Category

2014

San Marco Resources Share Consolidation Approved by Shareholders

By | 2014

San Marco Resources Share Consolidation Approved by Shareholders

Vancouver, B.C. – December 22, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces that a special resolution to approve the consolidation of the Company’s shares on the basis of one new share for every five old shares was passed by shareholders of the Company at a Special General Meeting held in Vancouver, BC on December 22, 2014. Of the shares voted, 96% were voted in favour of the consolidation.

The Company expects the consolidation to become effective on January 5, 2015, provided final approval by the TSX Venture Exchange has been obtained. At that time, shareholders will be sent Transmittal Letters advising how to exchange their old share certificates for new share certificates. San Marco’s name will not change, but its CUSIP number and ISIN will change to 798738209 and CA 7987382099, respectively. Following the consolidation, San Marco will have 12,283,712 shares outstanding, and warrants and options to purchase a further 3,030,000 shares.

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

For further information, contact:

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

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

Forward Looking Information
Information set forth in this news release may include forward-looking statements, including the anticipated effective date of the Consolidation. 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 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 Revises Previously Announced Financing Terms

By | 2014

Vancouver, B.C. – December 17, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces that, as a result of changes in market conditions, the Company’s board of directors has revised certain pricing terms of the non-brokered private placement financing announced on October 24, 2014. The proposed private placement financing will still occur on a post (five into one) consolidation basis of the Company’s shares, which consolidation is subject to shareholder approval at a special meeting of shareholders being held on December 22, 2014.

Specifically, the price of the units offered in this financing will now be $0.05 per unit (from $0.075 previously announced), and the exercise price of the warrants underlying the units will be similarly reduced in price (to $0.05 in year one, $0.10 in year two, and $0.15 in year three). The Company may accelerate the warrant expiry date if the closing market price of the Company’s shares (after the expiry of the hold period) on the TSX Venture Exchange for a period of 15 consecutive trading days is $0.20 (formerly $0.22) or greater in the first year of the warrant, $0.25 (formerly $0.27) or greater in the second year of the warrant or $0.30 (formerly $0.32) or greater in the third year of the warrant (in all cases, an “Acceleration Triggering Event”), by issuing a news release and giving written notice of acceleration (“Notice of Acceleration”) to the warrant holders within five trading days of the Acceleration Triggering Event. The new warrant expiry date shall be 20 trading days after the date of the Notice of Acceleration.

Finders’ fees may be paid on a portion of the placement, consisting of a cash fee equal to 7% (unchanged) of the proceeds from units sold to investors introduced by finders, which fees, at the finder’s option, may be satisfied with units at $0.05 each (rather than $0.075 previously announced) and non-transferable share purchase warrants equal to 10% of the units sold to such investors exercisable on the same (amended) terms as the warrants contained in the units (unchanged).

As a result of the revision in unit price, the Company anticipates it will offer for sale up to 10,000,000 units (consisting of one post-consolidation common share and one non-transferable share purchase warrant) for gross proceeds of up to $500,000. Certain insiders of San Marco intend to participate in the proposed private placement, and San Marco may, if warranted, increase the size of the placement.

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

For further information, contact:

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

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

Forward Looking Information
Information set forth in this news release may include forward-looking statements, including: the pricing, terms and conditions of the Company’s proposed private placement financing; and regulatory and shareholder approvals necessary to proceed with the private placement financing, which are beyond the Company’s control. 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 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 Acquires Option on Highly Prospective Property in the Cuatro de Mayo District

By | 2014

San Marco Resources Acquires Option on Highly Prospective Property in the Cuatro de Mayo District

Vancouver, B.C. – December 16, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has signed a two year option agreement with Argonaut Gold Inc. (“Argonaut”; TSX: AR) of Toronto, Ontario to acquire a 457 hectare concession that contains a number of established gold targets in the El Chunibas area of the Cuatro de Mayo District in northern Mexico. Under the terms of the agreement, San Marco can earn a 100% interest in this concession by paying Argonaut a total of $50,000 over two years ($10,000 within 90 days, $15,000 on the first anniversary and $25,000 on the second anniversary). Argonaut will retain a one percent (1%) NSR royalty on any future production.

