Landmark Minerals Inc.
TSX VENTURE : LML

Landmark Minerals Inc.

October 31, 2006 09:30 ET

Landmark Completes $405,000 Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2006) - Vancouver, Canada; October 31, 2006 - Landmark Minerals Inc. (TSX VENTURE:LML) is pleased to announce that it has closed its previously announced non-brokered private placement, raising proceeds of $405,000. The financing was oversubscribed and as a result, the Company has issued a total of 900,000 units at a price of $0.45 per unit, each unit consisting of one flow-through common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $0.55 for a period of one year. The securities have a four-month hold period from the date of issuance, expiring on February 27, 2007.

The financing proceeds will be used to carry out exploration on uranium properties in Quebec, the Northwest Territories, and Newfoundland.

Landmark Minerals is a junior uranium exploration company based in Vancouver, Canada with a portfolio of eight uranium exploration projects in Canada. Landmark continues to cooperate with Sahara Resources Inc. to lawfully restore six prospecting permits in Algeria, and is seeking additional uranium exploration opportunities in jurisdictions offering secure mineral title.

ON BEHALF OF THE BOARD OF LANDMARK MINERALS INC.

Harmen J. Keyser, P.Geol., President


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