Yearly Archives

2015

San Marco’s Warrant Exercise Incentive Program Completed

By | 2015

Vancouver, B.C. – November 2, 2015: San Marco Resources Inc. (SMN: TSX-V) announces that it has completed its warrant exercise incentive program respecting warrants issued under two non-brokered private placements in 2014 and 2015. Under the program, 2,353,000 warrants were exercised at $0.05 per share for proceeds of $117,650 and 2,353,000 non-transferable “incentive” share purchase warrants, entitling the holder to acquire one common share at an exercise price of $0.05 until October 16, 2018, were issued.

The common shares issuable on the exercise of 1,000,000 “incentive” warrants issued to a director of the Company are subject to a four month restricted resale period expiring February 24, 2016. Any common shares issued on the exercise of the other “incentive” warrants will not be subject to any resale restrictions.

The proceeds from the early exercise of the outstanding warrants will be used for continued exploration of San Marco’s Cuatro de Mayo Project in Sonora State, Mexico and general working capital purposes.

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which San Marco is currently active (www.sanmarcocorp.com).

San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng., CEO
Phone: 604-813-2606
rwillis@sanmarcocorp.com

This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward-looking statements”), which are not historical facts but are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. These forward-looking statements are made as of the date of this news release. San Marco Resources Inc. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco’s Warrant Exercise Incentive Program Extended

By | 2015

Vancouver, B.C. – October 14, 2015: San Marco Resources Inc. (SMN: TSX-V) announces that the expiry date of its warrant exercise incentive program respecting warrants issued under two non-brokered private placements completed in 2014 and 2015 has been extended to Friday, October 30, 2015.

Under the warrant exercise incentive program and following the amendment of the warrants issued in 2014, there are 14,567,500 outstanding warrants which entitle the purchase of common shares of San Marco at $0.05 per share until January 28, 2016, then at $0.10 per share until January 28, 2017 and then at $0.15 until January 28, 2018. To encourage the early exercise of these warrants, San Marco has amended their terms such that each holder who exercises an outstanding warrant before Friday, October 30, 2015 shall receive an additional non-transferable share purchase warrant entitling the holder to acquire one common share at an exercise price of $0.05 until October 16, 2018. Warrants to purchase 1,198,500 shares issued as finder’s fees are not part of the program.

If a holder does not exercise the outstanding warrants before October 30, 2015 (or only partially exercises them), the outstanding warrants (or the portion not exercised) shall continue to be exercisable to purchase only common shares of San Marco at $0.05 per share until January 28, 2016, then at $0.10 per share until January 28, 2017 and then at $0.15 until January 28, 2018.

The proceeds from the early exercise of the outstanding warrants will be used for continued exploration of San Marco’s Cuatro de Mayo Project in Sonora State, Mexico and general working capital purposes.

Directors of San Marco own an aggregate 3,239,500 outstanding warrants subject to the program. Any common shares issued to them upon the exercise of additional warrants they may acquire will be subject to a four month restricted resale period. Shares issued to other warrant holders under additional warrants issued to them will not be subject to such restricted resale period.

The participation in the incentive program by, and issuance of the additional warrants to, such directors constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the warrant exercise incentive program is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as San Marco’s common shares are listed on the TSX Venture Exchange and, in respect of the minority shareholder approval requirement, neither the fair market value of the additional warrants nor the consideration to be received for the additional warrants exceeds 25% of San Marco’s market capitalization.

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which San Marco is currently active (www.sanmarcocorp.com).

San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng., CEO
Phone: 604-813-2606
rwillis@sanmarcocorp.com

This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward-looking statements”), which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. These forward-looking statements are made as of the date of this news release. San Marco Resources Inc. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco’s Warrant Exercise Incentive Program Approved

By | 2015

Vancouver, B.C. – October 6, 2015: San Marco Resources Inc. (SMN: TSX-V) is pleased to announce that the TSX Venture Exchange has approved its warrant exercise incentive program respecting warrants issued under two non-brokered private placements completed in 2014 and 2015. The Exchange also approved the amendment of the warrants issued in the 2014 placement so that their terms now match the terms of the warrants issued in the 2015 placement.