“The El Chunibas area hosts a number of mineralized epithermal gold targets”, states Bob Willis, President and CEO of San Marco. “This acquisition enhances San Marco’s foothold in the Cuatro de Mayo District and adds a highly prospective, established, precious metal target to our growing suite of Cuatro de Mayo showings.”

San Marco understands the El Chunibas area was the subject of several exploration initiatives over the past several decades, including the drilling of a series of shallow Reverse Circulation holes in the mid-1980s by a predecessor company of Argonaut. Holes were drilled at -45 degrees to the east, angled across the shear zone. Significant oxide gold results from this pre-NI 43-101* near-surface drill program include:

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

Local small scale mining activity has been ongoing since at least the 1980s. According to historic reports reviewed by the Company*, approximately 6,100 tonnes of mineralized material from three open pits was processed at a local Sonora State government-operated mill between 1984 and 1987, which material averaged approximately 4.0 g/t gold and 20 g/t silver.

Geologically, the El Chunibas area consists predominately of multi-phase felsic plutonic rocks intruding older (Jurassic) volcano-sedimentary sequences similar to exposures at the El Valle target, located 7 km to the southeast on the Company’s Cuatro de Mayo Property (see San Marco news releases dated September 29 and October 8, 2014 for El Valle exploration results to date). Precious metal mineralization at El Chunibas appears to be related to the same NNW-trending regional structure that hosts the El Valle target, and occurs in altered and locally oxidized or mixed oxide-sulfide-bearing shears in and adjacent to the intrusive rocks. Disseminated sulfides are noted in agglomerates in the eastern portion of the property.

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

For further information, contact:

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

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

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

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

Forward Looking Information
Information set forth in this news release 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. For instance, the execution of any exploration programs planned by the Company will be dependent upon the availability of both human and financial resources, both of which are presently limited. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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

San Marco Resources Makes New Corporate Appointments

By | 2014

Vancouver, B.C. – December 01, 2014: The Board of Directors of San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) announces the appointment, effective today, of Mr. Bernie Zacharias as the Company’s Chief Financial Officer and Ms. Barbara Henderson as the Company’s Corporate Secretary. These appointments follow the resignation of Julie Capstick from the positions of CFO and Corporate Secretary in order to pursue an alternative career opportunity. The Board of Directors thanks Ms. Capstick for her dedicated and professional service to the Company over the past four years.

Bernie Zacharias is a managing partner and founder of Avisar Chartered Accountants, a Langley, BC-based Chartered Accounting practice, which firm will also perform accounting services for the Company. Mr. Zacharias is a member of the Institute of Chartered Accountants of British Columbia and brings significant experience in corporate finance with publicly listed junior resource companies. He has worked extensively with, and has served as CFO for, various mineral exploration and development companies on the TSX Venture Exchange. Barbara Henderson has been San Marco’s Investor Relations Officer since April 2014 and will continue to perform these duties alongside her Corporate Secretarial role.

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

For further information, contact:

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

Barbara Henderson, Investor Relations Officer
604-568-5951
604-789-7689
bhenderson@sanmarcocorp.com

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as the duties to be undertaken by Bernie Zacharias, Barbara Henderson and Avisar Chartered Accountants, which are subject to change. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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

San Marco Resources Plans Share Consolidation and Financing and Reduces Property Holdings in order to Focus on Cuatro de Mayo

By | 2014

Vancouver, B.C. – October 24, 2014: The Board of Directors of San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) reports that as a result of extensive discussions with various financial advisors, it believes it is in the best interest of the Company to consolidate its common shares on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares. Subsequent to this consolidation, which is subject to regulatory and shareholder approval, San Marco intends to raise approximately $500,000 by way of a private placement financing on the terms set out below.

San Marco will use the new funds raised to further advance the very prospective Cuatro de Mayo project in Sonora State, Mexico (http://www.sanmarcocorp.com/s/CuatroDeMayo.asp) and for general working capital purposes. Initial investigations by the Company at Cuatro de Mayo have already resulted in the identification of two exciting targets and the majority of the property, known to comprise numerous mineral showings, remains open to additional discoveries. In order to focus its resources on this well-located and low-opportunity cost project, San Marco has elected to reduce its other property holdings as described below.

