Yearly Archives

2018

San Marco Confirms Exploration Model for New Copper/Silver Discovery at Chunibas and Updates Exploration Plans in Preparation for Drilling

By | 2018
Vancouver, B.C. – March 26th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) reports results of ongoing exploration at its wholly-owned Chunibas Project in eastern Sonora State, Mexico and the development of a model for copper-silver genesis on the Project that will guide exploration plans in preparation for a drill program on the high-grade copper-silver mineralization discovery.

As announced on January 10, 2018, Chunibas hosts a stratiform, volcanic hosted copper/silver zone. The stratiform, volcanic hosted style of mineralization seen at Chunibas shares remarkable similarities to productive copper-silver deposits in Chile but has no comparison in Mexico. An independent geological expert in this style of mineralization recently confirmed to San Marco that the mineralization is identical to that of the copper-silver systems in northern Chile. This suggests that the processes responsible for development of the Chilean ore deposits (such as the ones from Mantos Blancos district) may have also occurred at Chunibas.

Observed similarities between the Chunibas copper/silver mineralization and known and comparable Chilean systems include:

  • Mineralized top and bottoms of intermediate volcanic rock units. Mineralized volcanics at Chunibas display brecciation and vesicles similar to Chilean deposits.
  • High grade and stratiform-like mineralization with variable dimensions along strike and down-dip.
  • Non-supergene specularite-bornite-chalcocite-(digenite) and covellite assemblage and paragenesis.
  • Early stage alteration assemblage is comprised by epidote-chlorite-quartz-specularite.

Robert Willis, San Marco’s CEO commented, “Our understanding of this new discovery has rapidly advanced in the last three months. We now have a type deposit to use as an exploration guide and we’ve enlarged the field crew to accelerate advancement of the discovery. It’s encouraging to know there are successful mines based on the same deposit type elsewhere in the world. Like Chunibas, Chilean deposits have mineralized zones that can be visually subtle and contain few accessory minerals that respond to indirect survey methods. We need to map and sample outcrop exposures in detail to maximize the effectiveness of a maiden drill campaign. We’re working hard to get that done as quickly and completely as possible.”

At Chunibas mineralized outcrops are difficult to sample due to their craggy and erratic nature. Where continuous chip channel sampling over stratiform units could be completed, examples assays results from the discovery zone are;

  • 10.5 metres of 1.13% copper and 16.91 g/t silver
  • 7 metres of 2.19% copper and 27.3 g/t silver.

Ongoing exploration in preparation for drilling includes;

  • Continued detailed geological mapping over the entire 1.7 km of known strike length. Mineralized volcanic units tend to have slightly varied composition and fabrics compared to less mineralized units, therefore, detailed mapping of individual units is important. In addition, mapping efforts are focused on the identification and distribution of different copper sulphides since these (similar types of Chilean systems) show specific zoning of different forms of copper mineralization.
  • Hand trenching outward from known mineralized outcrops with the intention of defining the continuity between and within the multiple mineralized units and between current surface exposures.
  • An XRF (X-ray fluorescence) rock (outcrop) analysis program for copper/silver over every outcrop within the known extensions of the mineralized corridor. Handheld XRF units provide immediate geochemical analysis (similar but more qualitative than a laboratory assay) of rock exposures. This technique is widely used by exploration companies for fast analysis of metals and pathfinder elements.

For related images, please visit the Chunibas Project on the Company’s website.

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 and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in 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

Paul MacDonald
pMacDonald@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. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. 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. 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. 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 Completion of I.P. Survey at 1068 Project, Textbook porphyry geophysical target identified

By | 2018
Vancouver, B.C. – February 27th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the completion of the previously announced Induced Polarization survey at the Company’s 100% owned 1068 porphyry copper, gold, molybdenum project in Sonora State, Mexico.

A pole-dipole IP survey was completed over a 2 kilometre by 2.8 kilometre grid with northeast trending lines spaced every 400 metres. The survey succeeded, detecting a large chargeability anomaly measuring 1.2 kilometres by 1.3 kilometres. The anomaly displays high chargeability readings, peaking at greater than 40 mv/V. The surface projection of the anomaly coincides with the area already mapped as prospective Laramide aged volcanic units that have been subjected to pervasive quartz-sericite-clay-pyrite ± iron oxides (phyllic) alteration, characteristic of the outer shell of a mineralized porphyry system. This mapped leached cap obscures almost all of the underlying geology, except in a small erosional window where San Marco personnel were able to map an area of potassically altered rocks. Mineralization which includes early stage veining contains copper, molybdenum and gold. Potassic alteration is a common feature of the ore-bearing zones of economically mineralized porphyry systems.

The geophysical modelling shows a large area of high chargeability starting just below the current surface with the highest values starting 200 metres below surface and extending down to 400 metres (the limit of the survey). The highest chargeability readings surround a core area with slightly lower readings. San Marco’s geophysical consultants consider the 1068 target highly prospective and have recommended a four-hole drill program as an initial test.