Under the warrant exercise incentive program and following the amendment of the warrants issued in 2014, there are 14,567,500 outstanding warrants which entitle the purchase of common shares of San Marco at $0.05 per share until January 28, 2016, then at $0.10 per share until January 28, 2017 and then at $0.15 until January 28, 2018. To encourage the early exercise of these warrants, San Marco has amended their terms such that each holder who exercises an outstanding warrant before Friday, October 16, 2015 shall receive an additional non-transferable share purchase warrant entitling the holder to acquire one common share at an exercise price of $0.05 until October 16, 2018. Warrants to purchase 1,198,500 shares issued as finder’s fees are not part of the program.

The proceeds from the early exercise of the outstanding warrants will be used for continued exploration of San Marco’s Cuatro de Mayo Project in Sonora State, Mexico and general working capital purposes.

If a holder does not exercise the outstanding warrants before October 16, 2015 (or only partially exercises them), the outstanding warrants (or the portion not exercised) shall continue to be exercisable to purchase only common shares of San Marco at $0.05 per share until January 28, 2016, then at $0.10 per share until January 28, 2017 and then at $0.15 until January 28, 2018.

Directors of San Marco own an aggregate 3,239,500 outstanding warrants subject to the program. Any common shares issued to them upon the exercise of additional warrants they may acquire will be subject to a four month restricted resale period. Shares issued to other warrant holders under additional warrants issued to them will not be subject to such restricted resale period.

The participation in the incentive program by, and issuance of the additional warrants to, such directors constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the warrant exercise incentive program is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as San Marco’s common shares are listed on the TSX Venture Exchange and, in respect of the minority shareholder approval requirement, neither the fair market value of the additional warrants nor the consideration to be received for the additional warrants exceeds 25% of San Marco’s market capitalization.

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which San Marco is currently active (www.sanmarcocorp.com).

San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng., CEO
Phone: 604-813-2606
rwillis@sanmarcocorp.com

This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward-looking statements”), which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. These forward-looking statements are made as of the date of this news release. San Marco Resources Inc. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Announces Warrant Exercise Incentive Program

By | 2015

Vancouver, B.C. – September 15, 2015: San Marco Resources Inc. (SMN: TSX-V) is pleased to announce the adoption of an incentive program to encourage the early exercise of its outstanding share purchase warrants.

The outstanding warrants, issued under non-brokered private placements, entitle the purchase of common shares of San Marco as follows:

  • 14,166,000 shares at $0.05 per share until January 28, 2016, then $0.10 per share until January 28, 2017 and then at $0.15 until January 28, 2018; and
  • 1,600,000 shares at $0.50 per share until April 24, 2017 (subject to TSX Venture Exchange approval, San Marco intends to also amend the terms of such warrants to match the 14,166,000 warrants).

To encourage the early exercise of the outstanding warrants, San Marco proposes to amend their terms such that each holder who exercises an outstanding warrant before Friday, October 16, 2015 shall be entitled to receive an additional non-transferable share purchase warrant entitling the holder to acquire one common share at an exercise price of $0.05 until October 16, 2018. The common shares issuable upon the exercise of the additional warrants will be subject to a four month restricted resale period. The proceeds from the early exercise of the outstanding warrants will be used for continued exploration of San Marco’s Cuatro de Mayo Project in Sonora State, Mexico and general working capital purposes.

If a holder does not exercise the outstanding warrants before October 16, 2015 (or only partially exercises them), the outstanding warrants (or the portion not exercised) shall continue to be exercisable to purchase only common shares of San Marco on their original terms.

Directors of San Marco own an aggregate 3,239,500 outstanding warrants. Their participation in the incentive program and issuance of the additional warrants constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the warrant incentive program is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as San Marco’s common shares are listed on the TSX Venture Exchange and, in respect of the minority shareholder approval requirement, neither the fair market value of the additional warrants nor the consideration to be received for the additional warrants exceeds 25% of San Marco’s market capitalization.

The incentive program is subject to approval by the TSX Venture Exchange.

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which San Marco is currently active (www.sanmarcocorp.com).

San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng., CEO
Phone: 604-813-2606
rwillis@sanmarcocorp.com

This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward-looking statements”), which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. These forward-looking statements are made as of the date of this news release. San Marco Resources Inc. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Continues Exploration at Cuatro de Mayo; Samples 1.2 m of 26.4 g/t Gold on Newly Discovered Vein at Chunibas and Discovers New Gold Target at Corral

By | 2015

Vancouver, B.C. – September 14, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) releases assay results from continuing exploration at its 100% owned and optioned Cuatro de Mayo Project in Sonora, Mexico.

