Alliance International Investors Invests in Geocom Resources to Develop Gold Mines in Patagonia, Chile's Futaleufu River Valley

BELLINGHAM, WA--(Marketwire - January 16, 2008) - Geocom Resources Inc. (OTCBB: GOCM) ("Geocom" or the "Company") is pleased to announce that the Company has completed a private placement in the amount of $250,000 with Alliance International Investors based in Chicago, IL.

The private placement consists of 1,250,000 units at a price of $0.20 per unit with one accredited investor for total proceeds of $250,000. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 for a period of one year after the date of the subscription agreement. The registrant has agreed to re-price the warrant exercise price to $0.20 per share following the completion of a listing of its shares on the TSX Venture Exchange.

There is no agent's fee payable on the private placement. Proceeds of the private placement will be used for exploration and development of Geocom's properties and working capital.

For further information please contact Samantha Haynes at 604.805.4653 or via e-mail at ir@geocom-resources.com.

On behalf of the Board of Directors

John E. Hiner, President & CEO

Here is the full article.

To see the plans of that Alliance International Investors has with Geocom Resources and its partner Kinross Gold Corporation, see:

Double threat of Cyanide Leach Mining and Acid Mine Drainage (AMD) imperils the Futaleufu River Valley - Kinross Gold & Geocom Resources responsible