San Marco Resources Inc. (TSX VENTURE:SMN) announces that it has completed a
non-brokered private placement of 2,133,334 units at $0.15 per unit for gross
proceeds of $320,000. Finders' fees equal to 6% of the gross proceeds were paid
in cash or shares. The shares issued in the placement, and any shares issuable
on exercise of the warrants, are subject to a four month restricted resale
period expiring on July 9, 2012.


Each unit consisted of one common share and one-half of a non-transferable
warrant, each whole warrant exercisable to purchase a further share at $0.30
until September 9, 2013. After July 9, 2012, the expiry of the warrants may be
accelerated if the closing price of the Company's shares exceeds $0.50 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.


The proceeds of the placement will be used for continued exploration on its
Mexican gold/silver property Los Carlos and for general working capital.
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