Marksmen Resources Ltd.
TSX VENTURE : MA

Marksmen Resources Ltd.

January 16, 2008 15:48 ET

Marksmen Signs Letter of Intent to Sell Non-Core Saskatchewan Properties

CALGARY, ALBERTA--(Marketwire - Jan. 16, 2008) - Marksmen Resources Ltd. ("Marksmen" or the "Company") (TSX VENTURE:MA) is pleased to announce that it has entered into a letter of intent dated January 15, 2008 to sell certain non-core properties in Saskatchewan. The sale includes a non-operated producing oil property and two non-producing properties.

The effective date of the transaction is January 1, 2008 with a closing date to occur on or about February 13, 2008. The sale is subject to a number of conditions including, but not limited to, the satisfactory completion of final due diligence by the purchaser, regulatory approval including approval of the TSX Venture Exchange and execution of a purchase and sale agreement.

On behalf of the Board of Directors

Peter Malenica, President & CEO

Statements in this press release may contain forward-looking statements. Except for statements of historical fact, all statements in this press release - including, without limitation, statements regarding future plans and objectives of Marksmen - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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

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