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Pacific Comox Announces Proposed Financing

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  Published in Business and Finance on Friday, November 27th 2009 at 10:39 GMT by Market Wire
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TORONTO, ONTARIO--(Marketwire - Nov. 27, 2009) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) reports the Company plans to raise C$200,000 through a number of private placements. Of the financing $100,000 is in the form of units consisting of one flow-through share and one common share purchase warrant and $100,000 is in the form of units consisting of one common share and one common share purchase warrant. A warrant is exercisable for one common share at C$0.10 for one year from closing. Each unit is priced at C$0.05. 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. The Company has 171,960,655 common shares outstanding.

The funds raised will be used to advance the exploration program on the Ryan Lake copper-molybdenum property near Matachewan, Ontario, the Mabel gold/silver property in Mexico and general corporate purposes.

The financing is subject to regulatory approval.

Donald Empey, President

For further information please contact Donald Empey at tel: 416 977 4653,
fax: 416 977 8335 or email at [ dempey@pacificcomox.com ] or visit Pacific
Comox's website at [ www.pacificcomox.com ].

 Pacific Comox Resources Ltd. 
 One Dundas Street West, Suite 2300, Box 13;
 Toronto, Ontario Canada M5G 1Z3 

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