Pacific Comox Resources Ltd.
TSX VENTURE : PCM

Pacific Comox Resources Ltd.

November 15, 2006 12:58 ET

Pacific Comox Resources Limited: Mineralization Reported in All 13 Holes Drilled Over East-West Strike Length of 550 Feet

HOLE 45B REPORTED 3 INTERVALS INCLUDING 77 FEET 0.70% Cu & 0.035% Mo

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2006) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the assays for 8 diamond drill holes testing the area of the former producing underground copper mine (the South Zone) at its optioned Ryan Lake copper/molybdenum property at Matachewan, Ontario. The results are summarized in Table 1 which also includes five previously reported holes.

The former underground mine was developed on four levels to a depth of 442 feet and on an East-West strike length of over 1,000 feet. The 13 holes drilled by Pacific Comox to-date have all reported drill intersected mineralization and encompass an area 550 feet on the East-West strike of the former underground copper mine and extend over an area 700 feet from the underground mine to the North.

The zone is considered to be open in all directions:

The most westerly hole drilled, PC-05-01 on Section 9973E reported a mineralized interval of 395 feet starting at 109 feet grading 0.19% copper and 0.014% molybdenum which included a 41 foot interval starting at 390 feet grading 0.42% copper and 0.039% molybdenum.

The most easterly hole drilled, PC-06-41 on Section 10523E reported a mineralized interval of 202 feet starting at 174 feet grading 0.31% copper and 0.038% molybdenum which included a 40 foot interval starting at 272 feet grading 0.42% copper and 0.027% molybdenum.

Drilling is continuing.

The optioned Ryan Lake copper-molybdenum property consists of 10 claims totaling 513 acres. The property was put it into production in 1950 at a 150 ton/day rate with a shaft sunk to 459 feet. No production or significant exploration is reported on the property since 1966.

As previously reported Comox also has an option to acquire the mill on the property which is currently processing barite. The mill would be a major asset going forward to facilitate the resumption of copper/molybdenum production on the property.

Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration program under the definitions of National Instrument 43-101, reviewed this release and supervised the drilling program. The geologists on this program were Dan Crossley P. Eng. and Robert Van Ingen P. Eng.. The samples were assayed by Swastika Laboratories Ltd. at Swastika, Ontario.

Donald Empey

President

View the Company web site at Website: www.pacificcomox.com or the Company filings on SEDAR at www.sedar.com.

One Dundas Street West, Suite 2300, Box 13, Toronto, Ontario Canada M5G 1Z3



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PACIFIC CDEGREESMDEGREESX RESDEGREESURCES LTD.
Table 1: Diamdegreesnd Drill Assays Frdegreesm Ryan Lake Prdegreesperty
Sdegreesuth Zdegreesne - Fdegreesrmer Undergrdegreesund Mine Area
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Hole # From To Length copper Mo Mo
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(ft) (ft) (ft) (%) (%) (lbs/ton)
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PC-05-01 Section 9973E, Northing 10127, Length 655 ft., Azimuth 0 degrees,
Dip -45 degrees
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109 504 395 0.19 0.014 0.28
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Including 109 119 9 0.42 0.011 0.22
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Including 178 199 21 0.51 0.036 0.72
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Including 270 337 67 0.23 0.008 0.16
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Including 390 431 41 0.42 0.039 0.78
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Including 489 504 15 0.48 0.105 2.10
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PC-05-02 Section 10088E, Northing 10221, Length 409 ft.,
Azimuth 0 degrees, Dip -45 degrees
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96 179 83 0.38 0.020 0.40
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Including 96 148 52 0.44 0.030 0.60
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281 339 58 0.44 0.024 0.48
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PC-05-03 Section 10098E, Northing 10104, Length 229 ft.,
Azimuth 0 degrees, Dip -51 degrees
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136 229 136 0.30 0.025 0.50
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Including 200 229 29 0.61 0.074 1.48
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Hole intersected workings at 229 ft.
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PC-05-04 Section 10196E, Northing 10162, Length 258 ft., Azimuth
0 degrees, Dip -52 degrees
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26 47 21 0.20 0.013 0.26
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PC-05-05 Section 10196E, Northing 10065, Length 426 ft., Azimuth
0 degrees, Dip -54 degrees
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170 358 188 0.29 0.026 0.52
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Including 195 256 61 0.56 0.052 1.04
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PC-06-38 Section 10416E, Northing 9831, Length 334 ft, , Azimuth
0 degrees, Dip -45 degrees
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10 27 16 0.22 0.007 0.14
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149 243 94 0.27 0.012 0.24
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Including 149 166 17 0.89 0.009 0.18
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Including 226 243 17 0.42 0.058 1.16
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PC-06-39 Section 10416E, Northing 9778, Length 348 ft, , Azimuth
0 degrees, Dip -45 degrees
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82 94 12 0.67 0.004 0.08
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238 250 12 0.59 0.002 0.04
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279 316 37 0.14 0.247 4.94
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PC-06-40 Section 10416E, Northing 9727, Length 390 ft, , Azimuth
0 degrees, Dip -45 degrees
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107 125 18 0.17 0.001 0.02
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134 170 36 0.16 0.003 0.06
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267 286 19 0.10 0.001 0.02
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295 330 35 0.19 0.001 0.02
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338 357 19 0.34 0.211 4.22
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PC-06-41 Section 10523E, Northing 9802, Length 390 ft, , Azimuth
0 degrees, Dip -45 degrees
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40 82 42 0.10 0.003 0.06
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174 376 202 0.31 0.038 0.76
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Including 174 193 19 0.58 0.010 0.20
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Including 207 256 49 0.51 0.002 0.04
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Including 272 312 40 0.42 0.027 0.54
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Including 321 336 15 0.26 0.204 4.08
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Including 350 376 26 0.24 0.126 2.52
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PC-06-42 Section 10088E, Northing 10155, Length 472 ft, , Azimuth
0 degrees, Dip -45 degrees
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105 174 69 0.13 0.012 0.24
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185 457 272 0.29 0.013 0.26
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Including 185 223 38 0.47 0.046 0.92
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Including 305 400 95 0.44 0.014 0.24
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PC-06-43 Section 10088E, Northing 10055, Length 239 ft, ,
Azimuth 0 degrees, Dip -45 degrees
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93 239 146 0.12 0.005 0.02
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Including 197 235 38 0.22 0.013 0.26
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Hole intersected workings at 239 feet.
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PC-06-44 Section 10088E, Northing 10008, Length 305 ft, , Azimuth
0 degrees, Dip -45 degrees
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5 305 300 0.17 0.008 0.16
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Including 171 305 134 0.30 0.016 0.32
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Hole intersected workings at 305 feet.
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PC-06-45B Section 10033E, Northing 10188, Length 449 ft, , Azimuth
0 degrees, Dip -45 degrees
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27 446 419 0.24 0.012 0.24
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Including 82 159 77 0.70 0.035 0.70
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Including 231 349 118 0.27 0.016 0.32
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Holes PC-05-01 to PC-05-05 were previously reported
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Gold and silver assays were immaterial.
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November 10, 2006
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