San Marco Resources Inc. (TSX VENTURE: SMN) announces that it has completed its private placement announced June 6, 2011. The placement was oversubscribed by $314,000 resulting in San Marco selling 6,570,000 units at $0.20 per unit for proceeds of $1,314,000. Finders' fees of $64,260 (6%) were paid in respect of some of the subscriptions.

Each unit consisted of one common share and one-half of a non-transferable warrant, each whole warrant being exercisable to purchase a further share until July 6, 2013 at a price of $0.35. The warrants provide that if the closing price of its shares exceeds $0.70 per share for 20 consecutive trading days after November 6, 2011, San Marco may give the warrant holders notice that the warrants must be exercised within 30 days or the warrants will expire.

The shares and any shares issued on the exercise of the warrants are subject to restrictions on resale until November 7, 2011.

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.

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

Contacts: San Marco Resources Inc. Robert D. Willis Chairman & CEO 604-813-2606 rdwillis@telus.net San Marco Resources Inc. Mike Mallard V.P. Corporate Communications 604-506-3776 604-568-5971 (FAX) mmallard@sanmarcocorp.com www.sanmarcocorp.com

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