SOURCE: Geocom Resources Inc.

August 26, 2005 12:20 ET

Geocom Resources Inc. Corporate Update

BELLINGHAM, WA -- (MARKET WIRE) -- August 26, 2005 -- Geocom Resources Inc. ("the Company" or "Geocom") (OTC BB: GOCM) is pleased to announce that its board of directors has decided to re-price its existing outstanding share purchase warrants to better reflect the current market value of the Company's shares as reported on the OTC Bulletin Board. The board decided re-pricing was necessary in light of current market conditions and to provide existing warrant holders an opportunity to benefit from the present conditions. To date the Company has a total of 3,767,143 outstanding share purchase warrants. The warrants shall be re-priced as is determined by their time of exercise, if any, according to the following staged timeline:

 (a) any share purchase warrants exercised on or before September 9,
     2005 shall be exercisable at a price of $0.14 per share;
 (b) any share purchase warrants exercised after September 9, 2005
     but on or before September 23, 2005 shall be exercisable at $0.17
     per share;
 (c) any share purchase warrants exercised after September 23, 2005
     but on or before October 7, 2005 shall be exercisable at $0.20
     per share;
 (d) any share purchase warrants exercised after October 7, 2005 but
     on or before October 21, 2005 shall be exercisable at $0.25 per
     share, and
 (e) any share purchase warrants exercised after October 21, 2005
     shall remain exercisable at the price specified in their original
     grant.
All warrant holders should obtain independent advice regarding tax and legal consequences of exercising their warrants during the re-pricing periods. All share purchase warrants not exercised shall expire on the date specified in their original grant.

About Geocom Resources Inc.

Geocom Resources Inc. (OTC BB: 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.

On behalf of the Board of Directors

John E. Hiner, President

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 raising of additional required financing by re-pricing its outstanding share purchase warrants according to a specified timeline. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that no existing share purchase warrants are exercised and that the Company is unable to raise the required additional financing which may result in our inability to proceed with our business operations.

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

Contact Information

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