San Marco Resources Inc. (TSX VENTURE:SMN) announces that in response to
over-subscriptions it has increased its non-brokered private placement from
4,000,000 to 5,100,000 units at $0.35 per unit for gross proceeds of $1,785,000.


Each unit will consist of one common share and one-half of a non-transferable
warrant, each whole warrant being exercisable to purchase a further share for a
period of 18 months at a price of $0.55. If, after the four month anniversary of
closing the placement, the closing price of the Company's shares on the TSX
Venture Exchange for 10 consecutive trading days equals or exceeds $1.00 per
share, the Company may accelerate the expiry of the Warrants to 20 trading days
after notice thereof to the warrant holders.


Finders' fees of 6% may be paid (in cash) to eligible finders and brokers for
introducing investors to the placement. The placement is subject to regulatory
approval.


The proceeds of the placement will be used for continued exploration on its
Mexican gold-silver properties Tecomate and La Buena, and for general working
capital.
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