Consolidation
San Marco currently has 61,418,560 common shares issued and outstanding, and warrants and options to purchase a further 15,150,000 shares. Following the 5:1 consolidation, there will be 12,283,712 shares outstanding, and warrants and options to purchase a further 3,030,000 shares at an exercise price equal to five times the original exercise price.

The Company will hold a special meeting of shareholders on December 22, 2014 to seek the approval necessary to carry out the consolidation, which will also be subject to TSX Venture Exchange approval. San Marco does not propose to change its name in connection with the share consolidation although its CUSIP number and ISIN will change.

The Board of Directors is recommending shareholders approve the share consolidation to assist the Company in obtaining equity financing and increase its flexibility with respect to potential business transactions. If the consolidation is approved, the Board of Directors will have the authority to implement the consolidation or abandon it without further approval from, action by, or prior notice to shareholders.

Financing
Subsequent to the proposed share consolidation being implemented, San Marco intends to raise new capital through a non-brokered private placement of up to 6,700,000 units at a post-consolidation price of $0.075 per unit, for gross proceeds of up to $502,500. Each unit will consist of one post-consolidation common share (a “Share”) and one non-transferable share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share for a period of three years at $0.075 in the first year, $0.125 in the second year and $0.175 in the third year.
The Company may accelerate the Warrant expiry date if the closing market price of the Shares (after the expiry of the hold period) on the TSX Venture Exchange for a period of 15 consecutive trading days is $0.22 or greater in the first year of the Warrant, $0.27 or greater in the second year of the Warrant or $0.32 or greater in the third year of the Warrant (in all cases, an “Acceleration Triggering Event”), by issuing a news release and giving written notice of acceleration (“Notice of Acceleration”) to the Warrant holders within five trading days of the Acceleration Triggering Event. The new Warrant expiry date shall be 20 trading days after the date of the Notice of Acceleration.

Finders’ fees may be paid on a portion of the placement, consisting of a cash fee equal to 7% of the proceeds from units sold to investors introduced by finders (at the finder’s option, the fee may be satisfied with units at $0.075 each) and non-transferable share purchase warrants equal to 10% of the units sold to such investors. The finders’ fee warrants will have the same terms as the Warrants.

Certain insiders of San Marco intend to participate in the proposed private placement, and San Marco may, if warranted, increase the size of the placement. The Shares, and any Shares issued on the exercise of the Warrants and finders’ fee warrants, will be subject to a four month restricted resale period.

Focus on Cuatro de Mayo and Reduction in Property Holdings
As a result of San Marco’s early success at the Cuatro de Mayo project, the property area’s known propensity for mineralization, the low opportunity-cost of the existing Cuatro de Mayo option, and the property’s location in the vicinity of several operating gold mines, San Marco’s management and Board of Directors strongly believe that a focus on the Cuatro de Mayo District going forward is not only warranted, it provides the best opportunity for increasing shareholder value.

San Marco’s management has aggressively sought joint venture partners for its Angeles and La Buena projects over the past year, however, the persistently difficult mining market conditions have resulted in the Company being unable to locate a suitable partner. Therefore, the Company has elected to reduce the costs associated with maintaining the Angeles, La Buena and Los Carlos properties as described below.

The Angeles property optioned concessions will be discontinued, effective immediately, and the property area will consist solely of those concessions staked or purchased by the Company. The net result is a reduction in the size of the Angeles property from 1,667 hectares to 1,282 hectares. The remaining concessions will cover a portion of the Company’s 2013 drilling as well as the 100 year old El Tompiate adit accessing the original mine workings. The cessation of option payments coupled with the reduction in assessment fees and taxes associated with the smaller land holding will allow San Marco to maintain the remaining concessions for the foreseeable future.

The Los Carlos property, which was staked by the Company, will be reduced in size from 15,635 hectares to 3,759 hectares. The reduced property area protects the key target areas on the property while reducing maintenance costs significantly.

