San Marco Resources Inc. (TSX VENTURE:SMN) is pleased to announce it has signed
an agreement with Golden Minerals Company (AUMN: NYSE Amex) (AUM: TSX) to
acquire a 22 hectare concession adjacent to San Marco's wholly-owned La Buena
gold-silver project in Mexico. The terms of the purchase are:




--  Payment of US$ 25,000; 
    
--  Issuance of 100,000 shares upon receipt of TSX Venture Exchange
    approval; and 
    
--  Sliding scale net smelter returns royalty of 1.5% - 2.5% depending on
    gold price between US$ 800 and US$ 950 per ounce. 
    



The concession will be considered part of La Buena project acquired from Golden
in January 2010 for the purposes of determining whether the project contains
more than 1.25 million gold equivalent ounces (in reserves and measured and
indicated resources) whereupon a further US$ 1 million payment must be made to
Golden pursuant to the January acquisition. Payment may be cash or shares at San
Marco's election.
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