Yearly Archives

2016

San Marco Secures Drill Permits for Chunibas

By | 2016

Vancouver, B.C. – December 13th, 2016: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces receipt of all necessary permits from the Mexican environmental and natural resources ministry, Secretaría del Medio Ambiente y Recursos Naturales (SEMARNAT) allowing the Company to carry out additional surface exploration activities, including trenching and drilling, on its Chunibas property. As announced November 1st, 2016, the Company also has agreements with local ejidos(communal agricultural land authorities) allowing surface access for an indefinite period.

The Chunibas property is an intrusive hosted, intermediate sulphidation gold system, together with anomalous concentrations of silver, copper, lead and zinc. Gold is hosted in shear zones of various orientations with mineralization open in all directions. Historic drill results demonstrate that significant gold values occur not only within discrete, metric scale structures but within broad haloes of lower grade material.

Chunibas surface exploration will continue until about December 15th, 2016 and then re-commence in mid-January 2017 after data review and budget approvals. An extensive soil sampling program covering the primary mineralized area (1.5 km X 1.0 km) has been conducted. A total of 850 samples were collected and submitted for analyses. San Marco expects that final assay results will be announced in early January 2017.

The primary purpose of this extensive sampling program is to confirm covered projections of known mineralized structures, as well as new targets buried under the thin veneer of colluvial sediments that cover approximately 80% of the property. Reconnaissance soil sampling completed during 2015 demonstrates this is a successful and cost-effective means to trace mineralization under cover.

During the current phase of work, mineralized structures have been identified over a broad area, which extends up to one kilometre west from the main historic mine workings. An additional 250 soil samples are being collected covering this expanded target footprint. Although surface outcrop is restricted, select sampling of informal mine workings and sub-cropping shear zones have yielded significant gold assays up to 46.1 g/t gold.

All rock chip and soil sample results will be integrated into a new geochemical map of the project area, which can then be utilized to generate new drill targets.

San Marco’s CEO, Bob Willis states “Chunibas continues to show us we have yet to find the limits of the mineralization in all directions. Based on our revised geological model and expanded deposit footprint, we are confident that the 2016 program will lead to further exploration and diamond drilling. “

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas and Mariana Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in the North-western Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors,
Robert Willis, P. Eng.
President & CEO

For further information, contact:
Nancy Curry
info@sanmarcocorp.com

National Instrument 43-101 Disclosure

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 news release includes technical information generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.

Forward Looking Information

Information set forth in this document may include forward-looking statements. 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 Announces Warrant Exercise and Exploration Update

By | 2016

Vancouver, B.C. – November 9th, 2016: San Marco Resources Inc. (SMN: TSX-V) (“the Company” or “San Marco”) announces that, during the period July 1, 2016 to October 31 2016, $642,250 was received by the Company from the exercise of 8,213,000 warrants.

San Marco’s CEO, Bob Willis stated; “As a result of our stated business plan to aggressively pursue the multitude of target areas generated by the Globetrotters/San Marco partnership, we asked our San Marco warrant holders if they would be willing to exercise their warrants much earlier than their expiry. Results so far are a testament to the quality and belief by our shareholders that significant value will result from this request, while striving to preserve our reasonable share structure.”

In addition to the continued exploration at the Company’s 100% controlled Chunibas property, (please see news release dated Nov. 1, 2016), field exploration efforts continue to confirm significant targets being identified from field examination of the Globetrotters/SMN database.

Initial field evaluation of Target # 1068, acquired through the recent Libertad, indicates the presence of a porphyry copper system hosted by Laramide plutonic and volcanic rocks. Typical porphyry copper zoned alteration (propylitic, phyllic and potassic alteration) of a quartz diorite porphyry, hosts evidence of copper (chalcopyrite, chalcocite) and molybdenite mineralization. Detailed mapping, rock chip and stream sediment sampling are scheduled to commence next week.

As well, Company geologists will return to an apparent epithermal high sulphidation gold/silver target, where volcanic and volcanoclastic rocks exhibit advanced argillic alteration. Dacite breccias and pyroclastics show quartz/alunite alteration and vuggy silica areas where sampling will commence shortly.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas and Mariana Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in the North-western Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value. San Marco currently has 46,281,082 issued and outstanding shares.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & CEO

For further information, contact:
Nancy Curry

info@sanmarcocorp.com

National Instrument 43-101 Disclosure

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 news release includes technical information that was generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.

