Goldmark Minerals Ltd.

Goldmark Minerals Ltd.

December 19, 2006 14:02 ET

Goldmark Announces Closing of Private Placement

CALGARY, ALBERTA--(CCNMatthews - Dec. 19, 2006) - Goldmark Minerals Ltd. (TSX VENTURE:GMK) today announced that it has closed its previously announced private placement of 2,550,000 shares at a price of $0.10 per share for an aggregate consideration of $255,000. The proceeds from the private placement will be used to evaluate the acquisition of new core properties for Goldmark.

The shares have been issued in compliance with prospectus and regulation exemptions and are subject to a four month hold period and may not be traded until April 19, 2007.

Forward-looking statements - the press release today contains "forward-looking" information. Actual results could differ materially from the conclusions, forecasts or projections in the forward-looking information. Certain material factors and assumptions were applied in drawing the conclusions or making the forecasts or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing the conclusion or making the forecast or projection as reflected in the forward-looking information is contained in the press release.

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

Contact Information

  • Goldmark Minerals Ltd.
    Peter Barker
    Chief Executive Officer
    (403) 299-0357
    Goldmark Minerals Ltd.
    Robert W. Lamond
    Chairman of the Board
    (403) 269-9889
    (403) 269-9890 (FAX)