Marksmen Resources Ltd.

Marksmen Resources Ltd.

August 25, 2005 14:53 ET

Marksmen Resources Ltd.: Drilling Underway

COMOX, BRITISH COLUMBIA--(CCNMatthews - Aug. 25, 2005) - Marksmen Resources Ltd. (TSX VENTURE:MA.A) ("the Company or Marksmen") is pleased to announce that a 1,500 meter diamond drilling program has started on the Golden Eagle project in northern British Columbia. The drill contractor is Caron Diamond Drilling Ltd. and on-site geological supervision is provided by Scott Casselman, B.Sc., P.Geo. of Aurora Geosciences Ltd.

The Company plans to drill test targets in the Skarn, Tannis, Camp, Carbonate and Plateau zones during this program. Road access to the Skarn and Plateau zones has been established, and drill platforms have been constructed on the Skarn and Tannis zones. Drill platforms are being constructed on the Camp and Carbonate zones.

The Company recently completed a geophysical survey to trace Skarn zone mineralization northwards into the Plateau zone, and to better define the electromagnetic targets in the Plateau zone. The survey, conducted by Aurora Geosciences Ltd., comprised 17.2 kilometers of ground magnetics, 8.2 kilometers of horizontal loop EM and 3.6 kilometers of induced polarization/resistivity surveys.

An old bedrock trench at the northeast end of the Skarn zone intersected 69.0 g/t gold over 6.5 meters. The zone has not been drill tested north of the trench. Past drilling over a 265 meter distance south of the trench intersected 7.64 g/t gold over 3.5 meters; 5.96 g/t gold over 1.5 meters; 3.66 g/t gold over 7.0 meters; 2.12 g/t gold over 9.9 meters; 1.26 g/t gold over 6.0 meters; and 1.95 g/t gold over 2.0 meters. Visible gold was noted in several holes.

The Tannis zone gold-in-soil anomaly (peak value of 6.1 g.t gold) is centered on a Cretaceous (?) rhyolite body which hosts a series of gold-bearing sheeted quartz veins up to 300 meters long with individual veins up to 3 meters wide. The anomaly measures 1,200m X 200m and the peak gold value is 6.1 g/t. The system is gold and silver rich. As previously reported the better trench intersections include:

Trench Gold (g/t) Silver (g/t) Width (m)
T9 2.57 35.6 15.5
Incl 15.05 210.7 2.0
T8 5.47 101.6 2.7
Incl 14.31 247.0 1.7
T5 6.34 48.5 3.0
Incl 18.68 142.4 2.0
T14 5.64 19.4 2.3

The Camp zone gold-in-soil anomaly appears to be centered on an intrusive body possibly related to the Cretaceous (?) rhyolite body in the Tannis zone. A rock chip sample from the northwest end of the soil anomaly returned 3.46 g/t gold over 3 meters. The anomaly measures 800m X 400m and the peak gold value is 18.0 g/t.

Streams draining the 2.0 kilometer wide by 2.5 kilometer long Plateau zone are anomalous in gold, antimony, arsenic, silver, bismuth and copper. The stream sediment geochemistry signature indicates both epithermal and VMS environments. In 1997 Boliden Westmin (Canada) Limited drilled one hole to test a coincident magnetic, VLF-EM and induced polarization anomaly along a volcano-sedimentary contact. The hole appears to have been shut down in the hanging wall argillite and did not test for VMS deposits on the volcanic-sedimentary contact. This hole contained an 88.5 meter interval containing gold values up to 355 ppb gold with 13 of 23 analyses above 100 ppb gold.

The Carbonate zone is up to 300 m wide and up to 1,000 m long. A quartz-carbonate stockwork zone, variably mineralized with copper and gold and a possible feeder for a VMS system, has been mapped. The stockwork is coincident with a zone of high chargeability which dips easterly. Coincident airborne quadrature EM responses and magnetic highs characterize parts of the zone. A chip sample of bedrock mineralization, coincident with chargeability zone, returned 4.0% Cu, 6.4 g/t Au & 16.6 g/t Ag over 3.0 meters.

The Golden Eagle project covers approximately 6,800 hectares of highly prospective ground over a distance of approximately 25 kilometres. The property offers excellent discovery potential for a variety of multi-million ounce precious metal deposits including Pogo, Eskay Creek and Fort Knox-type deposits. The Company has diligently accumulated this 100%-owned significant land package over the past four years, and has steadily advanced the project to drill ready status.

This press release has been reviewed and approved by Dr. Kieran Downes, P.Geo., a director of Marksmen Resources Ltd. and a Qualified Person as defined by National Instrument 43-101, under whose direction the Golden Eagle exploration program is being carried out.

As previously announced, the spinout of the minerals properties through Plan of Arrangement from Marksmen to Signet Minerals Inc. ("Signet") was approved by shareholders at the Annual and Special Meeting held June 22, 2005. Until the Plan of Arrangement is completed, the drilling program at Golden Eagle will initially be undertaken by Marksmen on behalf of Signet to take advantage of drill rig availability, and summer access to the property.

On behalf of the Board of Directors

"Brian Cebryk"

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 the Company - 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.

Basic Shares: 14,410,781

Fully Diluted Shares: 17,518,443

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

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