Sampling and mapping at the El Chunibas target resulted in identification of new high grade veins, presence of mineralization in the wall rock and expansion of the veins along their strike.

Rock sampling of the newly discovered Corral target confirmed the presence of gold mineralization.

El Chunibas Target

Rock chip sampling completed in the northern extension of Santa Rosa vein system identified a new gold bearing vein that returned 1.2 m @ 26.4 g/t Au.

Wall rock mineralization previously identified around the Santa Fe vein that returned 10 m @ 3.8 g/t Au in the hanging wall (see San Marco news release of May 06, 2015) was also confirmed around the Western vein. Additional sampling of the Western vein confirmed the presence of previously reported high grade gold mineralization (8.42 g/t Au), and also identified the presence of mineralization in the wall rock (6 m @ 0.1 g/t Au and 9 m @ 0.2 g/t Au).

Variability of gold assay results obtained from re-sampling of the same interval (Santa Fe and Gusima veins) and re-assaying of sample rejects (Santa Fe vein) confirmed the presence of free gold (also seen during current activities by local miners).

Newly identified mineralization in the vein wall rock could be a significant occurrence for any future mineral resource generation.

Strike length of the known veins, the Santa Rosa, Santa Fe, Gusima and Western, was extended from 400 m to 1 km as a result of additional soil sampling and mapping. All four veins known to date are open to the south, with the Gusima and Western veins open to the north as well (see PDF presentation on Company website: www.sanmarcocorp.com).

Additionally, recent exploration identified two sub-parallel veins located on both sides of the Western vein.

The Chunibas targets are a series of veins hosted in intrusive rocks that have intruded tuff agglomerates. To date, several sub-vertical veins and numerous high-grade iron-oxide shear zones have been identified on the property.

Presently, the mineralized zone with gold bearing veins, shears, and mineralized wall rocks, occur over an area that is approximately 750 m wide and 1.5 km long, and is open in all directions.

Corral Target

Reconnaissance rock sampling of this newly discovered vein system confirmed the presence of gold mineralization, 0.6 g/t Au collected as a composite over 10 m.

The Corral target is a newly discovered low sulphidation system with strong veining exhibiting massive, bladed, comb, cockade, and crustiform quartz textures. The Corral vein system is at least 1.3 km long, and over 400 m wide with individual quartz veins that can reach up to 1 to 2 m in width.

The Corral vein system is open in all directions (see San Marco news release May 27, 2015), is very similar to the Oregano vein system and is located approximately 1 km to the east from Oregano (see San Marco news release of May 6, 2015).

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active (www.sanmarcocorp.com).

San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, P. Eng; CEO
Phone: 604-568-5951
Cell: 604-813-2606
rwillis@sanmarcocorp.com

Piotr Lutynski, P. Eng.
Geology Advisor

Cell: 604-765-9373
Piotr_Lutynski@hotmail.com

National Instrument 43-101 Disclosure

The technical information contained in this document has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Samples were prepared for assay at Bureau Veritas Minerals (Acme/Inspectorate) Lab in Mexico and assayed at their facility in Vancouver, BC. Assaying protocols are as follows: A 15 gram split is analyzed for 36 elements using ICP-ES/MS method (AQ201). Sample results greater than 1000 ppm Cu, Pb, Zn, Mo, Ag over 10 ppm, and Sb, As, Hg over the detection limit are re-assayed, using hot multi-acid digestion using ICP-ES method (MA370). Samples that report Au >100 ppb in AQ201 are analyzed by fire assay, AA finish (FA430) using a 30 g sample. Over-limit Au from FA430 and/or Ag from 370 is automatically assayed (30 g) via fire assay fusion and gravimetric finish (FA530).
San Marco’s sample collection, integrity, and quality control and assurance procedures are in line with industry best practices and include the following. Field work is verified by a Qualified Person. Data is accurately recorded in the field and all data points are located with respect to known reference points. The exploration process (including planning, mapping, sampling, sample preparation, sample security and analysis or testing) is carefully documented and accompanied by a detailed record setting out the procedures followed and the results obtained.

All sampling programs are carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling, storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

Forward Looking Information

Information set forth in this document may include forward-looking statements, such as: the nature of additional work that may be undertaken on the Cuatro de Mayo project; the potential size of the mineralized targets identified to date; and the potential mineral deposit type of the Cuatro de Mayo targets currently identified. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Two New Exploration Targets Discovered at San Marco Resources’ Cuatro de Mayo Project

By | 2015

Two New Exploration Targets Discovered at San Marco Resources’ Cuatro de Mayo Project

Vancouver, B.C. – May 27, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) recently completed a second 2015 sampling and mapping campaign on its Cuatro de Mayo Project in Sonora, Mexico, which resulted in the identification of two new exploration targets: Corral and Amariska.

