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Vancouver, B.C. — July 18, 2012: San Marco Resources Inc. (SMN: TSX — V) has completed the first tranche of its non-brokered $700,000 private placement of units announced June 20, 2012 by selling 3,060,000 units at $0.10 per unit for gross proceeds of $306,000. 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 consisted of one common share and one non-transferable warrant to purchase a further share for 24 months at $0.20. After November 12, 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.

Finders’ fees of 6% were paid in cash or shares to Haywood Securities Ltd. ($360 and 9,000 shares) and Leede Financial Markets Inc. ($2,400). All shares, including shares issued on exercise of the warrants, are subject to a four month restricted resale period expiring on November 12, 2012.

Subsequent to closing the first tranche San Marco increased the one-half warrant contained in each unit (including the units sold in the first tranche) to one whole warrant. The second and final tranche of the placement is expected to close shortly.

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.

For further information contact:

Robert D. Willis
Chairman & CEO
604-813-2606
[email protected]

Michael Mallard
V.P. Corporate Communications
604-506-3776
[email protected]


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


                                                                                                                   

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.