Category

2013

San Marco Grants Stock Options

By | 2013

Vancouver, B.C. – December 10, 2013: San Marco Resources Inc. (“San Marco” or “the Company”; SMN: TSX-V) announces that, in accordance with its Stock Option Plan, it granted, on December 9, 2013, stock options to purchase 2,100,000 common shares of the Company to its directors and officers. The options are exercisable for a period of 5 years at a price of $0.10 per share.

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company aggressively pursuing three promising projects in mining-friendly Mexico. San Marco is currently focused on its Angeles, La Buena and Los Carlos properties, all of which have either been drilled in 2013, or are being explored in preparation for drilling in the near future. 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 D. Willis
CEO

604-568-5951
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 Resources Announces Board And Management Appointments And The Continuation Of Drilling At La Buena Property

By | 2013

Vancouver, B.C. – December 4th 2013: San Marco Resources Inc. (SMN: TSX.V) (“San Marco” or the “Company”) is pleased to announce that additional drilling is planned at La Buena and likely to continue prior to the Christmas break with results expected in Q1 2014. San Marco is also pleased to announce the appointments of Mr. Andrew B. Carstensen as a Director and Sophie Taylor as Manager, Corporate Communications.

Andrew Carstensen is a professional geologist who has over 30 years experience in mineral exploration within both major mining and junior exploration sectors. He is currently the Vice President, Exploration for Lumina Copper and is responsible for the exploration of copper, gold and molybdenum resources at their Taca Taca project in northern Argentina. Exploration at Taca Taca led to significant expansion of resources, and the project now ranks one of the largest undeveloped copper projects in the world. Mr. Carstensen is also Vice President Exploration with Anfield Nickel Corp and responsible for delineating resources at one of the largest undeveloped nickel laterite deposits in the world, the Mayaniquel Project in Guatemala.

Prior to these current positions, Mr. Carstensen has a long history with the founding members of San Marco Resources with senior management roles at Geologix Exploration and Manhattan Minerals. His responsibilities included the oversight of all exploration work with the company’s project portfolio, namely precious-metal and VMS deposits in the Americas; Mexico, Peru and Nevada – as well as generative work to identify and acquire additional assets.

Earlier in his career, Mr. Carstensen held geological positions with Western Gold Exploration, Noranda and Newmont Exploration. His reconnaissance work in designing and implementing exploration programs resulted in numerous prospect acquisitions, some of which were the subject of advanced exploration and discovery.

Mr. Carstensen holds BA and MS degrees in Geology from the University of Montana and is a Certified Professional Geologist with AIPG.

Sophie Taylor has over 18 years direct experience in corporate communications, most recently as Manager, Investor Relations / Corporate Communications at KGHM International (formerly, Quadra FNX /Quadra Mining) From the IPO in 2004 until its acquisition by KGHM Polska Miedz SA in 2012, Ms. Taylor was directly involved in messaging an aggressive business strategy to the investment community. Through mergers, acquisitions and discovery, the company grew its asset base and matured from a junior mining company to a global industry player.

Prior to working at KGHM International, Ms. Taylor worked as Manager, Investor Relations with Winspear Diamonds Inc. where she was an integral participant in the communications strategy prior to and during the purchase of Winspear by De Beers in 2001 for $350 million.

Mr. Robert Willis, CEO states; “We are delighted to have Mr.Carstensen join the San Marco Board. His expertise, along with our other board members, creates a team which will allow the company to be in the forefront of discovery and development of the mineral properties in our areas of focus. Ms. Taylor’s experience will support the executive as we message our activities and broaden our market presence.”

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company aggressively pursuing three promising projects in mining-friendly Mexico. San Marco is currently focused on its Angeles, La Buena and Los Carlos properties, all of which have either been drilled in 2013, or are being explored in preparation for drilling in the near future. 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 D. Willis
CEO

604-568-5951
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 Resources Reports Exploration At La Buena Project In Mexico Continues To Outline Discovery Potential

By | 2013

Vancouver, B.C., December 3rd, 2013: San Marco Resources Inc. (“San Marco” or “the Company”; SMN: TSX-V) and, Exeter Resource Corp. (TSX: XRC; NYSE-MKT: XRA) continue to explore the Company’s 8,500 hectare La Buena property, located 9 km north of Goldcorp’s Penasquito mine in northern Zacatecas State, Mexico. Initial diamond drilling and a recently completed gravity survey builds on previous work that outline geological, geochemical and geophysical similarities to other mineral deposits in the area. Results from this recent phase of exploration, which continue to support a model similar to Penasquito and Camino Rojo, have identified additional prospective drill targets.

The diamond drill program that commenced in mid-September (See Press Release: September 17th 2013) was designed to test initial targets around the Julia zone in a series of drill holes. To date, two drill holes have been completed, one in the central core and one in the northern area returning geologically encouraging results.

