Tuesday, November 20, 2007

Espolon Claim owner, Geocom Resources Inc. to sell Chilean properties to Goldmark Minerals Ltd. of Canada

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2007) - Goldmark Minerals Ltd. (TSX VENTURE:GMK) is pleased to announce it has finalized an acquisition agreement with Geocom Resources Inc. (Geocom) to purchase all of Geocom's interest in the Iliamna properties in Alaska, and 49% of Geocom's interest in the Santa Rosa and Marcelita properties in Central Chile.

Pursuant to this agreement, which is subject to receipt of title opinions satisfactory to Goldmark, Goldmark will purchase Geocom's interest, which comprises a 52.5% interest in the H claim section and a 38.5% interest in the D claim section of the Alaskan Iliamna project, a copper porphyry exploration project consisting of 318 sq kilometers of claims. Geocom acquired its interest in Iliamna pursuant to an Option agreement with TNR Gold. Goldmark will be the operator of this project.

In addition, Goldmark will acquire a 49% interest in Geocom's Santa Rosa and Marcelita projects in central Chile, which are also copper porphyry claims. The Santa Rosa and Marcelita properties are located in the Zapallar mining district, 40 kilometers southeast of Copiapo, Tierra Amarilla County, Region III, Chile. The claims consist of a total area of 29 square kilometers and are 100% owned by Geocom through its Chilean subsidiary.

Goldmark Minerals has acquired these properties for a total consideration of $200,000US payable once title opinions have been received.


"Goldmark Minerals is excited about exploring both Iliamna and Santa Rosa/Marcelita. We feel that these are interesting high impact exploration projects," says Bob Lamond, Chairman of Goldmark.. "This is another step in focusing Goldmark's business efforts in this strong commodities marketplace on some potentially significant projects. The Company will announce the specific plans for both Alaska and Chile shortly."

Here is the full article.