Marksmen Resources Ltd.

Marksmen Resources Ltd.

August 03, 2005 15:02 ET

Marksmen Resources Ltd.: Golden Eagle Drill Program

COMOX, BRITISH COLUMBIA--(CCNMatthews - Aug. 3, 2005) - Marksmen Resources Ltd. (TSX VENTURE:MA.A) ("Marksmen" or the "Company") is pleased to announce that a 1,500 meter diamond drilling program is planned to start mid-August on the Golden Eagle project in northern British Columbia. 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. Further to press releases dated June 16 and July 7, 2005, Signet, in conjunction with its Agent, Pacific International Securities Inc., is in the process of raising the capital that is required to complete the Plan of Arrangement and to meet the minimum listing requirements of the TSX Venture Exchange Inc.

Marksmen Resources Ltd. is a Canadian junior resource company with both gold, and oil and gas properties. The Company's objectives are to increase production and cash flow from oil and gas operations and to explore its gold properties.

On behalf of the Board of Directors

"Brian Cebryk"
President & CEO

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.

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

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