San Marco intends to terminate its La Buena project as the annual assessment fees and taxes required to maintain this concession are prohibitive at this time.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a current portfolio of three promising properties in mining-friendly Mexico and an aggressive project generation program focused on high-calibre, low-opportunity cost projects. San Marco has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

For further information, contact:

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

Barbara Henderson, Investor Relations Officer
604-568-5951
604-789-7689
bhenderson@sanmarcocorp.com

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: the Company’s intent to consolidate its common shares; the Company’s intent to undertake a private placement financing subsequent to the consolidation of its shares; the proposed terms of the financing; the intent of certain insiders of the Company to participate in the financing; the use of funds raised in the financing; the Company’s intent to reduce or abandon certain of its land holdings; the Company’s belief that it can retain its reduced land holdings at the Angeles and Los Carlos properties for the foreseeable future; the Company’s intent to continue to seek joint venture partners for the Angeles and Los Carlos properties; the Company’s initial interpretation of geological observations at the Cuatro de Mayo project; and, potential exploration plans and programs for the Cuatro de Mayo project. While these statements reflect management’s current understanding, plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. For instance: the consolidation may not receive the necessary approval of shareholders and the TSX Venture Exchange, in which case the consolidation would not proceed; there can be no assurances that the proposed financing will proceed at all, or under the terms currently being contemplated, or if it does proceed, that it will be successful; the Company may be unable to retain its holdings at the Angeles or Los Carlos properties indefinitely and there are no assurances a joint venture partner for either of these projects will be secured; and the execution of any exploration programs planned by the Company will be dependent upon the availability of both human and financial resources, both of which are presently limited. Furthermore, geological interpretations are open to revision as additional information becomes available. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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

Trenching at Cuatro de Mayo Property Confirms Gold Mineralization and Extends Dimension at El Valle Shear Zone

By | 2014

Vancouver, B.C. – October 08, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) is pleased to announce rock chip sampling results from four trenches recently completed at the El Valle shear zone on the Company’s Cuatro de Mayo project in Sonora State, Mexico. This trench sampling has returned results of up to 0.55 g/t gold over 24 metres.

Recent mapping along the El Valle shear zone has extended its known strike length to 800 metres, of which 400 metres has now been intermittently cross-cut and sampled. The systematic trenching recently completed has resulted in the discovery of a number of parallel, gold-bearing shears, which may coalesce with the main shear at depth. The El Valle shear zone is therefore open in all three dimensions. The trench sampling results reported below are comparable to those obtained from the Company’s recently released creek sampling at El Valle (see news release dated September 29, 2014) and confirm the gold-bearing nature of the shear zone. Importantly, ICP results for secondary and pathfinder elements (particularly silver and mercury) indicates surface exposures at El Valle are quite high in the mineralized system and that both precious and base metal values may increase with depth. An El Valle trenching map is available at www.sanmarcocorp.com.

Robert Willis, CEO of San Marco states “The El Valle area has quickly and efficiently developed into an exciting exploration target hosting oxide gold at surface. Shallowly dipping gold-bearing shear zones are a common feature in gold deposits in northwest Mexico, including the famous Megashear in western Sonora State. Similar structures that have returned grades in the range of those reported by San Marco today account for some of the most successful oxide heap leach operations currently in production in Sonora. The Company looks forward to undertaking additional work at this prospective target, which could include drilling, in order to assess the gold deposit potential at El Valle.”

Tookie Angus, Chairman of San Marco adds “The Cuatro de Mayo project is a highly prospective property that has provided early stage success for San Marco. The Company’s focus on this project at this time is clearly warranted.”

From south to north along the El Valle shear zone, sampling results to date include:

Creek 1 (previously released): 18.1 metres averaging 0.43 g/t gold including 12.0 metres averaging 0.57 g/t gold near the western contact, and 14.2 metres averaging 0.90 g/t gold near the eastern contact. Approximately 10 metres of lower grade gold exists in the center section of the shear,

Trench 1: 25 metres averaging 0.40 g/t gold. This sample includes both cleaned bedrock exposure and intermittent areas of sub-crop/alluvium that report generally lower grades. Where exposed, the shear zone exhibits significant alteration and silicification around intense quartz veinlets.

