SMN Sun Summit Minerals Corp

San Marco Resources Inc. (TSX VENTURE:SMN) has completed the second and final
tranche of its non-brokered private placement of units announced June 20, 2012
by selling 4,200,000 units at $0.10 per unit for gross proceeds of $420,000. The
placement was oversubscribed and a total of $720,000 was raised. The proceeds of
the placement will be used for continued drill target definition on San Marco's
100% owned Los Carlos II gold-silver property, drill target identification on
its recently acquired Angeles property, and general working capital. 


Each unit issued in the final tranche consisted of one common share and one
non-transferable warrant to purchase a further share for 24 months at $0.20.
After December 9, 2012, 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 will expire in 30 days.


Haywood Securities Inc. was paid a 6% finder's fee in cash or shares ($15,600
and 24,000 shares) in respect of certain investors that participated in the
final tranche. All shares, including shares issued on exercise of the warrants,
are subject to a four month restricted resale period expiring on December 9,
2012.


About San Marco Resources Inc.

San Marco Resources Inc. is a Canadian mineral exploration company engaged in
the acquisition, exploration and development of precious metal properties in
Mexico. San Marco is currently focused on its Angeles, La Buena and Los Carlos
properties, all of which are either drill ready or in preparation for drilling
in the near future. San Marco has a committed management team with extensive
experience in Mexico and a proven track record of building shareholder value.

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