SMN Sun Summit Minerals Corp

San Marco Resources Corp. (TSX VENTURE:SMN) announces that it has arranged a
non-brokered private placement of 5,000,000 units at $0.20 per unit for gross
proceeds of $1,000,000.


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 two years at a price of $0.45. The warrant will provide that if the
closing price of the Company's shares exceeds $0.75 per share for 20 consecutive
trading days after the four month restricted resale period expires, the Company
may give notice to the warrant holders that the warrants must be exercised or
the warrants will expire in 30 days. The placement is subject to regulatory
approval and will close June 20, 2011.


Finders' fees equal to 6% of the gross proceeds may be paid cash or shares. The
size of the placement may be increased, or reduced, at the Company's option and
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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