Trench 2: 58 metres averaging 0.32 g/t gold, including 24 metres averaging 0.55 g/t gold. This sample interval was completely within shear zone in bedrock exposed by trenching with no sub-crop/alluvium sections.

Trench 3: 22 metres averaging 0.21 g/t gold including 12 metres averaging 0.26 g/t gold. A second shear structure containing anomalous gold (20 metres averaging 0.10 g/t gold) was discovered 32 metres to the east of this higher grade section. The trench was terminated in this second zone where an intermittently flooding creek prevented the backhoe from continuing. Bedrock was not reached in all zones along this trench and intermittent lower grade sections relate to samples collected from the bedrock/alluvium transitional zone.

Creek 2 (previously released): 9.1 metres averaging 1.0 g/t gold. Again, this sampling was truncated within the shear zone due to intermittent flooding within the creek. However, the shear zone was visually observed for an additional 30 metres eastward.

Trench 4: 22 metres averaging 0.21 g/t gold including 12 metres averaging 0.32g/t gold. This trench was dug in order to test the hanging wall of the El Valle shear zone rather than to crosscut the main shear structure. A shear zone, which appears to be a sub-parallel or splay of the main shear, was encountered at the eastern end of this trench. Bedrock was not reached in all zones along this trench and intermittent lower grade sections relate to samples collected from the bedrock/alluvium transitional.

As expected, the surface width of the El Valle shear zone pinches and swells, and is locally cross cut by northeast-trending faults. The shear zone appears to dip shallowly to the northeast. Trenches 1 to 4 were excavated with a backhoe to a maximum depth of three metres (the limit of the backhoe). Due to variations in the overburden depth, some areas had to be hand trenched, and samples from these areas consist of sub-crop and alluvium rather than clean rock exposures. Gold values were typically lower, though still anomalous, in these sub-crop samples. The trench results above correspond to continuous 2 metre rock chip samples, which periodically included sampling of the sub-crop/alluvium interface, and represent a portion of the total surface width of the shear zone.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a current portfolio of four promising properties in mining-friendly Mexico and an aggressive project generation program focused on high-calibre, low-opportunity cost projects. 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

Barbara Henderson, Investor Relations Officer
604-568-5951
604-789-7689
bhenderson@sanmarcocorp.com

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

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

Forward Looking Information
Information set forth in this document includes forward-looking statements, such as: initial interpretation of geological observations; and, potential exploration plans and programs for the Cuatro de Mayo project. While these statements reflect management’s current understanding, plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. For instance, the execution of any exploration programs planned by the Company will be dependent upon the availability of both human and financial resources, both of which are presently limited. Furthermore, geological interpretations are open to revision as additional information becomes available. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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

CdM South Yields Signs of High Sulfidation Epithermal Gold Mineralization

By | 2014

Vancouver, B.C. – October 2, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has discovered the presence of alteration patterns consistent with high sulfidation epithermal-type gold deposits at its CdM South concession in the Cuatro de Mayo Project, Sonora State, Mexico. Furthermore, stream sediment sampling, using the bulk leach extractable gold (“BLEG”) technique, indicates the presence of gold coincident with this alteration.

In conjunction with its early reconnaissance work at CdM Central, San Marco geologists prospected at the CdM South concession where they discovered indications of high-sulfidation epithermal-style alteration including massive silicification and locally vuggy silica. Approximately 20% of the property was traversed, primarily along 3 creek drainages. Anomalous gold was detected in stream sediments over an 800 meter section of one stream in particular that occurs below highly silicified outcrops. Drainage flow indicates the origin of the gold is from the central area of the 3,336 hectare concession. In addition, fine gold was recovered locally from panning creek bed material. Although the Company’s collection of rock chip samples was very limited due to the rainy season, in the northern area of CdM South, chip sampling of a highly altered silicified outcrop returned 0.43 g/t gold.

