Goldmark Minerals Ltd. Announces Year End Results

Goldmark Minerals ltd.(TSX VENTURE:GMK) announces that has filed its 2007
Management Discussion and Analysis and Financial Statements.


Goldmark is pleased to report on the progress on the new business focus during
the 2007. The mining business was hit late in the year by weakening metal prices
and a slow rotation out of the junior mining sector. Added to that was a high
degree of uncertainty in the political stance towards mining in Ecuador and some
other countries, adding to the weakening of stock prices.


Property Acquisition and Exploration

During the year Goldmark's activity consisted of exploration on and the
assessment of a number of prospects in South America and Alaska, commencing with
its concession Abigail in Ecuador, and acquiring the concession adjacent to it,
Aleman. The initial results were less than expectd and the Government of Ecuador
indicated policy changes which were not favorable to the mining industry. As a
result, Goldmark decided to put this project on hold for the time being while it
waits to receive Government approval respecting its environmental study.


In Brazil Goldmark reviewed the potential acquisition of a gold prospect and
after preliminary work was not encouraged and decided not pursue additional
activity in Brazil at this time.


In Peru Goldmark acquired an option to purchase the Huachac Gold Project located
in Huaytara Province. The Company completed an exploration program on the
property and based on the results, the Company has decided not to pursue the
right to purchase the property.


In the fourth Quarter Goldmark entered into acquisition agreement with Geocom
Resources Inc. acquire all of Geocom's interest in the Iliamna property in
Alaska, and 49% of Geocom's complete ownership of the Santa Rosa and Marcelita
properties in Central Chile. It was subject to the review of certain information
with respect to the property.


Subsequent to the year end and after completing its review, Goldmark elected not
to complete the transaction.


Property Disposition and Farm Out

Goldmark completed the farm out of its interest in the Walker Fork prospect on
March 31, 2007 whereby Goldmark retains 10% production royalty on the property
to a maximum of $500,000. During the year, Goldmark received $19,000 in income
from this agreement.


Financial

Goldmark earned revenues of $269,000 through the sale of its property in Alaska
and from income from the ongoing production royalty on the property.


Goldmark completed an equity issue raising $2.1 million of new capital through
the issue of 8.4 million shares and warrants.


Goldmark reported a loss of $326,000 for the year compared to $84,000 for the
previous year as the overhead costs necessary to pursue its business plan
totaled $278,000 and the Company also incurred $197,000 costs evaluating
prospective properties.


The working capital position of the Company at the end of the year was $1.6 Million.



Financial Summary
                                                               Years Ended
                                                     2007             2006
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Revenue                                   $       269,307    $       2,261
Loss for the year                                (325,785)         (47,798)
 per share, basic and diluted                       (0.02)           (0.01)
Total assets                                    1,911,889          452,285
Working capital                           $     1,631,237    $      74,464
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Business Outlook

Goldmark's business plan has been to capitalize on cyclically high metal prices,
driven by growing world demand, by developing an opportunistic approach to the
acquisition of property, along with aggressive exploration program in Ecuador,
Peru, Chile and the Alaska and potentially Canada.


The political unrest in certain countries will make some exploration risky and
the changes in the marketplace since late 2007 have changed the dynamics of
being able to raise capital significantly; now becoming somewhat more
conservative. This creates potential buying opportunities for Goldmark.


The Company is in a solid financial position for a junior exploration company
with a substantial cash balance of $1.6 Million and a low burn rate.


Goldmark is continuing to review a series of opportunities and remains
optimistic that the growing demand in metal and the current limited supply will
result in significant opportunities for the Company in 2008.


Further details on the Company's projects are available on the Goldmark Minerals
website at www.goldmarkminerals.com.


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 drawing the conclusion or making the forecast or projection as reflected
in the forward-looking information is contained in the press release.