Drill hole LBD13-02, drilled on the northern flank of the Julia zone, intersected widespread, low grade gold, silver and zinc mineralization hosted in strongly bleached and altered Carocol Formation (host rocks at Penasquito) consisting of inter-bedded limestone’s, siltstones and sandstones. Well-developed stockwork, massive sulphide veinlet’s and fractures fillings, containing pyrite, sphalerite, galena, minor chalcopyrite, dominate the mineralization, and do not appear to be preferentially located in any specific rock unit. Trace element associations with gold, silver, copper, lead and zinc, suggest the mineralization may be intrusive related, also indicated by the high magnetic and high chargability centers in the Julia and Las Crucitas areas.

Interesting drill intersections include: 77.5 meters @ 0.14 g/t gold (44.5m – 122.0m), including 24.1 meters @ 0.17 g/t gold ( 44.5m – 68.6m). A much broader interval of 152 meters @ 0.12 g/t gold (0m – 152m) also included elevated zinc values consisting of 36.3 meters @ 0.11% zinc (59.5m – 95.8m), including 13.1m @ 0.18% zinc. Anomalous silver values, 1 – 2 g/t over 98.7 meters were also discovered deeper in the hole. A cross section of this hole can be viewed by clicking here.

The gold/zinc relationship in LBD13-02 could suggest that this drill hole intersected the central portion of the alteration zone and that when comparing characteristics of other deposits in the area, the margins of the alteration area could be a more favorable location for mineralization. LBD13-01 was drilled to test a zone of higher chargeability in a central area of the Julia zone. Anomalous gold and base metal values were encountered. The high chargability anomaly is interpreted to correspond with elevated levels of pyrite (20%) hosted primarily in intrusive dikes and sills. Sporadic anomalous gold, silver and zinc values were located primarily along the contacts of the dikes and the inter-bedded Caracol Formation.

In conjunction with this drilling, a gravity survey has been completed covering approximately 25 square km to the east and south of the Julia zone. Results of this survey have outlined a series of new targets, where gravity lows are coincidental to, or adjacent to chargeability highs. The newly discovered area is referred to the “Las Crucitas zone.” The gravity survey can be viewed by clicking here.

Alvaro Picos, a member of San Marco’s exploration team and previously a member of the Penasquito discovery team, has identified important geological and geophysical indicators that were ultimately proven to be associated with stockwork, breccia pipe, disseminated and skarn mineralizing systems.

San Marco’s CEO Bob Willis stated; “Based on La Buena’s geological and geophysical similarities to deposits in the area, we continue to believe La Buena has the potential to host a robust system of mineralization.”

Exeter Resources has the option to earn 60% in the La Buena property from San Marco and has committed to first year expenditures of C$1.4 million, which includes the completed property scale IP geophysics program and an initial drilling program. San Marco is responsible for conducting exploration activities.

Exeter has fulfilled the first year Joint Venture commitments regarding the Angeles property, Sonora State , Mexico and has advised San Marco that it will not be continuing to fund Angeles exploration and is therefore withdrawing from the J.V. San Marco will immediately commence discussions with parties who have expressed interest in the Angeles property.

Quality Control and Assurance

Blanks and certified standards were inserted into the sample stream as part of San Marco’s quality assurance and control program, which complies with National Instrument 43-101 requirements. Core samples are split using a hydraulic splitter, with one half retained in secure storage for logging, and the other half sent to ALS Chemex Lab Zacatecas, Zacatecas State, Mexico. All samples are prepared using the PREP -31 method. 125 gram pulps are sent to ALS Chemex Lab. in Vancouver, B.C. 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 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.

The technical information contained in this press release has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company aggressively pursuing three promising projects in mining-friendly Mexico. San Marco is currently focused on its Angeles, La Buena and Los Carlos properties, all of which have either been drilled in 2013, or are being explored in preparation for drilling in the near future. 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 D. Willis
CEO

604-568-5951
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 Resources Reports That Drilling Has Commenced at the La Buena Project, Mexico

By | 2013

Vancouver, B.C., September 17, 2013: San Marco Resources Inc. (“San Marco” or “the Company”; SMN: TSX-V) is pleased to report that the first hole of the initial drill program at the La Buena project, Mexico, has commenced. This initial drill program is targeting the Julia zone at La Buena, which hosts a large scale, geophysical target, elevated rock geochemistry and prospective geology.

The La Buena property consists of an 8,500 hectare land package located in an active mining region within northern Zacatecas State, Mexico. The property is 5 km north of Goldcorp’s La Negra/Noche Buena deposit and 9 km north of its Peñasquito mine. The Julia zone has similar geological, geochemical and geophysical characteristics to other mineral deposits in the area, including Peñasquito and Camino Rojo.

