Vancouver, B.C. – Comcorp Ventures Inc. announces the closing of a non-brokered private
placement of 1,200,000 units at $0.28 per unit. Each unit is comprised of one common share and one
half of a non-transferable share purchase warrant. One whole share purchase warrant entitles the
holder to acquire one common share at a price of $0.50 for a period of one year expiring on February
9, 2007. Common shares issued in connection with this private placement have a hold period expiring
June 10, 2006. Proceeds from the placement will be used towards general working capital.
On behalf of the Board of Directors,
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy
of this release.