Vancouver, B.C. – June 1, 2020: San Marco Resources Inc. (TSX-V: SMN) announces that it has completed its private placement announced on May 15, 2020. A total of 3,000,039 units at a price of $0.23 per unit were sold for gross proceeds of C$ 690,009. Each unit consisted of one common share and one share purchase warrant to purchase one common share for $0.30 until May 29, 2023. The shares issued and issuable under this private placement will be subject to a four month restricted resale period expiring September 30, 2020.