A recently completed property wide 3D IP geophysics program conducted by SJ Geophysics has reconfirmed that the Julia zone is host to the strongest near surface IP chargeability anomaly identified to date. The survey covered an area of over 35 km2 on the La Buena property and outlined a series of potentially new areas of mineralization. The program successfully incorporated IP data from 2010 and 2011 with the new 3D IP data to develop a model that provides near surface resolution and additional information about the depth extent of the geophysical anomalies in the area. Work to date indicates that the Julia zone high chargeability anomaly is as close as 75 metres (“m”) to surface and extends beyond 400 m vertically. The zone is also associated with a series of intersecting structures, and coincident elevated surface geochemistry (gold, silver, base metals).

Two areas at the Julia zone have been identified for initial drill testing. The first drill hole is designed to test a coincident chargeability high, low resistivity feature situated within the central region of a higher resistive zone rimming a topographical high feature. The second drill hole planned will target intersecting structural lineaments broadly associated with high chargeability zones. In addition, magnetic data reveals the presence of an elevated magnetic anomaly which appears to surround the central chargeability high. Furthermore, the region to the east of the Julia zone has been identified as having potential for additional drill targets.

The Julia zone geophysics can be viewed by clicking here.

A location map of La Buena and the Julia zone can be viewed by clicking here.

The current 2,500 m drill program underway at La Buena is expected to be completed in Q4/13. Assay results are expected to be released following the completion of a series of drill holes. Exeter Resource Corp. (TSX: XRC; NYSE-MKT: XRA) has the option to earn 60% in the La Buena property from San Marco and has committed to first year expenditures of C$1.4 million, which includes the now completed property scale IP geophysics program and the 2,500 m of drilling that is currently underway. San Marco is responsible for conducting exploration activities. For agreement details, see the Company’s news release dated March 4, 2013.

The technical information contained in this press release has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

San Marco also announces that Rick Peterson’s role as Vice-President, Corporate Development, will end September 30, 2013 and in its place, Mr. Peterson will continue to provide advisory services to the Company. In consideration of the foregoing, the Company has extended his options to purchase an aggregate of 350,000 shares until September 30, 2014.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company aggressively pursuing three promising projects in mining-friendly Mexico. San Marco is currently focused on its Angeles, La Buena and Los Carlos properties, all of which are either drill ready or in preparation for drilling in the near future. 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:

Rick Peterson
V.P. Corporate Development
604-568-5951
604-868-3164
rick@rickpeterson.ca

Robert D. Willis
CEO
604-568-5951
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 Intersects 2.6 Metres Grading 7.0 g/t Gold and 24.1 g/t Silver (7.48 g/t AuEq) at Angeles in 200 Metre Step-Out Drill Hole

By | 2013

Vancouver, B.C. – August 20, 2013: San Marco Resources Inc. (“San Marco” or “the Company”; SMN: TSX-V) is pleased to announce additional and final results from the Company’s Phase I exploration drill campaign at the Angeles property in northern Sonora state, Mexico.

Exploration at Angeles commenced during the summer of 2012, and resulted in discovery of the mineralized Angeles fault structure over approximately 3,000 metres of strike length. Assay results of surface sampling and from historic underground workings have been previously disclosed by the Company.

Since drilling commenced in April, 2013, 11 holes have now been completed at the Bonanza zone and 4 at the La Verde zone, 1.1 km to the west of La Bonanza. Assays from the first 8 holes at Bonanza were previously disclosed (News Releases dated May 23, 2013 and July 9, 2013). Drill hole locations can be reviewed on a long section posted on the Company’s website.

Subsequent to previously released drill hole data at La Bonanza zone, three additional holes, AD13-09 to AD13-11, have been completed. Drill hole AD13-09 is a 200 metre step-out to the east of previously reported AD13-07 and 250 metres east of AD13-08, and intersected the Angeles structure approximately at the same vertical depth. Highlights of assay results from AD13-09 are:

Hole AD13-09

From To Interval
(metres)
Au g/t Ag g/t AuEq g/t Cu % Pb % Zn % % Pb-Zn
Combined
234.85 237.45 2.60 7.00 24.06 7.48 0.93 1.05 0.92 1.96
Including:
235.30 236.85 1.55* 10.87 19.82 11.27 0.88 1.36 1.16 2.51

* Core recovery is estimated to be at 55%.

