| Press Release |
Source: Geocom Resources Inc. |
Geocom Announces Agreement
With Goldmark Minerals Ltd.
Tuesday November 20,
8:30 am ET
BELLINGHAM, WA--(MARKET WIRE)--Nov 20, 2007 --
Geocom Resources Inc. (OTC BB:GOCME.OB - News) ("Geocom" or "The
Company") is pleased to announce that the Company has entered into
a comprehensive agreement with Goldmark Minerals Ltd. ("Goldmark"),
a TSX Venture listed mineral exploration firm. Geocom has agreed to
sell its equity interest in the Iliamna Project in Alaska, subject
to a right to acquire any diluted interest of BHP-Billiton, plus a
49% interest in its Marcelita-Santa Rosa project near Copiapo,
Chile.
Goldmark has acquired these properties for a
total consideration of $200,000 US payable once the title opinion
has been received. John Hiner, president of Geocom Resources, has
agreed to be the project manager and consultant for the projects in
Alaska and Chile.
Management is pleased to develop this
relationship as an important step to accelerating its exploration
efforts, and as a means of streamlining its move to a Toronto
Venture Exchange listing. The agreement meets the Company's
philosophy of developing strategic partnerships for future
exploration and financing.
The agreement with Goldmark allows for the
exploration and development to drill-ready stage of the
Marcelita-Santa Rosa project, which has languished as the Company
has concentrated on its high-priority south Chile program.
Additionally, the agreement gives Geocom a
strategic relationship with a TSX Venture listed firm and provides
funding without shareholder dilution as the Company positions
itself to make application to the Toronto Venture Exchange for its
own listing. It al
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