GME Geomark Exploration Ltd.

Geomark Exploration Ltd. (Geomark) (TSX VENTURE:GME) announces important tax
information for Canadian shareholders who participated in the exchange of
Comaplex Mineral Corp. (Comaplex) common shares for Geomark and Agnico-Eagle
Mines Ltd. (Agnico-Eagle) common shares pursuant to the acquisition agreement
between Comaplex, Geomark and Agnico-Eagle (the "Arrangement"). The Arrangement
closed on July 6, 2010. 


The fair market value of the Geomark shares received by the Comaplex
shareholders on the date the Arrangement closed has been determined as $1.02 per
share after all final adjustments have been made. The fair market value of the
Geomark shares at the time of the exchange was not in excess of Comaplex's
paid-up capital and therefore there is no deemed dividend. As a result, if a
Canadian shareholder's adjusted cost basis (ACB) of their Comaplex shares at the
time of the closing was in excess of $1.02 per share, a capital gain will not be
realized as a result of the exchange of shares. In addition, the balance of the
shareholder's Comaplex ACB in excess of $1.02 per share will be allocated to the
Agnico-Eagle shares that were received as part of the Arrangement.


However, if a Canadian shareholder's Comaplex ACB was less than a $1.02 per
share at the time of the closing of the Arrangement, a capital gain will be
realized on the exchange equal to the difference between their ACB and $1.02 and
the shareholder will not have any amount of their Comaplex ACB allocated to the
Agnico-Eagle shares that were received as a result of the Arrangement 


The ACB of all Geomark shares issued as a result of the Arrangement is $1.02 per
share.


All shareholders are advised to consult with their own tax advisors concerning
their individual circumstances. This information is not exhaustive of all
possible income tax considerations, but provides general information and is not
intended to be legal or tax advice to any particular holder of Geomark or
Agnico-Eagle shares that were received from the Comaplex Minerals Corp. plan of
arrangement dated July 6, 2010. Holders or potential holders of Geomark or
Agnico-Eagle shares resulting from the July 6, 2010 transaction should consult
their own legal and tax advisors as to their particular tax consequences of
holding shares.


Geomark Exploration Ltd. is a junior company headquartered in Calgary, Alberta
that explores for precious and base metals. The Company's business strategy is
to generate the majority of its prospects internally, acquire properties in
geologically favourable areas and conduct appropriate exploration programs to
develop their economic potential. Geomark is currently investigating and
developing its mineral assets and claims located in Ontario, the Northwest
Territories and Nunavut, as well as continuing to produce oil and natural gas in
the Western Canadian Sedimentary Basin. Geomark Shares trade on the TSX Venture
Exchange under the trading symbol "GME".

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