Highlights of previously reported AD13-07 and 08 are:

Hole AD13-07

From To Interval (metres) Au g/t Ag g/t AuEq g/t Cu % Pb % Zn % % Pb-Zn Combined
166.20 169.70 3.50 3.93 63.00 5.18 0.74 1.22 0.63 1.84
Including:
166.20 168.70 2.50 5.50 85.80 7.21 1.04 1.68 0.87 2.55
167.10 168.70 1.60 8.17 120.20 10.58 1.57 2.58 0.88 3.46
167.60 168.70 1.10 11.02 87.20 12.76 1.39 3.47 0.16 3.63

Hole AD13-08 

From To Interval (metres) Au g/t Ag g/t AuEq g/t Cu % Pb % Zn % % Pb-Zn Combined
241.30 244.50 3.20 3.10 15.00 3.40 0.09 0.20 0.03 0.22
Including:
242.00 243.80 1.80 5.41 18.00 5.77 0.12 0.28 0.04 0.31

The following drill hole AD13-10 was stepped out an additional 200 metres to the east from AD13-09, where the Angeles structure was intersected as expected. Results are:

Hole AD13-10 

From To Interval (metres) Au g/t Ag g/t AuEq g/t Cu % Pb % Zn % % Pb-Zn
Combined
197.30 198.65 1.35 0.94 15.00 1.23 0.10 0.19 0.12 0.31

Drill hole AD13-11 was located approximately 180 metres to the west of all previous Bonanza zone drilling. It appears the Angeles structural dip has flattened in this area and the structure was intersected much shallower and higher in the mineralizing system than expected. Only anomalous silver and copper were encountered over a narrow intercept.

Notes:

  1. A silver to gold ratio of 50:1 was used for AuEq calculations.
  2. Drill intervals reported are down hole intercepts. True widths are estimated to be greater than 80% of reported widths.
  3. Metallurgical recoveries and net smelter returns are assumed to be 100% for these calculations.
  4. Copper, lead and zinc values are not included in AuEq calculations.
  5. Drill core recovery of the announced mineralized zones is generally greater than 90%, unless otherwise noted.
  6. Down hole intercepts are calculated based on geological observations of the structure and not on a specific cut-off value

“We are very pleased with the Phase I drill results, which indicate there is significant potential to expand size with large drill hole step-outs. As well, excellent continuity of mineralization grades and structural widths, bodes well in assisting our project exploration team as they generate our Phase II exploration program.” said San Marco CEO Bob Willis.

Phase I drilling has identified consistent mineralization hosted in the Angeles fault structure over 600 metres of strike and 300 metres down dip, and is open in all directions.

Exeter Resource Corp. (TSX:XRC; NYSE MKT:XRA) is currently funding a $1.0 million committed exploration program at Angeles, which is largely related to the recently completed 2,500 metres of Phase 1 drilling at the La Bonanza and La Verde target areas, pursuant to an agreement whereby it has the option to earn an initial 51% in the Angeles property by staged expenditures totalling $10 million over 4 years and an additional 19%, over the next 3 years, for a total of 70% by spending an additional $10 million in exploration expenditures.

Exeter will also make cash payments, totalling $950,000 staged over 7 years, by way of a private placement purchase of San Marco’s common shares at a price equal to a premium of 25% to the 20 day volume weighted average price .

La Buena Project Update

San Marco is now preparing for initial drilling to commence at the La Buena project, Mexico. Recently completed expansion IP geophysics has successfully complimented previous IP work centred on the Julia zone, the principal drill target at La Buena. Exeter has committed to first year expenditures of C$1.4 million, which includes a property scale IP geophysics program (completed) and 2,500 metres of drilling. Plans are to commence the 2,500 meter drilling in early September, initially targeting the Julia zone. The Julia zone has similar geological, geochemical and geophysical characteristics to other mineral deposits in the area, including Peñasquito and Camino Rojo.

The La Buena property consists of an 8,500 hectare land package located in an active mining region within northern Zacatecas State, Mexico. The property is 5 km north of Goldcorp’s La Negra/Noche Buena deposit and 9 km north of its Peñasquito mine.

Exeter Resource Corp. has the option to earn 60% in the La Buena property from San Marco.

Quality Control and Assurance

Blanks and certified standards were inserted into the sample stream as part of San Marco’s quality assurance and control program, which complies with National Instrument 43-101 requirements. Core samples are split using a hydraulic splitter, with one half retained in secure storage for logging, and the other half sent to ALS Chemex Lab in Hermosillo, Sonora, Mexico. All samples are prepared using the PREP -31 method. 125 gram pulps are sent to ALS Chemex Lab. in Vancouver, B.C. 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 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.

The technical information contained in this press release has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For further information, contact:

Rick Peterson
V.P. Corporate Development
604-568-5951
604-868-3164
rick@rickpeterson.ca

Robert D. Willis
CEO
604-568-5951
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 Intersects 1.8 metres grading 5.41 g/t Gold and 18 g/t Silver (5.77 g/t AuEq) at Angeles – Expands Potential

By | 2013

Vancouver, B.C. – July 9, 2013: San Marco Resources Inc. (“San Marco” or “the Company”; SMN: TSX-V) is pleased to announce additional results from the Company’s maiden exploration drill campaign at the Angeles property in northern Sonora state, Mexico.

“We are very pleased that these results continue to expand mineralization over a significant strike length of the Angeles structure,” said San Marco CEO Bob Willis. “They confirm the potential that our board and our highly skilled Mexican exploration team have always envisioned at the Angeles property.”

