To: koan who wrote (25044 ) 11/11/2006 7:11:28 PM From: koan Respond to of 78419 GML---!!! Goldmarca Ltd (C-GML) - News Release Goldmarca drills 400 m of one g/t Au at Soledad 2006-11-10 15:27 ET - News Release Shares issued 144,265,226 GML Close 2006-11-09 C$ 0.73 Mr. Robin Slaughter reports GOLDMARCA DRILLING EXTENDS GOLD MINERALISATION AT CONDOR GOLD PROJECT SECTOR SOLEDAD BRECCIA INTERSECTING 254 METRES OF 1.5 GRAMS PER TONNE GOLD According to Goldmarca Ltd., at the Condor gold project in Ecuador, vertical drill hole DSO-01 from the surface has intersected a disseminated gold zone in the Soledad sector of 400 metres of one gram per tonne, including 254 metres of 1.5 grams per tonne gold. These intercepts represent the depth of mineralization from the surface of the Soledad breccia system either similar to a pike or a contact zone. The intercepts extend the depth of the known gold mineralization from 141 metres (TVX 2000) to 400 metres or approximately 260 metres of extension. TVX intersected, in drill hole DD081, 141.4 metres of 1.8 grams per tonne gold, 15.1 grams per tonne silver and 0.67 per cent zinc. These assay results correlate well with the assays results from Goldmarca drill hole DSO-01 which assayed over 142 metres 1.7 grams per tonne gold, 15 grams per tonne silver and 0.73 per cent zinc. The drilling program at Soledad involves drilling an umbrella pattern of holes from a central location with an additional 4,000 metres programmed as a basis for estimating measured and indicated resources. Drill hole DSO-2 drilled, on azimuth 308 degrees, intersected 1.7 grams per tonne gold over 100 metres. The gold grades at Soledad are higher near the surface and decrease with depth. CONDOR GOLD PROJECT SOLEDAD DRILLING RESULTS, NOVEMBER, 2006 Hole Elev Depth Azimuth Dip From To Intercept Au Ag Zn (m) (m) (degrees) (deg- (m) (m) (m) (g/t) (g/t) (%) rees) DSO-01 1,622 459 0 90 0 459 459 0.9 8.4 0.54 incl. 0 400 400 1.0 9.0 0.58 incl. 0 254 254 1.5 12.1 0.65 incl. 0 142 142 1.7 15.0 0.73 DSO-02 1,622 350 308 75 0 120 120 1.5 6.0 0.85 incl. 0 100 100 1.7 7.0 0.92 Two additional holes were drilled at Los Cuyes sector to define the boundaries of the higher-grade zone. Ten thousand metres of drilling are planned as infill drilling as a basis to estimate measured and indicated resources. This systematic drilling program on a grid basis has commenced with 18 holes each of 500 metres length planned for drilling. CONDOR GOLD PROJECT LOS CUYES DRILLING RESULTS, NOVEMBER, 2006 Hole Elev Depth Azimuth Dip From To Intercept Au Ag Zn (m) (m) (degrees) (deg- (m) (m) (m) (g/t) (g/t) (%) rees) DCU-19A 1,440 377 323 60 76 350 274 0.5 4.8 0.29 incl. 164 342 176 0.55 6.8 0.40 incl. 164 282 118 0.6 7.1 0.44 DCU-20 1,515 592.6 187 64 74 592.6 518.6 0.5 5.6 0.24 incl. 178 442 264 0.8 8.0 0.34 incl. 336 440 104 1.21 9.9 0.24 The drill results demonstrate the potential for disseminated gold mineralization at the Soledad and Los Cuyes sectors in the Condor gold project, within a lower-grade mineralized envelope. These breccias represent a window of a large epithermal system "inside" a breccia camp with surface dimensions of 2.5 kilometres by 2.5 km and 500 m in depth. The breccia camp includes San Jose, Bonanza, Soledad, Guayas, Buena Esperanza, Brechas Negras, Gossan Lunam, Los Cuyes, Pangui and Reina del Cisne. These breccias have been localized by mapping, geophysics and by drilling. The breccia mineralization is apparently structurally controlled. The geophysical program at Condor has been completed and the anomalies are being interpreted for targeting future drilling. The plan is to continue to drill the known breccias to define resources and drill exploration targets aided by previous drilling and geophysics. The Condor geological model (lower zone -- breccias) has close similarities to the Pascua gold deposits in Chile (breccias -- lower zone) with an additional disseminated type in upper zones in volcanoclastic cover. Drilling comprises NQ diamond core with recovery close to 100 per cent. The core samples are sawed in half and half the core was crushed and pulverized, and then assayed for gold, silver and zinc at the Acme Laboratory, Vancouver, Canada, by fire assay with an ICPAES or gravimetric finish. Sample preparation was performed by Acme's sample preparation facility in Cuenca, Ecuador. As part of quality assurance/quality control (QA/QC), certified standards of known gold content are inserted every 20 samples, blanks were inserted every 20 samples, and field and laboratory blind duplicates taken every 20 samples. The other half of the core is retained on-site for verification and reference purposes. Dr. Howard Lahti, PhD, geology, is acting as qualified person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy. We seek Safe Harbor.