SOURCE: Geocom Resources Inc.

March 17, 2008 08:00 ET

Geocom Terminates Iliamna Equity Interest Sale

BELLINGHAM, WA--(Marketwire - March 17, 2008) - Geocom Resources Inc. (OTCBB: GOCM) ("Geocom" or "The Company") hereby announces that, pursuant to continuing discussions with Goldmark Minerals Ltd., the Company has elected not to complete the transaction contemplated in the November 20, 2007 news release. The Company had previously agreed to sell its interest in the Iliamna Project in Alaska, and a partial interest in its Marcelita-Santa Rosa Project in central Chile.

Geocom has continued its exploration and evaluation of its south Chile properties. With the termination of the Geocom - Goldmark agreement, the Company will now proceed with exploration at its Iliamna Project in Alaska, a joint venture with BHP Billiton and at the Company's wholly owned Marcelita-Santa Rosa Project near Copiapo in central Chile.

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 future exploration at Iliamna and Marcelita-Santa Rosa. Factors that could cause actual results to differ materially include risks and uncertainties of mineral exploration, permitting of ground activities, ability to finance ongoing exploration, and possible weather delays.

Contact Information

  • For further information, please contact:

    Samantha Haynes
    Tel: (604) 805-4653
    E-mail: Email Contact

    Geocom Resources Inc.
    Suite 413 - 114 West Magnolia Street
    Bellingham, Washington
    98225
    Tel (360) 392-2898