Exploration at Angeles commenced during the summer of 2012, and resulted in discovery of the mineralized Angeles fault structure over approximately 3,000 metres of strike length. Assay results of surface sampling and from historic underground workings have been previously disclosed by the Company.

Since drilling commenced in April, 2013, 8 holes have now been completed at the Bonanza zone and 4 at the La Verde zone, 1.1 km to the west of La Bonanza. Assays from the first 7 holes at Bonanza were previously disclosed (News Release dated May 23, 2013). Drill hole locations can be reviewed on a long section posted on the Company’s website.

Subsequent to previously released drilling at La Bonanza zone, one additional hole, AD13-08, was completed, downdip from holes AD13-03 and AD13-07. Highlights of assay results from this hole are:

Hole AD13-08

From To Interval
(meters)
Au g/t Ag g/t AuEq Cu % Pb % Zn % % Pb-Zn
Combined
241.30 244.50 3.20 3.10 15.00 3.40 0.09 0.20 0.03 0.22
Including
242.00
243.80 1.80 5.41 18.00 5.77 0.12 0.28 0.04 0.31

Four drill holes were also completed at the La Verde zone, located 1.1 km to the west of the primary Bonanza zone target. Mineralization encountered at La Verde is encouraging and is additional evidence that the gold/silver/base metal system continues on trend between La Bonanza and La Verde, a span of over 1.1 km. Higher silver values and moderately lower gold and base metal values potentially suggests the La Verde drilling to date, has intersected different metal zoning within the Angeles structure than that at La Bonanza. Studies designed to vector to higher grade gold zones within the system, are ongoing. Drill hole assay results at La Verde are:

Hole LV13-01

From To Interval
(meters)
Au g/t Ag g/t AuEq Cu % Pb % Zn % % Pb-Zn
Combined
91.90 95.75 3.85 1.03 20.21 1.43 0.26 0.56 0.41 0.97
Including
91.90 93.10 1.20 1.37 22.30 1.81 0.22 0.51 0.24 0.75
And
97.00 98.40 1.40 0.02 64.11 1.30 0.62 0.11 0.54 0.65

Hole LV13-02

From To Interval
(meters)
Au g/t Ag g/t AuEq Cu % Pb % Zn % % Pb-Zn
Combined
114.50 118.80 4.30 0.53 84.39 2.22 0.45 3.64 0.28 3.92
Including
114.50 117.20 2.70 0.78 116.03 3.10 0.25 2.79 0.26 3.05

Hole LV13-03

From To Interval
(meters)
Au g/t Ag g/t AuEq Cu % Pb % Zn % % Pb-Zn
Combined
96.80 97.40 0.60 0.03 3.10 0.09 0.01 0.00 0.00 0.01
103.30 104.00 0.70 0.01 0.50 0.02 0.00 0.00 0.00 0.00

Hole LV13-04

From To Interval
(meters)
Au g/t Ag g/t AuEq Cu % Pb % Zn % % Pb-Zn
Combined
99.65 101.40 1.75 0.08 68.80 1.45 0.14 0.07 0.04 0.11
100.80 101.40 0.60 0.07 156.00 3.19 0.13 0.03 0.04 0.07
108.80 111.30 2.50 0.65 93.52 2.52 0.47 0.12 0.16 0.28
Including
108.80 110.00 1.20 1.11 119.75 3.51 0.53 0.16 0.18 0.34

Notes:

  1. A silver to gold ratio of 50:1 was used for AuEq calculations.
  2. Drill intervals reported are down hole intercepts. True widths are estimated to be greater than 80% of reported widths.
  3. Metallurgical recoveries and net smelter returns are assumed to be 100% for these calculations.
  4. Copper, lead and zinc values are not included in AuEq calculations.
  5. Drill core recovery of the announced mineralized zones is generally greater than 90%, unless otherwise noted.
  6. Down hole intercepts are calculated based on geological observations of the structure and not on a specific cut-off value

Drilling continues to demonstrate the consistency of the mineralization hosted in the Angeles fault structure. Following a 3 week break, drilling recently recommenced at the Bonanza zone. Additional drilling is designed to test the Angeles mineralized system on 150 metres to 200 metres step outs along strike (east and west) from previous drilling

Composites from drill hole pulps and rejects, have been sent to the Metallurgical Division of ALS Chemex in Kamloops B.C, where testing will not only include possible recovery alternatives for gold and silver, but include base metals which could have an impact on the overall economic analysis of Angeles.

Blanks and certified standards were inserted into the sample stream as part of San Marco’s quality assurance and control program, which complies with National Instrument 43-101 requirements. Core samples are split using a hydraulic splitter, with one half retained in secure storage for logging, and the other half sent to ALS Chemex Lab in Hermosillo, Sonora, Mexico. All samples are prepared using the PREP -31 method. 125 gram pulps are sent to ALS Chemex Lab. in Vancouver, B.C. 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 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.

