Vancouver, B.C. – November 21, 2019: San Marco Resources Inc. (TSX-V: SMN) (“San Marco” or the “Company”) has completed the sale of 3,738,334 units at $0.12 per unit for gross proceeds of $448,600 under its non-brokered unit private placement announced September 26, 2019. Each unit was comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for the first two years and $0.25 for the third year. The Company paid 6% finders fees in cash ($12,096) or units (24,000) and 6% finder warrants (124,800), each finder warrant exercisable to purchase one share for $0.12 for one year, to Haywood Securities Inc., Canaccord Genuity Corp. and PI Financial Corp.