Robert Willis, San Marco’s CEO stated; “The IP survey has generated a classic “textbook” porphyry-style geophysical target. These geophysical results add additional support to our theory of significant vertical extent below the large surface footprint. Drill hole collars are expected to be located at or near copper/gold/moly mineralization, which has been locally, identified right at surface. Each new layer of data that has been generated at 1068 has simply strengthened the target potential.”

An initial 4 drill holes have been recommended to target across the gradient of higher chargeability associated with phyllically altered pyritic shell into the lower signature associated with the potasically altered and mineralized rocks.

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 and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in 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:
Paul MacDonald – Investor Relations

pmacdonald@sanmarcocorp.com

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. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. 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. 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. 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 Inc. appoints Investor Relations Consultant

By | 2018
Vancouver, BC – February 14, 2018: San Marco Resources Inc. (SMN: TSX-V; “San Marco” or “the Company”) announces the engagement of Paul MacDonald to serve as Investor Relations Consultant to the Company on a non-exclusive basis for a period of one year commencing February 14, 2018.

Mr. MacDonald will advise the Company on investor communications and market awareness efforts, assist management in developing a strategy to enhance and expand the Company’s exposure in North America and Europe, and support corporate development initiatives.

Robert Willis, San Marco’s CEO, stated: “I welcome Paul to our team. His background, particularly in developing investor communication strategies will be a beneficial addition to San Marco as we move forward”.

In exchange for his services, the Company has agreed, subject to TSX Venture Exchange approval, to pay Mr. MacDonald a monthly fee of C$ 5,000 plus HST ($60,000 in total) from its working capital and granted him a stock option to purchase 300,000 common shares at an exercise price of $0.215 per common share for a period of three years, subject to vesting and termination provisions pursuant to the Company’s Stock Option Plan and TSX Venture Exchange policies. Mr. MacDonald’s engagement may be terminated at any time on 30-day notice. San Marco has been advised by Mr. MacDonald that he does not currently have any direct or indirect interest in the Company.

Prior to his engagement, Mr. MacDonald held the position of President of JM Corp, an investor relations boutique, served in senior sales roles with a leading online investor relations firm and has been employed in corporate sales with a mining industry contract driller. From 2000-2008, Mr. MacDonald held various institutional equity sales positions with three leading small cap focused, IIROC registered, investment banks, during which time he assisted TSX and TSX Venture listed companies in raising over C$ 200 million, building relationships with issuers and key shareholders. In addition Mr. MacDonald has five years of experience in international equities and foreign exchange where he served as head of sales and marketing for Thornton Asset Management, a mutual fund firm in Hong Kong, and Vice President sales with Tullet and Tokyo Forex, a foreign exchange broker also in Hong Kong, where he specialized in interest rate swaps and forward rate agreements.

Mr. MacDonald holds a BBA from the University of Prince Edward Island. and resides in Toronto, Ontario.

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 and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern 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 66,286,082 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

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 Executive Appointment and Warrant Exercise

By | 2018
Vancouver, B.C. – January 31st, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the appointment of Christian T. Grijalva as Vice President of San Marco and San Marco Resources, Mexico SA de CV. Previously, Christian was Manager of Projects for the Company, overseeing all Mexico operations.

Robert Willis, San Marco’s CEO stated; “A significant part of building a strong exploration team is recognition of leadership skills. Chris has not only assembled an experienced, quality geological team, but he has been instrumental in successfully advancing our 1068 Project to drill readiness, and responsible for our recent copper/silver discovery at our Chunibas Project. “

During the period January 9th – 26th, 2018, a total of 1,390,250 warrants were exercised at $ 0.15 each for proceeds of $ 208,537.50. Any unexercised warrants associated to the financing completed January 29th, 2015 expired on January 28, 2018.

Ongoing exploration includes;

  • Review of the results of the recently completed I.P. survey at the Company’s 100% owned 1068 porphyry copper/gold/moly project. This undrilled property is expected to have drilling arranged in Q1.
  • Continued exploration at the Company’s 100% owned Chunibas property. Focus will initially be on the recent copper/silver discovery, a surface footprint which continues to expand. Results of preliminary metallurgical analysis will be released shortly.
  • Release of assay results of recently completed continuous chip/channel sampling at the new Chunibas copper/silver discovery, expected in a few weeks.
  • Detailed rock chip sampling to be initiated on two targets identified from the Company’s Globetrotters partnership. Rock chip samples are intended for both geochemical and SWIR spectroscopy studies.
  • New property acquisition opportunities being evaluated.

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 and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in 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

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. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. 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. 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. 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 Continues to Discover High Grade Mineralization at Chunibas; Samples 6.41 % Copper and 27.3 g/t Silver

By | 2018
Vancouver, B.C. – January 16th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces further assay results from continuing fieldwork at Chunibas. As disclosed in the Company’s news release dated January 10th, 2018, newly discovered copper and silver mineralization at the Company’s 100% owned Chunibas property has been located over an area of approximately 1.2 kilometres of strike and at least 100 metres of width. That zone has now been extended to 1.7 kilometres of strike and up to 150 metres of width, and open in all directions.