Exeter Resource Corp. (TSX:XRC; NYSE MKT:XRA) is currently funding a $1.0 million committed exploration program at Angeles, which is largely related to a planned 2,500 metres of drilling at the La Bonanza and La Verde target areas, pursuant to an agreement whereby it can earn an initial 51% in the Angeles property by staged expenditures totalling $10 million over 4 years and an additional 19%, over the next 3 years, for a total of 70% by spending an additional $10 million in exploration expenditures.

Exeter will also make cash payments, totalling $950,000 staged over 7 years, by way of a private placement purchase of San Marco’s common shares at a price equal to a premium of 25% to the 20 day volume weighted average price .

San Marco has elected not to proceed with an “Option agreement” on the 280 hectare Los Carlos concession, (news release dated November 7, 2011), located in the “Megashear” western Sonora state. The Company will however, proceed with generating an initial exploration program on its wholly owned 15,635 hectare Los Carlos II property. The Company’s website details this exciting prospect.

The technical information contained in this press release has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For further information, contact:

Rick Peterson
V.P. Corporate Development
604-568-5951
604-868-3164
rick@rickpeterson.ca
Robert D. Willis
CEO
604-568-5951
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 Adoption of Advance Notice Policy for Election of Directors

By | 2013

Vancouver, B.C. – June 27, 2013: San Marco Resources Inc. (SMN: TSX-V) announces the adoption by its Board of Directors of an Advance Notice Policy in respect of the election of directors.

The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating persons for election as directors of the Company. No person will be eligible for election unless nominated in accordance with the Policy.

The Policy was adopted to further the Company’s commitments to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The Policy requires advance notice to the Company where nominations of persons for election to the Board of Directors are made by shareholders. The Policy fixes a deadline by which nominations of potential directors must be submitted to the Company prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to the Company.

For annual general meetings of shareholders, notice to the Company of nominations of potential directors must be made not less than 35 days and not more than 60 days prior to the date of the meeting but if the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

For special general meetings of shareholders called for the purpose of electing directors (whether or not called for other purposes), notice to the Company of nominations of potential directors must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The Policy is effective as of June 18, 2013. Pursuant to the terms of the Policy, the Company will seek shareholder ratification of the Policy at its next annual general meeting of shareholders.

The full text of the Policy is available under the Company’s profile at www.sedar.com and on the Company’s website (www.sanmarcocorp.com).

For further information, contact:

Rick Peterson
V.P. Corporate Development
604-568-5951
604-868-3164
rick@rickpeterson.ca
Robert D. Willis
CEO
604-568-5951
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 Intersects 3.55 metres grading 3.93 g/t Gold and 63.00 g/t Silver (5.18 g/t AuEq) at Angeles

By | 2013

Vancouver, B.C. – May 23, 2013: San Marco Resources Inc. (“San Marco” or “the Company”; SMN: TSX-V) is pleased to announce the results of the first 7 drill holes of the Company’s maiden exploration drill campaign, at the Angeles property in northern Sonora state, Mexico.

Exploration at Angeles commenced during the summer of 2012, and resulted in discovery of the mineralized Angeles fault structure over approximately 3,000 metres of strike length. Assay results of surface sampling and from historic underground workings have been previously disclosed by the Company.

Drilling was initiated at the Bonanza zone in April, 2013, where 7 planned holes have now been completed. All drill holes intersected the main Angeles structure and contain gold, silver, copper, lead and zinc mineralization. Of particular note, drill holes AD13-03 and AD13-07 are the deepest down dip intersections below surface (about 160 metres), and exhibit the most intense host rock brecciation, hematitization, crackle breccia and silicification, corresponding to the highest gold, silver and base metal grades.

Highlights of assays from the Bonanza zone drilling include the following:

Hole AD13-07 – Section C

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
166.2 169.7 3.5 3.93 63.00 5.18 0.74 1.22 0.63 1.84
Including:
166.2 168.7 2.5 5.50 85.80 7.21 1.04 1.68 0.87 2.55
167.1 168.7 1.6 8.17 120.20 10.58 1.57 2.58 0.88 3.46

Hole AD13-03 – Section A

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
146.0 152.2 6.2 2.81 63.77 4.09 0.55 1.16 0.90 2.06
Including:
147.0 152.2 5.2 3.33 71.76 4.77 0.65 1.36 0.95 2.31
147.0 148.2 1.2 7.38 141.00 10.20 0.64 2.50 1.92 4.42

Hole AD13-05 – Section B

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
81.5 86.0 4.5 2.23 49.24 3.21 0.64 1.50 0.49 1.99
Including:
81.5 84.0 2.5 3.12 74.51 4.61 0.93 2.51 0.44 2.95
82.7 84.0 1.3 4.64 126.22 7.17 1.47 4.03 0.34 4.37

Hole AD13-04 – Section B

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
131.6 132.7 1.1 * 2.67 144.00 5.55 0.46 0.37 0.67 1.04

* 0.70 metres of fault gouge next to this interval was not recovered, due to drill circulation water washing.

