Vancouver, B.C. – June 29, 2020: San Marco Resources Inc. (TSX-V: SMN) announces it has arranged a non-brokered private placement consisting of: (i) “charity flow-through” Units at a price of $0.34 each (the “Charity FT Unit Offering”) and (ii) “flow-through” Units at a price of $0.26 each (the “FT Unit Offering” and, together with the Charity FT Unit Offering, the “Offering”) for gross aggregate proceeds of $2 million. Eventus Capital Corp. has been appointed as a finder in connection with the Offering and will be paid a 7% cash fee and issued that number of compensation warrants (having the terms described below) equal to 7% of the Units sold.