Forward Looking Information

Information set forth in this document may include forward-looking statements. 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 Secures Surface Access at Chunibas, Continues Exploration Activities in Preparation for Drilling

By | 2016

Vancouver, B.C. – November 1st, 2016: San Marco Resources Inc. (SMN: TSX-V) (“the Company” or “San Marco”) announces that surface right access agreements have been reached with the local ejidos (community landowners) at the Company’s 100% controlled Chunibas project, Sonora, Mexico. The agreements are an essential step, allowing San Marco to advance the permitting process for planned mechanical trenching and drilling at Chunibas. The agreements are for an indefinite period, and are subject to reasonable annual payments.

Chunibas mineralization consists of variably oxidized, shear / vein gold occurrences, hosted in an intermediate intrusive of Cretaceous age. The area contains numerous prior workings, which testify to the presence of locally high-grade free gold in the near surface. Past workers completed several widely spaced reconnaissance RC drill holes at varying orientations in 1997. Results of that drilling included the following near surface intercepts*;

  • 1.04 g/t gold over 42.6 metres, including 1.25 g/t gold over 30.4 metres.
  • 2.04 g/t gold over 22.9 metres, including 4.4 g/t gold over 9.1 metres
  • 2.80 g/t gold over 15.2 metres, including 6.20 g/t gold over 6.1 metres.

Driving structures are thought to be oriented north – south; east-west bridging shears and stockworks occur between the main faults. The stockworks developed at the intersections of these two structural orientations are key to localization of higher grade gold. This is a well-organized, structurally controlled gold system which appears open in all directions, and which has been tested to only 60 metres below surface. Click here to view map.

Mineralized shear/veins are generally 1 – 2 metres in width, but are surrounded by haloes of lower grade stockworks, breccias and fractures that constitute broader targets. This disseminated style of mineralization occurs in intrusive host rock without visible vein or shear development.

Recent field studies have led the Company to reclassify the exploration model for Chunibas as intermediate sulfidation or intrusion-related rather than low sulfidation epithermal as past workers assumed. The company believes there is real potential for both bulk tonnage, near surface deposits as well as high grade, underground mineable resources.

San Marco field crews are currently completing detailed geological mapping and sampling within the 800 X 800 meter area of known mineralization. Preliminary work has already identified additional mineralized structures to the west, where follow up detail sampling is ongoing (please see the Company’s news release dated December 14th, 2014 for more details regarding Chunibas). Many of these newly discovered structures trend under alluvial cover. Crews will shortly begin a 1.25 by 1.25 kilometre soil geochemical survey to aid in tracing new and existing zones under cover. In addition, San Marco is working to acquire all historic geological and geophysical data to better plan for future exploration. Permit applications for trenching and drilling have been submitted to SEMARNAT and are expected to be approved before year-end.

San Marco’s CEO, Bob Willis stated; “we’re excited to be back at work at Chunibas, completing the multi-faceted exploration program the project deserves. Initial work has shown that mineralization is much more extensive than records indicated, and that there is potential for bulk tonnage zones in addition to narrow, high-grade targets. The current program will position us to carry out an efficient and cost effective program of trenching and drilling on this 100% owned project.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas & Mariana Projects in Sonora State.

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

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & CEO

For further information, contact:
Nancy Curry

info@sanmarcocorp.com

National Instrument 43-101 Disclosure

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 news release includes technical information that was generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.

Forward Looking Information

Information set forth in this document may include forward-looking statements. 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 in Partnership with GlobeTrotters Acquires 3 Prospective Properties in Sonora Mexico

By | 2016

Vancouver, B.C. – September 13th, 2016: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces the staking of the first three new concessions in Sonora State, Mexico, to protect target areas generated as part of the GlobeTrotters Resource Group Inc. (“GlobeTrotters”) / San Marco partnership (the “GSM Partnership”, see the San Marco News Release of May 5th 2016 for further details).