The CdM South concession lies approximately 20 km from both the La India and Mulatos gold operations (owned by Agnico Eagle and Alamos Gold respectively), each of which are producing gold from high sulfidation epithermal deposits. CdM South is approximately 50 km southwest of the CdM Central block of concessions and the El Valle shear zone, which was the subject of a separate San Marco news release issued on September 29, 2014. A map showing the location of concessions comprising the Cuatro de Mayo property is available at www.sanmarcocorp.com.

Robert Willis, CEO of San Marco states “CdM South shows alteration patterns consistent with high sulfidation epithermal gold deposits, has returned anomalous gold in regional first-pass stream sediment sampling, and is in the vicinity of two operating mines producing gold from high sulfidation epithermal deposits. Our first pass evaluation of CdM South clearly indicates follow up work is warranted. This is the second highly prospective target we have identified within the CdM group of concessions over the last few months. San Marco has a top notch exploration team who continue to methodically field proof and prioritize targets.”

Cuatro de Mayo Background
The Cuatro de Mayo property comprises 18,564 hectares in three claim areas located approximately 160 km east of Hermosillo, Mexico; CdM Central (seven concessions), CdM East, and CdM South (one concession each). Numerous gold, silver and base metal showings and historic workings are known to occur in the Cuatro de Mayo property and surrounding area. These showings represent a variety of deposit types including epithermal gold and silver, structurally controlled stratabound gold, CRD-type (mantos, skarns) silver-lead-zinc showings, and mesothermal silver showings. Additional details are provided on the Company’s website www.sanmarcocorp.com and in San Marco’s news release dated May 14, 2014.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a current portfolio of four promising properties in mining-friendly Mexico and an aggressive project generation program focused on high-calibre, low-opportunity cost projects. 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
604-813-2606
rwillis@sanmarcocorp.com

Barbara Henderson
Investor Relations Officer
604-789-7689
bhenderson@sanmarcocorp.com

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

The CdM South stream sediment samples discussed in this document were assayed using the bull leach extractable gold (“BLEG”) assay technique, which is well suited for first-pass evaluation for the presence of gold anomalies over a large area, but which does not recover gold tightly held in compounds or physically encased on other minerals. As such, BLEG assay results are generally far lower than those obtained by fire assay. The samples discussed herein were prepared for analysis at.ALS Chemex facilities in Hermosillo and analyzed using Au-AA12, MS41L and MEICP41iL mothods at ALS Chemex in North Vancouver. San Marco’s sample collection, integrity, quality control and assurance procedures are in line with industry best practices and comply with National Instrument 43-101 requirements.

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

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

Gold-Bearing Oxidized Shear Zone Discovered at Cuatro de Mayo Project

By | 2014

Vancouver, B.C. – September 29, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) herein provides an interim report on its initial phase of confirmatory and early stage exploration work on the Cuatro de Mayo Project in eastern Sonora State, Mexico and concludes, based on its field observations to date, that additional reconnaissance level and follow-up prospecting and sampling are warranted.

San Marco geologists made numerous field visits to the Cuatro de Mayo property over the past several months to confirm the location of certain previously identified mineral showings. The purpose of this reconnaissance level evaluation was to determine which showings warrant additional sampling and prospecting aimed at delineating their dimension, continuity and mineralized grade. Significant areas of the Cuatro de Mayo property remain to be evaluated. However, based on promising early observations as well as ease of accessibility, the El Valle zone received additional follow up work in the past several months consisting of more detailed prospecting and sampling. Details are as follows:

The El Valle target is located in the CdM Central concession block (map available at www.sanmarcocorp.com). The goal of the Company’s initial investigation at El Valle was to confirm the presence of a previously-identified gold-bearing shear zone, collect samples across the shear zone, and trace its strike extent. The El Valle shear zone was located and traced for several hundred meters. It remains open in both directions. This shear zone strikes northwest and occurs at the contact between two volcanic units (an andesite agglomerate on the footwall and a volcanoclastic unit on the hanging wall). While the true width of the El Valle shear zone is yet unknown and is expected to vary along strike, its width on surface has been estimated to be up to 80 metres and it appears to dip to the northeast. Most importantly, where it has been sampled, the El Valle shear zone is highly oxidized and no sulphides have been observed.

