Pacific Comox Resources Ltd.
TSX VENTURE : PCM

Pacific Comox Resources Ltd.

November 09, 2006 00:01 ET

Pacific Comox Resources Ltd.: Near Surface Intersection of 0.43% '8.9 Lbs/Ton' Molybdenum Over 20 Feet

TORONTO, ONTARIO--(CCNMatthews - Nov. 9, 2006) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the assays for six diamond drill holes testing an area about 300 feet north of the past producing molybdenum open pit (the North Zone) at its optioned Ryan Lake copper/molybdenum property at Matachewan, Ontario. A summary of the drilling results is given in Table 1.

Three of the six holes reported drill intersected mineralization averaging 0.135% molybdenum or 2.70 lbs/ton over 19 metres or 63 feet starting at 9 metres or 28 feet from the collar of the holes.

Of the 20 holes completed in the North Zone and previously reported, 12 holes reported a total of 15 intervals with an average grade of 3.3 lbs/ton or 0.16 % molybdenum. The average length of the intervals was 11 metres or 37 feet starting at 16 metres or 52 feet in the core. The average copper grade in the intervals was 0.12%.

Diamond drilling is now concentrated in the area of the former underground copper/molybdenum mine where five holes were previously drilled and reported encouraging results.

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 with development on 4 levels. The development extended for 1,000 feet on an east-west direction and about 500 feet north-south. 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 geologist on this program was Dan Crossley P. Eng.. The samples were assayed by Swastika Laboratories Ltd. at Swastika, Ontario.

Donald Empey

President



PACIFIC COMOX RESOURCES LTD
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Table 1:SUMMARY OF2006 CLT ZONE DRILLING RESULTS


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Drill Hole From To Length Length Cu Cu Mo Mo
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PC-06- (m) (m) (m) (feet) (%) (lbs/ton) (%) (lbs/ton)
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30 UTM 17T 522483, 5313841, Length 98m (321 ft),
Azimuth 300(degrees), Dip -44(degrees)
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7 54 47 153 0.01 0.1 0.07 1.30
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Including 9 19 11 34 0.02 0.4 0.18 3.56
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82 85 3 10 0.01 0.1 0.06 1.14
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31 UTM 17T 522484, 5313838, Length 50m (164 ft),
Azimuth 280(degrees), Dip -43(degrees)
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1 25 23 76 0.02 0.4 0.13 2.68
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Including 5 23 18 59 0.02 0.4 0.16 3.28
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32 UTM 17T 522488, 5313826, Length 50m (164 ft),
Azimuth 280(degrees), Dip -45(degrees)
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37 49 12 39 0.04 0.9 0.02 0.32
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33 UTM 17T 522491, 5313819, Length 102m (334 ft),
Azimuth 340(degrees), Dip -45(degrees)
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46 70 24 77 0.02 0.4 0.05 0.90
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Including 56 65 9 30 0.01 0.1 0.07 1.46
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34 UTM 17T 522455, 5313844, Length 71m (233 ft),
Azimuth 90(degrees), Dip -50(degrees)
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16 40 24 79 0.01 0.1 0.12 2.34
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Including 24 30 6 20 0.01 0.1 0.43 8.66
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35 UTM 17T 522451, 5313856, Length 86m (282 ft),
Azimuth 90(degrees), Dip -50(degrees)
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9 22 13 44 0.01 0.0 0.02 0.38
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Including 9 16 7 24 0.02 0.4 0.03 0.62
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Gold and silver values returned not significant.
November 7, 2006
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