The Corral target is a strong low sulphidation vein system that was traced for over 1.3 km along strike and over a width of approximately 400 m and is open along strike in both directions. The system consists of individual veins, which can reach over 2 m in width, and corridors of intense parallel vein stockwork. The Corral target is hosted in an upper volcanic sequence and, like the Oregano target, displays typical low sulphidation vein system textures such as bladed (lattice), massive, and banded quartz (see San Marco news release of May 6, 2015).

The Amariska target is a manto type gold target, approximately 10-30 m thick, presently identified over a strike length of roughly 500 m. This target dips at approximately 45 degrees to the northeast and is capped by the rhyolite tuff of the upper volcanic sequence.

In addition to identifying the Corral and Amariska targets during this latest field campaign, the Company also undertook additional mapping and follow-up rock and soil sampling at the Oregano, Chunibas, Valle and Tabacote targets and conducted regional exploration to continue the search for additional targets. 122 rock, 396 soil and 34 silt samples were collected and assay results are pending.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active. San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Cuatro de Mayo District. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, CEO
Phone: 604-568-5951
Cell: 604-813-2606
rwillis@sanmarcocorp.com

Barbara Henderson, Investor Relations Officer and Corporate Secretary
Phone: 604-568-5951
Cell: 604-789-7689
bhenderson@sanmarcocorp.com

National Instrument 43-101 Disclosure
The technical information contained in this document has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Samples will be prepared for assay at Bureau Veritas Minerals (Acme/Inspectorate) Lab in Mexico and will be assayed at their facility in Vancouver, BC. Assaying protocols are as follows: A 15 gram split is analyzed for 36 elements using ICP-ES/MS method (AQ201). Sample results greater than 1000ppm Cu, Pb, Zn, Mo, Ag over 10ppm, and Sb, As, Hg over the detection limit are re-assayed, using hot multi-acid digestion using ICP-ES method (MA370). Samples that report Au >100ppb in AQ201 are analyzed by fire assay, AA finish (FA430) using a 30g sample. Overlimit Au from FA430 and/or Ag from 370 is automatically assayed (30g) via fire assay fusion and gravimetric finish (FA530). San Marco’s sample collection, integrity, and quality control and assurance procedures are in line with industry best practices and comply with National Instrument 43-101 requirements.

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the nature of additional work that may be undertaken on the Cuatro de Mayo project; the potential size of the mineralized targets identified to date; and the potential mineral deposit type of the Cuatro de Mayo targets currently identified. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Resources Expands Three and Identifies Two New Targets at Cuatro de Mayo

By | 2015

San Marco Resources Expands Three and Identifies Two New Targets at Cuatro de Mayo

Vancouver, B.C. – May 06, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces its recent field exploration program at the 100% owned Cuatro de Mayo Project in Sonora, Mexico resulted in the expansion of three previously-identified targets (Chunibas, Valle and Oregano) and the identification of two new targets (Tabacote and Chinos).

San Marco’s geologists spent approximately 3 weeks during March mapping, rock- and soil- sampling, and conducting reconnaissance exploration at a number of sites in the Cuatro de Mayo project (described below). Follow-up field work is currently underway.

Summary of the March 2015 Field Program:

Chunibas Target;
Chunibas is a vein target hosted in intrusive rocks that intrude tuff agglomerate. There are several sub-vertical main veins on the property and numerous high-grade iron-oxide shear zones that have been mined by local miners.

Limited historical RC drilling has been conducted at Chunibas, which indicated the presence of mineralization in the intrusive host rock. Modest open cut mining of the oxide zones of some of the veins occurred several years ago.

• Five gold-bearing veins (two of which are newly discovered) identified over a mineralized corridor that is approximately 800m long and 700m wide.
• Soil sampling completed south of the known vein traces indicates gold enrichment may extend further to the south.
• Veins are generally 1-2m wide, and rock chip and channel samples of the veins collected by the Company and previous property owners typically assay between 3 and 18 g/t gold. Highlights include:
o 16.7 g/t gold from the Santa Rosa vein
o 15.5 g/t gold from the Santa Fe vein
o 18.4 g/t gold from the Argentina vein
o 6.6 g/t gold from the newly discovered Gusima-1 vein, and
o 7.6 g/t gold from the newly discovered Western vein.
• Importantly, a continuous rock chip sample of the Santa Fe vein hanging wall rock returned 3.8 g/t gold over 10 meters.

