Goldmarca Limited

Goldmarca Limited

July 11, 2007 14:53 ET

Goldmarca Now in Position to Increase Interest in Condor Concession

TORONTO, ONTARIO--(Marketwire - July 11, 2007) - Further to the news release issued July 10, 2007 announcing the closing of the private placement raising gross proceeds of $11,000,000, Goldmarca Limited (TSX VENTURE:GML)(FRANKFURT:GDQ) ("Goldmarca") wishes to advise that it intends to use a portion of the proceeds from the private placement to increase its ownership interest in the Condor concession in Ecuador by 20%, rather than the 15% figure included in the July 10, 2007 news release. As a result, Goldmarca's ownership interest in the Condor concession would increase to 90% upon closing of the purchase of such interest. The purchase of the additional 20% interest in the Condor concession is expected to cost approximately USD$2,500,000.

Goldmarca also advises that the securities issued pursuant to the July 10, 2007 private placement are subject to a TSXV hold period expiring on November 11, 2007.

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 exploration 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

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 the Company's ability to execute its business model and strategic plans. The Company 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.

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