The Company’s CEO, Bob Willis, stated “Our initial drilling at the Bonanza zone has resulted in all holes containing significant gold, silver, copper, lead and zinc mineralization. In addition the consistency of the Angeles structure, identified over a 3,000 metre strike length, and thus far maintaining a 55 – 60 degree dip at the Bonanza zone, improves our confidence in the potential for expanding the mineralization along strike and to depth. Results from our collective work to date at Angeles is encouraging and may lead San Marco to achieve its goal of defining a high margin deposit, with very favorable infrastructure in a mining friendly jurisdiction.”

Drilling at La Bonanza has been designed to intersect the Angeles structure perpendicular to the assumed strike length of the principal trend of mineralization. All holes were drilled at an azimuth of 20 degrees; holes AD13-03 and AD13-07 at a -73 degree dip and the rest of the holes at -50 degree dip. Drill sections are 50 metres apart, with a minimum down dip separation between holes of 50 metres. Corresponding drill cross sections and a long section can be viewed on the Company’s website. These reported drill results have thus far tested 100 metres of the identified 3,000 metres of the Angeles strike length, and approximately 160 metres down dip on the plane of the mineralization.

A complete list of drill hole intercepts is shown in the following table:

Hole AD13-01 – Section A

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
76.5 81.0 4.5 * 0.20 8.63 0.37 0.35 0.14 0.07 0.22
Including
76.5 77.5 1.0 0.40 13.00 0.66 1.12 0.16 0.13 0.29
111.8 112.0 0.2 9.62 88.00 11.00 0.71 3.12 0.52 3.64

* This interval contains open stoping, and what appears to be caved material. Overall assays should be considered unreliable for this interval.

Hole AD13-02 – Section A

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
123.0 124.0 1.0 1.36 12.40 1.60 0.11 0.16 0.12 0.28
130.1 131.1 1.0 0.43 90.00 2.23 0.371 0.816 0.336 1.152

Hole AD13-03 – Section A

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
146.0 152.2 6.2 2.81 63.77 4.09 0.55 1.16 0.90 2.06
Including:
147.0 152.2 5.2 3.33 71.76 4.77 0.65 1.36 0.95 2.31
147.0 149.0 2.0 5.18 94.38 7.07 1.03 1.59 1.27 2.86
147.0 148.2 1.2 7.38 141.00 10.20 0.64 2.50 1.92 4.42
151.0 152.2 1.2 5.46 136.00 8.18 0.73 3.03 1.60 4.63

Hole AD13-04 – Section B

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
131.6 132.7 1.1 * 2.67 144.00 5.55 0.46 0.37 0.67 1.04

* 0.70 meters of fault gouge next to this interval was not recovered, due to drill circulation water washing.

Hole AD13-05 – Section B

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
81.5 86.00 4.5 2.23 49.24 3.21 0.64 1.50 0.49 1.99
Including:
81.5 84.00 2.5 3.12 74.51 4.61 0.93 2.51 0.44 2.95
82.7 84.00 1.3 4.64 126.22 7.17 1.47 4.03 0.34 4.37

Hole AD13-06 – Section C

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
86.2 91.3 5.1 0.27 11.91 0.51 0.26 1.01 1.08 2.09
Including
87.9 91.3 3.4 0.35 9.88 0.55 0.38 1.47 1.45 2.92
88.9 89.9 1.1 0.65 17.16 0.99 1.04 3.89 2.00 5.89
88.9 89.4 0.5 0.47 23.60 0.94 1.95 7.61 3.74 11.35

Hole AD13-07 – Section C

From To Interval
(metres)
Au
g/t
Ag
g/t
AuEq Cu
%
Pb
%
Zn
%
% Pb-Zn
Combined
166.2 169.7 3.5 3.93 63.00 5.18 0.74 1.22 0.63 1.84
Including:
166.2 168.7 2.5 5.50 85.80 7.21 1.04 1.68 0.87 2.55
167.1 168.7 1.6 8.17 120.20 10.58 1.57 2.58 0.88 3.46
167.6 168.7 1.1 11.02 87.20 12.76 1.39 3.47 0.16 3.63

Notes:

  1. A silver to gold ratio of 50:1 was used for AuEq calculations for the sake of consistency of previous San Marco’s news release.
  2. Drill intervals reported are down hole intercepts. True widths are yet to be determined.
  3. Metallurgical recoveries and net smelter returns are assumed to be 100% for these calculations.
  4. Copper, lead and zinc values are not included in AuEq calculations.
  5. Drill core recovery of the announced mineralized zones is generally greater than 90%, unless otherwise noted.

