TORONTO, ONTARIO--(Marketwire - Oct. 5, 2007) - Goldmarca Limited (TSX VENTURE:GML)(FRANKFURT:GDQ)(BERLIN:GDQ) (the "Company") announces the granting of stock options to insiders of the Company pursuant to a new stock option plan approved by shareholders at the Company's annual and special meeting held on October 1, 2007. Under the terms of the approved stock option plan, 41,807,384 common shares of the Company are reserved for issuance under such plan.
Christophe F. Charlier and Keith R. Hulley, the Company's two new directors, were granted options which entitle them to acquire 1,000,000 and 500,000 common shares of the Company respectively upon exercise thereof, and options to vest after one year were granted to Steve McMullen, the Company's newly appointed Vice President, Exploration (Ecuador), entitling him to acquire 300,000 common shares of the Company upon exercise thereof. All of the options granted to the three insiders have an exercise price of $0.50 per common share, and expire on October 5, 2010.
On behalf of the Board of Directors,
Fran Scola, Executive Chairman and CEO
ABOUT GOLDMARCA: Goldmarca Limited focuses on the exploration and development of mineral resources in Latin America. The company's projects are principally focused on gold and base metal exploration assets in South America. In addition, Goldmarca owns 44.7% of Atomaer Holdings Pty Ltd., a private Australian holding company.
Safe Harbor Statement: Statements contained in this release that are not historical facts are forward-looking statements which involve risk and uncertainties, which could cause actual results to differ materially from those expressed in forward-looking statements, including the following risks: changes in economic or environmental conditions and the Company's ability to execute its business model and strategic plans. The Company relies on litigation protection for forward-looking statements.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.