Mr. Donald Empey reports

CORPORATE ANNOUNCEMENT: RESIGNATION

James Janzen has resigned from his position as chief financial officer and vice-president of exploration and from the board of directors, effective Dec. 31, 2011, as a result of accepting an appointment as an officer with a major gold-mining company.

The board thanks Mr. Janzen for his contribution to Pacific Comox since 2002. He was heavily involved in the acquisition and the exploration of the Mabel gold/silver property in Mexico and the Ryan Lake copper/molybdenum exploration program in the Matachewan area of Ontario.