Pacific Comox Amends Closing to $2.55 From $2.50 Million for Financing

TORONTO, ONTARIO--(Marketwire - Dec. 20, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM) amends its news release of Nov. 30 to report the funds raised was increased to $2,551,100.60 from $2.5 million for its previously reported non-brokered private placements. The financing is in the form of units consisting of one flow-through share and one-half share purchase warrant. A warrant is exercisable for one common share at C$0.15 for one year from closing. The price of a unit was $0.11/unit. The securities will be subject to a four month hold period from November 30, 2007. A finder's fee of 8% is payable on $1,525,000.60 of the Units.

Directors of the Company subscribed for C$154,000 of the financing. This financing will increase the number of shares outstanding by 23,191,826 to 171,535,654.

The funds raised will be used to advance the exploration program on the Ryan Lake copper-molybdenum properties near Matachewan, Ontario.

The financing is subject to final regulatory approval.

Donald Empey, President

FOR FURTHER INFORMATION PLEASE CONTACT:

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

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