Goldmarca Limited
TSX VENTURE : GML
FRANKFURT : GDQ

Goldmarca Limited

July 10, 2007 17:04 ET

Goldmarca Announces Private Placement Closing

TORONTO, ONTARIO--(Marketwire - July 10, 2007) - Goldmarca Limited (TSX VENTURE:GML)(FRANKFURT:GDQ) ("Goldmarca") announces that it has closed its previously announced non-brokered private placement offering of 22,000,000 units at a price of CDN$0.50 per unit (the "Units"), for gross proceeds of CDN$11,000,000. Each Unit is comprised of one common share and one-half of a common share purchase warrant. Each full warrant shall entitle the holder to purchase an additional share, at a price of CDN$0.75 per share, for up to 12 months from July 10, 2007.

In consideration for the services of R&K Global Finance Ltd. in connection with the private placement, Goldmarca will pay a finders' fee of 6% of the gross proceeds of the private placement (totalling CDN$660,000) and has granted to the finder 1,760,000 warrants, being equal to 8% of the aggregate number of Units sold under the private placement. Each finder's warrant is exercisable to acquire one common share of Goldmarca at a price of CDN$0.50 for a period of 24 months from July 10, 2007.

Proceeds from the financing will be used for the purchase of an additional 15% interest in the Condor gold concession in Ecuador, for geological, metallurgical and exploratory drilling work, working capital and for general corporate purposes.

Mark L. Kesselman, Chief Financial Officer noted, "The completion of this financing now allows Goldmarca to pursue its business plan of aggressively expanding its exploration drilling program on its gold concessions in Ecuador."

Fran Scola, Chairman and Chief Executive Officer stated, "This private placement is another important milestone in the overall restructuring and reorganization of Goldmarca, Ltd. I wish to thank our institutional investors for their continued support."

On behalf of the Board of Directors,

Fran Scola, Executive Chairman and CEO

ABOUT GOLDMARCA: Goldmarca Limited (TSX VENTURE:GML) is an international mining company that is engaged in adding value to gold and base metal projects with a primary focus on assets in South America. In addition, Goldmarca owns 44.7% of Atomaer Holdings Pty Ltd., a private Australian holding company. Goldmarca is also listed on the Frankfurt and Berlin exchanges under the symbol "GDQ". For more information, please visit www.goldmarca.com.

Safe Harbor Statement: Statements contained in this release that are not historical facts are forward-looking statements which involve risk and uncertainties, which could cause actual results to differ materially from those expressed in forward-looking statements, including the following risks: changes in economic or environmental conditions and Goldmarca's ability to execute its business model and strategic plans. Goldmarca relies on litigation protection for forward-looking statements.

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

Contact Information