Subsequent to completing the above drilling, the rig has moved 1.1 kilometres to the west (along the same Angeles structure), where 4 holes have recently been completed, testing the La Verde zone. Additional drilling is expected to be scheduled at the Bonanza zone testing possible on strike and down dip extensions.

Blanks and certified standards were inserted into the sample stream as part of San Marco’s quality assurance and control program, which complies with National Instrument 43-101 requirements. Core samples are split using a hydraulic splitter, with one half retained in secure storage for logging, and the other half sent to ALS Chemex Lab in Hermosillo, Sonora, Mexico. All samples are prepared using the PREP -31 method. 125 gram pulps are sent to ALS Chemex Lab. in Vancouver, B.C. 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 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.

Exeter Resource Corp. (TSX:XRC; NYSE MKT:XRA) is currently funding a $1.0 million committed exploration program at Angeles, which is largely related to a planned 2,500 metres of drilling at the La Bonanza and La Verde target areas, pursuant to an agreement whereby it can earn an initial 51% in the Angeles property by staged expenditures totalling $10 million over 4 years and an additional 19%, over the next 3 years, for a total of 70% by spending an additional $10 million in exploration expenditures.

Exeter will also make cash payments, totalling $950,000 staged over 7 years, by way of a private placement purchase of San Marco’s common shares at a price equal to a premium of 25% to the 20 day volume weighted average price .

The technical information contained in this press release has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For further information, contact:

Rick Peterson Robert D. Willis
V.P. Corporate Development CEO
604-568-5951 604-568-5951
604-868-3164 604-813-2606
rick@rickpeterson.ca 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 Commences Drilling at Angeles

By | 2013

Vancouver, B.C. – April 17, 2013: San Marco Resources Inc. (SMN: TSX-V) has commenced a Phase I diamond drilling program on its Angeles property in northern Sonora state, Mexico.

The 2013 Phase I program includes a minimum of 2,500 meters of HQ core drilling, focusing on the La Bonanza and La Verde zones, 2 of the primary targets identified by a combination of geological, geochemical and geophysical data gathered and compiled by Company geologists. Early indications suggest that mineralization at Angeles is related to an epithermal, detachment fault type geological environment, which is similar to numerous deposits located in the southern US, including New Gold’s Mesquite mine, which hosts 5.6 million ounces gold (M&I Resources).

The Angeles exploration is being funded by Exeter Resource Corporation (TSX: XRC; NYSE-MKT: XRA; Frankfurt: EXB), which has an initial option to earn a 51% interest in Angeles by funding $10 million in exploration expenditures over 4 years, and where San Marco, as operator, will complete $1M of firm commitment exploration expenditures in 2013, including at least 2,500 meters of drilling (News Release dated March 4, 2013). Drill hole intercepts with assay results will be disclosed upon geological analysis of several drill holes in each of the target zones.

The Company acquired an option to purchase 100% interest in Angeles in mid-2012, and subsequently completed surface rock chip and soil sampling, trenching, a magnetometer survey and detailed geological mapping. In addition to discovering some 100 year old underground workings, (sample results discussed in News Releases dated October 11, 2012, November 27, 2012 and January 15, 2013), several sub parallel shear and fault structures were identified over a 3 km strike length, and having widths ranging from 1 – 16 meters. Identified structures are mineralized, with a variety of potentially economic values of gold, silver, copper, lead and zinc occurring in hematite rich, hydrothermal breccia’s and silicified meta-sediments, associated with regional NW structural features. Petrographic studies indicate at least 5 brecciating, quartz veining, faulting and silicification events, of which 3 appear to be associated with mineral deposition. Overprinting of these mineralizing sequences, coupled with the intense regional faulting, has created a structural and geological environment conducive to host mineralization.

The technical information contained in this press release has been verified, and this news release has been approved, by San Marco’s CEO, Robert D. Willis, P. Eng. a ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For further information, contact:

Rick Peterson
V.P. Corporate Development
604-568-5951
604-868-3164
rick@rickpeterson.ca

Robert D. Willis
CEO
604-568-5951
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 completes $250,000 Private Placement with Exeter in connection with Mexican Property Options

By | 2013

Vancouver, B.C. – March 18, 2013: San Marco Resources Inc. (SMN: TSX-V) has completed a private placement with Exeter Resource Corporation (TSX: XRC; NYSE-MKT: XRA; Frankfurt: EXB) of 1,562,500 shares at a price of $0.16 per share for proceeds of $250,000. The shares were issued at a 25% premium to the 20 day VWAP ending February 14th and are subject to restrictions on transfer until July 16, 2013.

The proceeds from the placement represented the initial payments due from Exeter in connection with the options granted to it in March to acquire interests in San Marco’s La Buena and Angeles properties in Mexico (see news release dated March 4, 2013).

For further information, contact:

Rick Peterson
V.P. Corporate Development
604-568-5951
604-868-3164
rick@rickpeterson.ca

Robert D. Willis
CEO
604-568-5951
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.