Recent surface work included 38 rock chip samples, of which 26% assayed greater than 1% copper and 50% greater than 0.2 % copper. Highlights of the recent 38 assay results are:

Sample number Cu (%) Ag (g/t)
366587 0.75 4.8
366588 1.28 13.7
366589 2.62 26.3
366590 1.29 5.83
366591 1.82 29.8
366592 1.52 10.9
366596 3.95 32.8
366597 6.41 27.3
366601 2.13 7.2
366606 1.59 10.8
366608 0.58 3.6
366610 1.06 5.1
366612 0.87 1.9

An initial petrographic study has identified bornite, chalcocite, covellite and idaite as the primary copper minerals which appear associated with hydrothermal alteration. Microscopic textural features indicate that chalcocite, covellite and idaite are replacing bornite. The nature of the replacement could be a late hydrothermal event or supergene. The dominant alteration assemblage is represented by Iron – epidote -> chlorite > quartz > calcite.

The andesitic host rocks of presumed Larimide age have undergone hydrothermal alteration, represented by patches, cavity filling and microbrecciation.

Additional and pending exploration on the Chunibas property includes:

• Continuous rock chip channel sampling over outcrops is underway.
• Follow-up more detailed petrographic studies to be initiated.
• A trenching program between individual outcrops is being evaluated. Success of this program will depend on the depth of cover between outcrops.
• Induced Polarization (I.P.), as well as ground magnetic surveys are being considered to help define the boundaries of the system.

For related images, please visit the Chunibas Project on the Company’s website.

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 and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern 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 64,716,276 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. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. 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. 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. 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 Discovers High Grade Copper – Silver At Chunibas; Samples up to 5.9% Copper and 66 g/t Silver.

By | 2018
Vancouver, B.C. – January 10th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the first assay results from the newly discovered copper and silver mineralization at the Company’s 100% owned Chunibas property, located approximately 160 kilometres east of Hermosillo, Sonora State, Mexico.

As discussed in the Company’s news release dated November 29th, 2017, and as a follow-up to the Company’s grid soil sampling program, a strong copper/silver soil anomaly was defined in the northwest sector of the Chunibas project, an area that has seen little exploration by San Marco or past workers. Copper oxides have now been recognized and sampled from random outcrop exposures scattered over at least 1.2 kilometre of strike, and at least 100 metres of width. Additional sampling is ongoing in an effort to determine the full extent of mineralization, which remains open in all directions. Copper oxides (malachite and minor azurite) appear as the result of oxidation of chalcocite and bornite. Highlights of the initial 16 samples within the known zone of mineralization are;

Sample number Cu (%) Ag (g/t)
366502 0.16 1.2
366503 5.90 50.7
366507 0.87 5.9
366508 0.76 8.4
366510 1.38 19.4
366511 0.97 4.0
366513 1.84 17.2
366516 0.41 3.6
366557 3.72 65.6
366572 0.25 3.6

San Marco’s CEO, Bob Willis stated: “This most recent discovery is further evidence of the regional implications of this very large mineralized system. Our recent drilling at the Santa Fe target at Chunibas discovered wide intervals of gold mineralization in hydrothermal breccias. Our newest discovery is primarily copper and silver mineralization in a different geological environment, over an area, which is open in all directions. While sampling is, by necessity, confined to outcrop exposures it is important to note that mineralization has been discovered in most exposures within a large and growing area. Every effort was made to generate representative rock chip samples of entire individual outcrop exposures. There is no evidence that this zone was previously explored or sampled. Management considers this new discovery highly significant and is following up on it aggressively.”

Outcrop exposure in the area containing this new mineralization is generally poor. Sample points are dictated by irregularly spaced outcrops, represented by knobs, weather resistant ridges and small sub-crops, located within colluvium and soil covered foothills. At this point it does not appear that the mineralized outcrops are structurally related or created by preferential weathering, as copper mineralization has been found in several alteration regimes and rock types within this broad zone.

Host rocks are presumed to be Laramide age intermediate volcanics, which have variable textures, andesite breccias; porphyritic andesite and vesicular -amygdaloidal andesites. Copper and silver mineralization is mainly hosted in the andesite breccia which are moderately to strongly altered by an assemblage of epidote>chlorite>quartz>calcite>specularite. Mineralization occurs mainly as disseminations, patches, cavity fillings, minor veinlets and hydrothermal breccias.

Additional and pending exploration;

  • Next batch of assay results of additional outcrop chip samples expected in approximately one week.
  • Results of a Petrographic study to identify specific copper minerals expected in one week.
  • Property exploration has resumed after the Christmas break. In addition to continued reconnaissance chip sampling, detailed channel sampling of known copper mineralized outcrops to be initiated.
  • Induced Polarization (I.P.) as well as ground magnetic surveys are being considered to help define the boundaries of the system, as is trenching.

For related images, please visit the Chunibas Project on the Company’s website.

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 and 1068 Projects in Sonora State.

San Marco actively pursues strategic project generation program focused on high-caliber, low acquisition cost opportunities in northwestern 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 64,716,276 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. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the assay reports provided to San Marco by its independent testing laboratory.

The Company has implemented quality assurance (“QA”) and quality control (“QC”) programs to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. 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. 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. 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.