Pacific Comox Resources Ltd.

Pacific Comox Resources Ltd.

April 20, 2007 12:03 ET

Pacific Comox Resources Ltd. Resumes Drilling at Ryan Lake

- Drilling resumed on April 19 at Ryan Lake copper-molybdenum project - Drilling continuing at Mabel gold-silver-copper project in Mexico - 821,667 warrants exercised

TORONTO, ONTARIO--(CCNMatthews - April 20, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports that diamond drilling has resumed at its Ryan Lake copper-molybdenum project at Matachewan, Ontario. Infill drilling is continuing on the Carmelitas zone at the Mabel gold-silver-copper property in northern Sonora State Mexico.

The first phase of drilling at Ryan Lake will be about 10,000 feet and will be concentrated on the South Zone where the 26 holes drilled to-date have reported copper-molybdenum mineralization extending 638 feet east-west, 700 feet north-south, and to a depth of 250 feet. The current program will test this area laterally as well as to a depth of 600 feet. The deepest production level of the underground mine was 442 feet when it was in operation during the 1950-64 period.

A total of 821,000 subscriber stock warrants have been exercised to April 16 at an exercise price of $0.10 per share. After the exercise of the warrants there are 140,455,485 common shares outstanding. Outstanding at April 16 are; 3,760,000 warrants exercisable at $0.10 per share expiring on June 23, 2007, 1,500,000 warrants exercisable at $0.12 per share expiring on December 21, 2007, and 53,336,817 warrants exercisable at $0.10 per share expiring on June 12, 2008. If all the warrants were exercised the Company would receive $5,889,682. The Company reports it is granting to directors, officers, and consultants options to purchase 1,400,000 shares at an exercise price of $0.19 per share for a period of five years subject to the acceptance by the TSX Venture Exchange. The Company currently has 4,200,000 options outstanding at an average price of $0.11 per share.

The funds from the exercise of the warrants will be used to advance the exploration programs at the Ryan Lake copper-molybdenum property, at Mabel in Mexico and for working capital.

Robert Hill P. Eng. serves as the qualified person (QP) for the exploration programs under the definitions of National Instrument 43-101.

Donald Empey, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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