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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: John McCarthy8/22/2006 1:43:15 AM
   of 78416
 
Goldmarca Drilling Hits High Grade Zone at the Condor Gold Project Ecuador Intersecting 24 Metres of 12.6 Grams per Tonne of Gold
Monday August 21, 6:13 pm ET

PANAMA CITY, REPUBLIC OF PANAMA--(CCNMatthews - Aug. 21, 2006) - Goldmarca Limited (TSX VENTURE:GML - News) is pleased to announce that at the Condor Gold Project in Ecuador, drilling has intersected another high gold zone of 24 meters of 12.6 g/t gold in hole DEN 34 and 58 meters of 3 g/t gold in hole DCU18. Particularly encouraging was the intercept of 80 meters of 5 g/t gold in Hole 34 and the intersection of a wide disseminated gold zone in Hole DCU 18 of 378 meters of 1 g/t gold. Intercepts of note are summarised in Table 1 below. True widths are estimated to be approximately to 60 to 80% of these drill intercepts depending on the azimuth and dip. Complete results from six holes are attached in Table 2 and located in Figures 1 and 2.

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