Follow-up work will include additional rock sampling of the Gusima and Western veins, soil sampling south of the main target area to trace potential extensions of the vein system, and vein wall rock sampling where outcrop exists.

Oregano Target
Oregano is a low sulphidation high level vein target. There was no previous mining or drilling on this property.

• Three low sulphidation veins (two of which are newly discovered) were identified over an area approximately 3km long and 450m wide.
• Typical low sulphidation textures such as bladed quartz after calcite, crustiform, banded, quartz and cockscomb textures were observed.
• Elevated mercury and antimony indicate that the upper level of veins are exposed at surface.

Follow-up work will include mapping and additional sampling of the known veins, and soil sampling across extensions of the newly discovered two veins.

Valle Target;
Valle is a stack of shallow dipping sub-parallel shear zones and dikes hosted in tuff agglomerate. There was no previous mining or drilling on this property.

• New geochemical data led to reinterpretation of the previous geological model.
• New model suggests that the Valle Target consists of multiple sub-parallel mineralized shear zones that are currently traced for over 500m and that the mineralized zone is at least 300m wide.
• Mineralization appears to be fine gold hosted in 100% oxidized rocks.
• Mineralized zone dips at around 30 degrees and it is a drill-ready target.

Follow-up work will include soil sampling with a focus on extending the presently known zone along its strike and identifying additional sub-parallel mineralizes shears.

Tabacote Target
Tabacote is a high sulphidation (high level) system that has no history of previous mining or drilling.

• It is a newly discovered target approximately 500m x 500m (open in all directions) consisting of mineralization that is indicative of the upper levels of a high sulphidation epithermal system.
• Anomalous silver, lead, antimony and tellurium is hosted in highly siliceous, vuggy silica altered and oxidized dacite and dacitic tuff.
• Follow-up field work will include mapping, rock and soil sampling of the anomalous target area as well as collecting samples for petrography and PIMA alteration studies.

Chinos Target
Chinos is a high sulphidation system that has no history of previous mining or drilling.

• It is a newly discovered, potential high sulfidation epithermal target traced along strike for approximately 200m (open in all directions).
• Anomalous gold is hosted in vuggy silica dacite tuffs at the contact with overlying rhyolites.

Follow-up work will include additional sampling, mapping, and PIMA testing of the target area

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising properties in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State and the recently acquired El Chunibas area concession. The Company maintains a strategic project generation program focused on high-calibre, low-opportunity cost projects in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, CEO
Phone: 604-568-5951
Cell: 604-813-2606
rwillis@sanmarcocorp.com
Barbara Henderson, Investor Relations Officer and Corporate Secretary
Phone: 604-568-5951
Cell: 604-789-7689
bhenderson@sanmarcocorp.com

National Instrument 43-101 Disclosure
The technical information contained in this document has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

The samples discussed in this document were prepared for assay at ALS Chemex Lab in Mexico and assayed at their facility in Vancouver, BC. A 30 gram split is analyzed for gold, using the Au-AA23 method. Sample results greater than 10 ppm are re-assayed, using AA23 fire assay and gravimetric finish. For silver, copper, lead and zinc, a multi-element, four acid digestion (ME – ICP 61) method is used. For initial assays of silver > 100 ppm, copper, lead and zinc > 10,000 ppm (over limits), the OG62 method is used for re-analysis. San Marco’s sample collection, integrity, and quality control and assurance procedures are in line with industry best practices and comply with National Instrument 43-101 requirements.

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the nature of additional work that may be undertaken on the Cuatro de Mayo project; the potential size of the mineralized targets identified to date; and the potential mineral deposit type of the Cuatro de Mayo targets currently identified. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Commences 2015 Cuatro de Mayo Exploration Program, Amends Stock Option Plan and Grants Options

By | 2015

San Marco Commences 2015 Cuatro de Mayo Exploration Program, Amends Stock Option Plan and Grants Options

Vancouver, B.C. – March 20, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has commenced its 2015 exploration program on the Cuatro de Mayo project in Sonora State, Mexico. The Company’s geological team is currently on site, conducting a systematic data and field review of gold targets in the El Valle and El Chunibas areas (see www.sanmarcocorp.com for news releases related to these targets and maps of the Cuatro de Mayo property area). With minimal additional work, these two zones are expected to be ready for drill testing. Initial surface rock chip sampling, geological mapping and possibly hand trenching are also expected to be completed on two highly prospective areas of the recently acquired Mariana concession by the end of March. The Company continues to evaluate potential additions to its 93,000 hectare Cuatro de Mayo land position.