Three separate mineral concessions totalling 25,967 hectares have been staked to protect new target areas with favourable characteristics based on remote sensing, known favourable geology and regional structural framework permissiveness for economic mineralization as defined by GSM Partnership parameters. All three concessions are presently undergoing initial field evaluations by San Marco geologists. It is worth noting that several smaller internal concessions within the staked areas could result in the reported concession size being slightly reduced. Details on each concession area are as follows:

La Caridad Este (9040 hectares appl.) covers a large hydrothermal alteration zone occurring along a major east-west trending structural lineament which also appears to intersect the 1.5 billion tonne La Caridad open-pit porphyry Cu-Mo deposit operated by Groupo Mexico located 27 kilometres to the west. A first pass assessment of the property has outlined a large hydrothermal alteration zone associated with a highly altered porphyritic andesite. Initial field investigations indicate the presence of an argillic altered and oxidized lithocap with indications of Cu-oxide mineralization. Lithocaps commonly overlie fully preserved porphyry systems so these preliminary results are encouraging, but more work is required to evaluate the full potential of this large property. The next stage of field work will include geological mapping, stream sediment and rock chip sampling, as well as PIMA spectral analysis of alteration minerals.

Aqua Zarca (4309 hectares appl.) located in northern Sonora, and is underlain by Cretaceous clastic and volcanic rocks. Regional field studies by the SGM (Servicio Geologico Mexicano) have shown highly anomalous gold values from stream sediment sampling in watercourses draining the property area. Reconnaissance field work has outlined an Fe-oxide filled crackle breccia within locally silicified, argillic altered sandstones. Preliminary results look encouraging but more work is required to evaluate the potential of this property to host a mineralized epithermal Au-Ag system.

La Pitahaya (12,618 hectares appl.) located in northeastern Sonora, was staked to cover a large GSM Partnership derived hydrothermal alteration target associated with Cretaceous volcanic rocks overlying Proterozoic gneisses and Cretaceous limestone, all cut by younger suite of intrusive rocks. The presence of hydrothermally altered volcanic rocks in close proximity to a major fault-controlled uplifted block of basement gneisses in a continental arc geological setting is considered an excellent geological environment for the emplacement of porphyry and related epithermal systems.

The Company has also staked four new concessions that were made available under the Mexican government’s “Libertad” system. The Libertad system is a lottery that allows competing parties to make multiple applications, each with a separate fee, for a given concession area. Government authorities then perform a draw to randomly choose the winning application for a given area. San Marco will disclose the details of any concessions it gains through this process once it has been notified of the results of the lotteries. In parallel to field evaluation of newly staked concessions and Libertad opportunities, discussions are ongoing with concession owners where high priority targets are currently situated on previously staked ground.

San Marco’s CEO, Bob Willis stated; “We’re extremely pleased with the early results of the GSM Partnership’s targeting efforts. As we hoped, application of these techniques generated numerous new targets throughout the states of Sonora, allowing us to quickly focus on the highest potential areas. Interestingly, some of these areas appear to be lightly explored or even unexplored, though some lie in close proximity to well-known major deposits. Early results have increased our confidence that this method will allow us to rapidly prioritize new projects with cost effective reconnaissance techniques.

“This process should result in the application for a large number of concessions in coming months. Most of these won’t meet our strict guidelines for advancement after cursory field examinations. This is an expected outcome. San Marco fully expects the process will result in a large but manageable set of concessions with high potential targets available for advancement by San Marco or partner companies. Management views this as an excellent way to maximize shareholder value and is pleased with the rapid progress to date. We will update shareholders regularly as new target areas are added and results of initial fieldwork are obtained. Work on existing projects outside the GSM Partnership also continues and will be reported on in the near future”.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas & Mariana Projects in Sonora State.

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

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & CEO

For further information, contact:
Nancy Curry

info@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.

Forward Looking Information

Information set forth in this document may include forward-looking statements. 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 Appoints Richard Osmond, P.Geo. as Inaugural Member to the Company’s Advisory Board

By | 2016

Vancouver, B.C. – September 7th, 2016: San Marco Resources Inc. (SMN: TSX-V) (“San Marco”) announces the appointment of Richard Osmond, P.Geo, to the Company’s Advisory Board.

