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News Release Details

Private Placement

01/19/2006

Vancouver, B.C. – Comcorp Ventures Inc. is pleased to announce it has arranged a nonbrokered private placement of up to 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. Proceeds from the placement will be used towards general working capital.

The above is subject to regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS
Charles Ross, Director

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

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