreme.

Aster image alteration processing has been done on the entire project accompanied by PIMA sampling of selected rock grab samples. Strong kaolinite-illite signatures focus on the borders of the diatreme, coincident with the soil and IP anomalies.

The positive geophysical results of the initial ground geophysical program have encouraged Latin American Minerals to extend geophysical coverage over the entire Property. Additionally, they plan to increase the size of the initial diamond drill program, originally planned at 2,000m. Geocom CEO John Hiner commented, "We are pleased with the results and quality of the work accomplished at La Carolina. We are encouraged by Latin American Minerals' decision to expand the drill program, and continue to believe that the La Carolina project has significant ore potential".

In 2005 Geocom Resources Inc. and Latin American Minerals entered into a joint venture on the property and proceeded to stake the adjacent parcel, essentially doubling the size of the property. This exploration venture with Latin American Minerals is a further implementation of Geocom's business strategy of developing new exploration targets that it considers to have solid development potential, and then forming ventures with solid operating companies for continued development. In the view of management, such ventures will allow Geocom to continue its exploration efforts while maintaining an interest in its developing properties.

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

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 joint evaluation and exploration program between Geocom and Latin American Minerals regarding potential drill targets in the Province of San Luis, Argentina. 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 Latin American Minerals 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 Argentina, 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.

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

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