Richard has over 25 years of experience in the mining sector including experience with INCO (VBNC), Falconbridge and Anglo American. Richard was involved in exploration discoveries at Vale’s Voisey’s Bay deposit (with Archean Resources and VBNC) and Glencore’s Raglan mine (with Falconbridge). Richard was later hired as a senior technical leader with Anglo American responsible for North America and Europe focused on Ni exploration in northern Canada, Alaska and Scandinavia as well as IOCG and porphyry Cu-Mo exploration in Mexico and Alaska. While working at Falconbridge and Anglo American, Richard was instrumental in the development and advancement of the SQUID technologies for Ni exploration, which led to several new discoveries including the Raglan 7 and 8 deposits and the discovery of Anglo’s new Sakatti Ni-Cu-PGE deposit in Northern Finland. In 2007, Richard resigned from Anglo American to work in the junior mining sector and founded GlobeTrotters Resource Group in 2009. GlobeTrotters is a private prospect generator focused on base and precious metal exploration in South America. GlobeTrotters use of proprietary in-house remote sensing data as well as their risk management approach to exploration has already lead to the grass roots discovery of the new Elida porphyry Cu-Mo-Ag deposit in central Peru.

San Marco CEO, Bob Willis stated; “Richard’s successful track record of identifying high caliber multi commodity opportunities will be instrumental in the design and implementation of San Marco’s project generation program focused in Mexico.”

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of promising projects in mining-friendly Mexico, including the Chunibas & Mariana Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in the Northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

On behalf of the Board of Directors,

Robert Willis, P. Eng.
President & CEO

For further information, contact:

Nancy Curry
info@sanmarcocorp.com

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 Grants Incentive Stock Options

By | 2016

Vancouver, B.C. – June 7, 2016: San Marco Resources Inc. (SMN: TSX-V) announces that it has granted options to directors, officers and consultants to purchase a total of 1,800,000 shares at a price of $0.10 per share for five years. The options vest, as to 25% each, on granting and on the next three, six and nine months.

About San Marco
San Marco Resources Inc. (www.sanmarcocorp.com) 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, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, 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

Cell: 604-813-2606
rwillis@sanmarcocorp.com

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 and GlobeTrotters sign Alliance Agreement to Generate and Acquire Mineral Targets in Northern Mexico

By | 2016

Vancouver, B.C. – May 5, 2016: San Marco Resources Inc. (SMN: TSX-V) (“San Marco”) and GlobeTrotters Resource Group Inc. (“GlobeTrotters”) have signed a formal Alliance Agreement respecting their initiative to generate and acquire new high potential mineral targets primarily in the state of Sonora, Mexico announced on March 7, 2016.

Pursuant to the Agreement, GlobeTrotters has acquired imagery and data files for the state of Sonora and carried out analysis, filtering and initial target selection and San Marco has been granted an exclusive three year licence to use the data so generated. San Marco’s personnel will carry out ground-proofing and, where warranted, stake or otherwise acquire tenure to protect the highest priority areas with follow up input and further target focusing by GlobeTrotters.

San Marco CEO, Bob Willis stated; “The first stage of target definition is now complete. The incorporation of additional geological information and target prioritization is expected to be completed within two to three weeks. The mere number and quality of targets generated at this point is mind boggling. We have a lot of work to do, such that over the next couple of weeks, the SMN field team is making field access, logistics and personnel preparations so we can ‘hit the ground running’.”

GlobeTrotters President, Richard Osmond stated “We are excited to partner with San Marco in a world class mining district through this exploration alliance. Bob and his team have a proven track record of exploration success and provide the level of expertise necessary to make a significant new discovery with their ‘boots on the ground’ technical approach to exploration.”

San Marco will hold all properties and interests in properties acquired as part of the collaborative effort and will grant GlobeTrotters a 2% net smelter returns royalty on all properties in which it acquires a 100% interest. For properties in which San Marco acquires less than a 100% interest, it will pay GlobeTrotters 20% of all future consideration received in respect of the property, reducing to 10% after the commencement of commercial production. In consideration of GlobeTrotters services, San Marco has agreed to issue, following receipt of TSX Venture Exchange approval, 1,000,000 common shares to GlobeTrotters.

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 Northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

About GlobeTrotters

GlobeTrotters Resource Group Inc. is a privately held company incorporated in 2009. The company is focused on acquiring low-cost, low-risk base and precious metal opportunities in emerging world class mineral belts throughout the Americas with a primary focus in key mineral belts in Peru.