San Marco also announces that its board of directors has amended the Company’s incentive stock option plan (the “Plan”), revising it from a “20% fixed number” stock option plan to a “10% rolling” plan. Based on the current issued capital, the Company will have 2,549,971 common shares available for option under the Plan, which number includes currently outstanding options to purchase a total of 1,195,000 common shares.

Pursuant to the amended Plan, the Company has granted options to two officers and a consulting geological advisor to purchase 100,000 shares each at a deemed price of $0.10 per share.

The amended Plan, and by extension the option grant announced herein, are subject to shareholder and TSX Venture Exchange approvals. Shareholder approval will be sought at the Company’s annual general meeting scheduled for May 7, 2015.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising properties in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State and the recently acquired El Chunibas area concession. The Company maintains a strategic project generation program focused on high-calibre, low-opportunity cost projects in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, CEO
Phone: 604-568-5951
Cell: 604-813-2606
rwillis@sanmarcocorp.com

Barbara Henderson, Investor Relations Officer and Corporate Secretary
Phone: 604-568-5951
Cell: 604-789-7689
bhenderson@sanmarcocorp.com

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the number of incentive stock options available for the Company to issue; the implication that the Company may issue additional stock options in the future; and the requirement for TSX Venture exchange and shareholder approval of the amendments to the Plan. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Acquisition of Prospective Mariana Concessions Vastly Increases San Marco Resources’ Landholding in Northern Mexico

By | 2015

Acquisition of Prospective Mariana Concessions Vastly Increases
San Marco Resources’ Landholding in Northern Mexico

Vancouver, B.C. – February 25, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has signed an agreement with Argonaut Gold Inc. (“Argonaut”; TSX: AR) to acquire 100% ownership of the Mariana property, a 73,902 hectare land package in the vicinity of the Company’s Cuatro de Mayo project in eastern Sonora State, Mexico. As a result, San Marco now owns or has optioned full ownership of approximately 93,000 hectares of highly prospective ground in the Sierra Madre Occidental Gold Belt and is one of the largest exploration landholders in the area.

The Mariana property (now part of the Company’s Cuatro de Mayo Regional Project) extends roughly 60 km in a northwest direction, has a width of approximately 20 km, and surrounds the Company’s existing CdM East concession. Its southeastern boundary is within 20 km of the La India and Mulatos gold mines to the south and the Dolores silver/gold mine to the east. A map of the Cuatro de Mayo concessions including the Mariana property is available at http://www.sanmarcocorp.com/i/maps/Cuatro-de-Mayo-Concessions.jpg.

Robert Willis, President and CEO of San Marco, stated, “Our acquisition of the extensive and well-positioned Mariana concessions is another step in the fulfilment of our objective to build a significant land position in a proven mineral belt through the low-cost acquisition of exploration concessions with known mineral targets and considerable upside potential. Our exploration team will commence field work in early March in order to evaluate and prioritize existing and potential new targets. Concurrently, we continue to evaluate additional acquisitions in the vicinity of our Cuatro de Mayo properties.”

Previous work by Argonaut on the Mariana property includes GIS analysis (including Landsat 7 imagery), which resulted in the identification of 63 potential anomalies related to argillic and advanced argillic alteration, iron oxide zones and silicified zones. Nine of these anomalies are considered to be very high priority and seventeen are high priority for further investigation. Minimal follow-up fieldwork by Argonaut consisted of geological mapping and the analysis of 460 rock chip samples, which to date have identified three areas of interest containing gold and silver mineralization. Less than one quarter of the Mariana property area has been explored to date.

