Pacific Comox's Proposed Flow-Through Financing Increased to $2.5 Million

Pacific Comox Resources Ltd. (TSX VENTURE: PCM) reports the Company is increasing the proposed non-brokered Flow-Through financing from C$1,500,000 to C$2,500,000. The terms are unchanged. The financing is in the form of units consisting of one flow-through share and one-half common share purchase warrant. A full warrant is exercisable for one common share at C$0.15 for one year from closing. Each unit is priced at C$0.14. The securities will be subject to a four month hold period from the date of closing. A finder's fee of 8% is payable where applicable.

This financing will increase the number of shares outstanding by 17,857,142 to 166,200,970.

In addition to advancing the three areas of drill intersected copper-molybdenum mineralization on the Ryan Lake properties the additional funding will permit an expanded exploration program on the gold potential of the southern part of the property.

The financing is subject to regulatory approval.

Donald Empey, President

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

Contacts: Pacific Comox Resources Ltd. Donald Empey (416) 977-4653 (416) 977-8335 (FAX) Email: dempey@pacificcomox.com Website: www.pacificcomox.com