For further information, contact:

Robert Willis, P. Eng.; CEO, San Marco
Cell: 604-813-2606
rwillis@sanmarcocorp.com

Richard Osmond, P. Geo.; CEO, GlobeTrotters
Phone: 604-466-0425
Cell: 604-813-2606
rosmond@globetrottersresources.ca

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.

Forward Looking Information

Information set forth in this document may include forward-looking statements. 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 Closes Oversubscribed $439,550 Unit Private Placement

By | 2016

Vancouver, B.C. – April 25, 2016: San Marco Resources Inc. (SMN: TSX-V) has closed its private placement announced March 15, 2016. Originally proposed to raise $150,000, the placement was significantly over-subscribed and raised gross proceeds of $439,550 by the issuance of 8,791,000 (formerly 3,000,000) units at $0.05 per unit. Finders’ fees of 7% were paid by the issuance of 391,370 shares to qualified finders in respect of a portion of the units sold.

Each unit consisted of one common share and one non-transferable warrant, each warrant exercisable to purchase a further share for a period of three years at $0.05 per share in the first year, $0.10 per share in the second year and $0.15 per share in the third year. After the four month restricted resale period expires on August 22, 2016, the expiry of the warrants may be accelerated if the closing price of San Marco’s shares equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year and San Marco gives notice to the warrant holders advising, and issues a news release announcing, within two trading days after such 15 day period, that the warrants will expire in 20 trading days.

Robert Willis, CEO commented; “We are extremely grateful to receive the financial support to not only initiate the San Marco / GlobeTrotters partnership field work, but also to continue reviewing and evaluating additional opportunities. We look forward to providing our shareholders with a continual flow of news regarding results of field work which has been initiated. “

The proceeds from the placement will be used for acquisition and exploration of mineral targets in the state of Sonora, Mexico under San Marco’s recently announced alliance with GlobeTrotters Resource Group Inc. and for general working capital.

About San Marco

San Marco Resources Inc. (www.sanmarcocorp.com) 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, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, 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, B.Sc. ,P. Eng; CEO
rwillis@sanmarcocorp.com
Cell: 604-813-2606

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 Increases Unit Private Placement to $300,000

By | 2016

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES OF AMERICA

Vancouver, B.C. – April 8, 2016: San Marco Resources Inc. (SMN: TSX-V) announces that its private placement announced March 15, 2016 is over-subscribed and it has increased the placement to up to 6,000,000 (formerly 3,000,000) units at $0.05 per unit for gross proceeds of up to $300,000 (formerly $150,000). San Marco may, if warranted, further increase the size of the placement by up to a further 10%.

Each unit will consist of one common share and one non-transferable warrant, each warrant exercisable to purchase a further share for a period of three years at $0.05 per share in the first year, $0.10 per share in the second year and $0.15 per share in the third year. After the four month restricted resale period expires, the expiry of the warrants may be accelerated if the closing price of San Marco’s shares equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year and San Marco gives notice to the warrant holders advising, and issues a news release announcing, within two trading days after such 15 day period, that the warrants will expire in 20 trading days.

Finders’ fees of 7% will be paid in shares to qualified finders. The placement remains subject to TSX Venture Exchange approval.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company (www.sanmarcocorp.com) 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, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, Mexico. 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
rwillis@sanmarcocorp.com
Phone: 604-568-5951
Cell: 604-813-2606

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

San Marco to Carry Out a $150,000 Unit Private Placement

By | 2016

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES OF AMERICA

Vancouver, B.C. – March 15, 2015: San Marco Resources Inc. (SMN: TSX-V) announces it proposes to carry out, subject to TSX Venture Exchange approval, a private placement of up to 3,000,000 units at $0.05 per unit for gross proceeds of up to $150,000.

Each unit will consist of one common share and one non-transferable warrant, each warrant exercisable to purchase a further share for a period of three years at $0.05 per share in the first year, $0.10 per share in the second year and $0.15 per share in the third year. After the four month restricted resale period expires, the expiry of the warrants may be accelerated if the closing price of San Marco’s shares equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year and San Marco gives notice to the warrant holders advising, and issues a news release announcing, within two trading days after such 15 day period, that the warrants will expire in 20 trading days.

Finders’ fees may be paid in cash or shares to qualified finders.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company (www.sanmarcocorp.com) 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, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, Mexico. 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

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.