Monday, January 14, 2008

Humboldt Capital Corp. Invests in Geocom Resources to Develop Gold Mines in Patagonia, Chile's Futaleufu River Valley

BELLINGHAM, WA--(Marketwire - January 14, 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 $100,000 with Humboldt Capital Corp. which is based in Calgary, Alberta. The private placement consists of 500,000 units at a price of $0.20 per unit with one accredited investor for total proceeds of $100,000. 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 completion of a listing of its shares on the TSX Venture Exchange.

The relationship with Humboldt Capital provides a strong and credible basis in Canada for future financing and support as Geocom plans its move to the TSX Venture Exchange. The principals at Humboldt Capital are well known and respected in both the mining and oil and gas sectors and Geocom welcomes their investment as a validation of the Company's exploration assets.

Here is the full article.

To read about what environmentally destructive projects Canadian Humboldt Capital is investing in, see:

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