The payment terms of the Mariana agreement consist of a 1% royalty to Argonaut on future production from the property (one half of which can be purchased back by the Company for US $2.0 million), and a one-time bonus payment of US $6 per ounce of gold contained in the Proven and Probable categories as estimated in a bankable feasibility study, payable at the commencement of commercial production.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising properties in mining-friendly Mexico, including the 93,000 hectare Cuatro de Mayo Regional Project in Sonora State. The Company maintains a strategic project generation program focused on high-calibre, low-opportunity cost projects in northern Mexico. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, CEO
Phone: 604-568-5951
Cell: 604-813-2606
rwillis@sanmarcocorp.com

Barbara Henderson, Investor Relations Officer and Corporate Secretary
Phone: 604-568-5951
Cell: 604-789-7689
bhenderson@sanmarcocorp.com

National Instrument 43-101 Disclosure
The technical information contained in this document has been verified, and the disclosure of such technical information in this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the possibility the Company may acquire additional exploration projects; and, the Company’s intent to conduct exploration programs on its Cuatro de Mayo project. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

San Marco Resources Expands El Chunibas Area of the Cuatro de Mayo Property

By | 2015

San Marco Resources Expands El Chunibas Area of the Cuatro de Mayo Property

Vancouver, B.C. – February 10, 2015: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has acquired 100% ownership of a strategically-located 12 hectare claim in the El Chunibas area of the Cuatro de Mayo project, in exchange for a one-time payment of US$ 10,000. There is no retained interest or future royalty payable to the counterparty to the acquisition agreement, a private Mexican citizen. The newly acquired claim occurs within the boundaries of, and now forms part of, the Company’s recently acquired El Chunibas land package (see San Marco news release dated December 16, 2014), which itself is in the vicinity of the Company’s Cuatro de Mayo Central claim block in northeastern Sonora State, Mexico (http://www.sanmarcocorp.com/i/maps/Cuatro-de-Mayo-Concessions.jpg).

“While this claim is relatively small, it is strategically-located in the El Chunibas area and offers a low-cost opportunity to add additional mineralized ground to San Marco’s developing Cuatro de Mayo District exploration portfolio,” stated Robert Willis, President and CEO of the Company. “The exploration ground we now own or control in the Cuatro de Mayo District includes numerous known mineralized targets. The El Chunibas area claims have undergone previous drilling and as such, give us a substantial head start on developing a 3-dimensional exploration model for these targets. We look forward to advancing El Chunibas while we continue to evaluate additional strategic acquisition opportunities in the area.”

San Marco understands that several exploration initiatives took place in the El Chunibas area over the past several decades, including the drilling of a series of shallow Reverse Circulation holes in the mid-1980s. Significant oxide gold results from this pre-NI 43-101* drill program include:

• 1.09 g/t gold over 19.8 meters and 2.04 g/t gold over 22.9 meters (two intercepts from a single hole) ; and
• 4.6 g/t gold over 9.1 meters from a second hole;

and, as previously reported:

• 1.04 g/t gold over 42.6 metres including 1.25 g/t gold over 30.4 metres; and
• 1.0 g/t gold over 13.7 metres (which hole appears to have tested less than 50% of the shear width).

As previously reported, local small-scale mining activity has been ongoing in the vicinity since at least the 1980s. According to historic reports reviewed by the Company*, approximately 6,100 tonnes of mineralized material from three open pits in the El Chunibas area were processed at a local Sonora State government-operated mill between 1984 and 1987, which material averaged approximately 4.0 g/t gold and 20 g/t silver. A description of the geological setting of the area is provided in the Company’s news release of December 16, 2014.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising properties in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State and the recently acquired El Chunibas area concession. The Company maintains a strategic project generation program focused on high-calibre, low-opportunity cost projects in the Cuatro de Mayo District. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

Robert Willis, CEO
Phone: 604-568-5951
Cell: 604-813-2606
rwillis@sanmarcocorp.com
Barbara Henderson, Investor Relations Officer and Corporate Secretary
Phone: 604-568-5951
Cell: 604-789-7689
bhenderson@sanmarcocorp.com

National Instrument 43-101 Disclosure
Aside from the historic technical information addressed below, the technical information contained in this document has been verified, and the disclosure of such technical information in this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

* This document includes technical information that was generated prior to the introduction of NI 43-101 and included in internal reports of previous workers in the Santa Fe and El Chunibas area, including drill summaries and small scale mine production tonnages and grades. Details of the sampling methods, handling, and quality control methods used in the generation of this historic technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts and production values disclosed herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of NI 43-101. Therefore, this information should not be relied upon for investment purposes.

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the Company’s intent to acquire additional exploration projects; and, the Company’s intent to conduct exploration programs on the Cuatro de Mayo project. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.