San Marco initially collected semi-continuous rock channel samples from outcrop exposed in two creeks, 400 metres apart, that cross cut the shear zone. Results are as follows:

Creek 1: 18.1 metres averaging 0.43 g/t gold including 12.0 metres averaging 0.57 g/t gold near the western contact, and 14.2 metres averaging 0.90 g/t gold near the eastern contact. Approximately 10 metres of lower grade gold exists in the center section of the shear.

Creek 2: 9.1 metres averaging 1.0 g/t gold near the western contact. Additional sampling to the east was curtailed due to alluvium covering the sides of the creek.

These initial results as well as the apparent strike and width of the El Valle target prompted San Marco to undertake more systematic trenching across the shear zone. Four trenches were dug by hand and backhoe into highly altered and oxidized volcanic and volcano-sedimentary rocks, to a depth of up to 3 metres below surface. In some minor areas the overburden was too deep for the backhoe to reach the shear structure. The trenches range in length from 40 to 120 metres and cross the shear zone approximately perpendicular to its strike and well into its footwall/hanging wall contact zones. Rock channel samples were collected continuously along the length of each trench (except where the overburden depth prevented sampling), which will provide a more accurate evaluation of the mineral potential of the El Valle shear zone. Results from the El Valle trench sampling are pending and will be released promptly when available.

Robert Willis, CEO of San Marco states “While we are only at the very early stages of exploration at Cuatro de Mayo, we are excited by what we see on the property so far. We were initially attracted to this project by its proliferation of known mineral showings coupled with little to no previous exploration. We have been able to confirm the presence of many of these showings, and have yet to visit many others. We continue to see potential at Cuatro de Mayo and are excited to explore this property further.”

Cuatro de Mayo Background
The Cuatro de Mayo property comprises 18,564 hectares in three claim areas located approximately 160 km east of Hermosillo, Mexico; CdM Central (seven concessions), CdM East, and CdM South (one concession each). Numerous gold, silver and base metal showings and historic workings are known to occur in the Cuatro de Mayo property and surrounding area. These showings represent a variety of deposit types including epithermal gold and silver, structurally controlled stratabound gold, CRD-type (mantos, skarns) silver-lead-zinc showings, and mesothermal silver showings. Additional details, including the Cuatro de Mayo option terms, are provided in San Marco’s news release dated May 14, 2014.

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a current portfolio of four promising properties in mining-friendly Mexico and an aggressive project generation program focused on high-calibre, low-opportunity cost projects. 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

Barbara Henderson
Investor Relations Officer
604-568-5951
604-789-7689
bhenderson@sanmarcocorp.com

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

Samples discussed in this document were prepared for assay at ALS Chemex Lab in Mexico and assayed at their facility in Vancouver, BC. Assay methodology is as follows. A 30 gram split is analyzed for gold, using the Au-AA23 method. Sample results greater than 10 ppm are re-assayed, using AA23 fire assay and gravimetric finish. For silver, copper, lead and zinc, a multi-element, four acid digestion (ME – ICP 61) method is used. For initial assays of silver > 100 ppm, copper, lead and zinc > 10,000 ppm (over limits), the OG62 method is used for re-analysis. Blanks and certified standards are inserted into the sample stream as part of San Marco’s quality assurance and control program, which complies with National Instrument 43-101 requirements.

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

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

San Marco Discontinues Tecomate Project

By | 2014

Vancouver, B.C. – June 3, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has elected to discontinue all involvement at its Tecomate Project in Sinaloa State, Mexico.

San Marco had previously drilled two targets on the Tecomate Project (see news releases dated November 7, 2011 and January 12, 2012 available at www.sanmarcocorp.com). Upon careful consideration and in recognition of ongoing costs associated with continuing to hold the Tecomate property, the Company believes the results generated indicate neither sufficient size nor grade to warrant additional exploration expenditures.

