Goldmark Minerals Ltd. (TSX VENTURE:GMK) announces its financial and operating
results for the six months ending June 30, 2007 showing a loss of $131,767 and a
strong work capital position of $1,863,416. Goldmark reports significant
progress in its restructuring and new business focus as it has acquired the
option to purchase two gold bearing properties, one in Brazil and one in Peru
and the completion of the first phase of exploration work on Abigail, its
concession in Ecuador.


Financial

During the first half of 2007, Goldmark finalized the sale of non-core assets in
Alaska and Canada. The Company realized a gain on the sale of $219,550 on
proceeds of $266,100. The gain was offset by an increase in overhead cost and
business development cost for work in Brazil, and non-cash compensation costs
related to the issue of options to employees and directors resulted in a loss of
$131,767 for the period.


Furthermore, during the second quarter of 2007, Goldmark completed a financing
raising $2.1 million through the issue of 8.4 million units. Each unit consisted
of one share and one share purchase warrant. Each warrant entitled the purchaser
to purchase an additional share at a price of $0.35 per share until May 15,
2009. The proceeds will be used to fund the Company's exploration activities in
South America.




Financial Summary

                                                   Six months ended June 30,
                                           2007          2006          2005
----------------------------------------------------------------------------
Revenue                             $   219,550     $       -     $   1,242
Loss for the period                 $  (131,767)    $ (19,025)    $ (14,709)
  per share, basic and diluted      $     (0.01)    $   (0.00)    $   (0.00)
Total assets                        $ 2,148,075     $ 110,650     $ 163,136
Working capital (deficiency)        $ 1,863,416     $ (95,416)    $ (73,996)



Business Development

Peru

Goldmark has also acquired an exclusive option to review certain properties
located in Huaytara Province, of Peru, some 300 kilometers south of Lima. The
Company has paid $20,000 US for a five month option to the exclusive right to
access and explore the properties and, if it so wishes, finalize a purchase
agreement. The Company is now commencing an exploration program on the property
consisting of rock and soil sampling, mapping and some geophysical analysis on
the properties.


Ecuador

The sampling results on the initial early stage exploration program of the
Abigail property in southern Ecuador has now been completed The 1,745 hectares
large Abigail concession is 100% owned by the Company's Ecuadorian subsidiary,
Goldminerals Ecuador SA. and was acquired in January 2007. The company also owns
the Aleman I property that circumferences the north and northeastern corner of
Abigail. The assay results of the soil samples confirm the existence of gold on
Goldmark Minerals property, confined to a corridor with a high concentration of
the northeastern trending quartz veins.


The exploration program revealed and confirmed the general geology is dominated
by the Tres Lagunas Granite. During this initial exploration program, completed
at the beginning of April 2007, a total of 433 samples, 366 soil samples, 17
rock and 49 samples of stream sediments and colluvial sediments were taken and
sent for geochemical assay to ALS Chemex. The samples were processed at the ALS
Laboratory in Quito and assayed at their facilities in Vancouver.


Elevated values of gold were detected in 3 soil samples on the property .The
assay results as reported by ALS-Chemex Vancouver with values of gold exceeding
0.039 ppm in soil samples:




----------------------------------------------------------------------------
Soil sample #                                                Values of Gold
----------------------------------------------------------------------------
                                                                     in ppm
----------------------------------------------------------------------------
- W     1                                                             0.326
----------------------------------------------------------------------------
- W     6                                                             0.039
----------------------------------------------------------------------------
- W    18                                                             0.103
----------------------------------------------------------------------------



The samples were assayed according to ALS-Chemex assay code Au-ICP 22 and ME-ICP
41 for 35 elements Aqua Regia Solution.


At this stage it was not clear if the quartz veins host the free gold. It
appears the gold mineralized area is restricted to a zone of at least 250 m wide
and over 1000 m long striking in northeasterly direction extending to the
northern portion of the concession and apparently connecting to the concession
(not owned by Goldmark Minerals) that is currently being mined. Geological
evidence suggests the gold bearing zone is controlled by a northeasterly
trending fault zone and an extension of the fault to the southwest, transecting
a large portion of the Abigail concession.


The results were not as good as the Company had anticipated, however the sample
results indicated elevated values of gold in sufficient quantities to justify
trenching and further evaluation. This work will be delayed until additional
geological work has been completed.


Eight Km to the north of the Abigail claim the El Mozo property contains
inferred resources (as of 10 June 2004) estimated at 3.5 million tonnes at an
average grade of 2.3 g/t gold, i.e. 256,000 ounces of inferred resources of
contained metal gold related to an epithermal system. The findings at El Mozo
and current gold mining activities at the northern boundary of the Abigail
concession were the catalysts for the exploration for gold on this property.


The exploration program was supervised by Gerhard Jacob, President of Goldmark
Minerals Ltd. Mr. Jacob is a registered professional geologist with the Society
of Professional Geoscientist of Germany. J. Kraus, PhD., PGeo., the qualified
person, and registered with APPEGA, inspected the sampling procedure, recording
and confirmed the sampling methods complied with the standards set by the
national instrument 43-101. J. Kraus has reviewed the contents of this release
for accuracy.
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