San Marco Resources Inc. (TSX VENTURE:SMN) announces that it has arranged a
non-brokered private placement of 5,000,000 units at $0.10 per unit for gross
proceeds of $500,000. 


Each unit will consist of one common share and one-half of a non-transferable
warrant, each whole warrant exercisable to purchase a further share for 18
months at $0.20. After the four month restricted resale period expires, the
expiry of the warrants may be accelerated if the closing price of the Company's
shares exceeds $0.40 per share for 20 consecutive trading days and the Company
gives notice to the warrant holders that the warrants must be exercised or the
warrants will expire in 30 days. 


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. 


The placement is expected to close on January 11, 2012.
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