Robert Willis, CEO of San Marco states “In light of the current challenging mineral exploration market and financing conditions, we are extremely conscientious of our cash position and believe our resources are better put to use on more promising projects in our portfolio, including our new Cuatro de Mayo property. We are currently delineating a surface exploration plan for Cuatro de Mayo that will focus on testing the continuity of known manto and skarn showings, and hope to have this exploration work underway in the coming weeks.”

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a current portfolio of four promising properties in mining-friendly Mexico and an aggressive project generation program focused on high-calibre, low-opportunity cost projects. 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 Barbara Henderson
CEO Investor Relations Officer
604-568-5951 604-568-5951
604-813-2606 604-789-7689
rwillis@sanmarcocorp.com bhenderson@sanmarcocorp.com

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

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

San Marco Acquires Cuatro de Mayo Project

By | 2014

Vancouver, B.C. – May 14, 2014: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) has signed an agreement (the “Agreement”) granting the Company an option to acquire a 100% interest in the Cuatro de Mayo Project in eastern Sonora State, Mexico, subject to regulatory approval including the approval of the TSX Venture Exchange.

The Cuatro de Mayo project comprises roughly 18,500 hectares in nine exploration concessions located 160 km east of Hermosillo, Mexico. The property hosts numerous styles of mineralization including: CRD-type (mantos, skarns) silver-lead-zinc showings; high-sulfidation epithermal volcanoclastic-hosted gold showings; and, mesothermal silver showings. Old mineral workings have been noted throughout the property. Surface channel sampling by San Marco at the entrance to one such historic working returned 124 g/t silver, 0.86 g/t gold and 4.7% lead over 9.5 m in one sample, and 197 g/t silver, 0.89 g/t gold, 7.1% lead and 0.22% zinc over 2.0 metres in a second sample. San Marco is in the process of prioritizing targets at the Cuatro de Mayo property and formulating an exploration plan in anticipation of drill target definition.

Robert Willis, CEO of San Marco states “The Cuatro de Mayo property provides San Marco with another prospective, low-opportunity cost exploration project with multiple known mineralization styles, and further enhances the Company’s existing portfolio of exploration properties in Mexico. Although Cuatro de Mayo is an early stage exploration opportunity, it has many of the hallmarks of other deposits in Mexico currently in operation and we look forward to thoroughly testing its potential.”

To acquire a 100% interest in the Cuatro de Mayo Project, San Marco must pay the property owners an aggregate of USD $2.0 million and issue them 50,000 common shares over five years (as per the schedule below), and pay all annual taxes on the concessions. The Agreement also grants the property owners a 3% net smelter returns royalty of which San Marco can purchase 1% for USD $1.5 million at any time and maintain a right of refusal for a third party sale on the entire royalty. A USD $500,000 bonus will be paid to the property owners if 1.0 million or more gold-equivalent ounces are defined in the Proven and Probable Reserve categories according to a NI 43-101 technical report.

Anniversary of Signing Common Shares of SMN Cash Payments (USD)
Upon signing 50,000
1 year $10,000
1.5 Year $10,000
2 years $10,000
2.5 Years $25,000
3 years $50,000
3.5 years $100,000
4 Years $200,000
4.5 Years $810,000
5 Years $785,000
Total 50,000 $2,000,000

About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company with a current portfolio of four promising properties in mining-friendly Mexico and an aggressive project generation program focused on high-calibre, low-opportunity cost projects. 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

Barbara Henderson
Investor Relations Officer
604-568-5951
604-789-7689
bhenderson@sanmarcocorp.com

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

Samples discussed in this document were prepared for assay at ALS Chemex Lab in Mexico and assayed at their facility in Vancouver, BC. Assay methodology is as follows. A 30 gram split is analyzed for gold, using the Au-AA23 method. Sample results greater than 10 ppm are re-assayed, using AA23 fire assay and gravimetric finish. For silver, copper, lead and zinc, a multi-element, four acid digestion (ME – ICP 61) method is used. For initial assays of silver > 100 ppm, copper, lead and zinc > 10,000 ppm (over limits), the OG62 method is used for re-analysis. Blanks and certified standards are inserted into the sample stream as part of San Marco’s quality assurance and control program, which complies with National Instrument 43-101 requirements.

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

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