San Marco Resources Inc.
TSX VENTURE : SMN

San Marco Resources Inc.

December 04, 2013 06:08 ET

San Marco Resources Announces Board and Management Appointments and the Continuation of Drilling at La Buena Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 4, 2013) - San Marco Resources Inc. (TSX VENTURE:SMN) ("San Marco" or the "Company") is pleased to announce that additional drilling is planned at La Buena and likely to continue prior to the Christmas break with results expected in Q1 2014. San Marco is also pleased to announce the appointments of Mr. Andrew B. Carstensen as a Director and Sophie Taylor as Manager, Corporate Communications.

Andrew Carstensen is a professional geologist who has over 30 years experience in mineral exploration within both major mining and junior exploration sectors. He is currently the Vice President, Exploration for Lumina Copper and is responsible for the exploration of copper, gold and molybdenum resources at their Taca Taca project in northern Argentina. Exploration at Taca Taca led to significant expansion of resources, and the project now ranks one of the largest undeveloped copper projects in the world. Mr. Carstensen is also Vice President Exploration with Anfield Nickel Corp and responsible for delineating resources at one of the largest undeveloped nickel laterite deposits in the world, the Mayaniquel Project in Guatemala.

Prior to these current positions, Mr. Carstensen has a long history with the founding members of San Marco Resources with senior management roles at Geologix Exploration and Manhattan Minerals. His responsibilities included the oversight of all exploration work with the company's project portfolio, namely precious-metal and VMS deposits in the Americas; Mexico, Peru and Nevada - as well as generative work to identify and acquire additional assets.

Earlier in his career, Mr. Carstensen held geological positions with Western Gold Exploration, Noranda and Newmont Exploration. His reconnaissance work in designing and implementing exploration programs resulted in numerous prospect acquisitions, some of which were the subject of advanced exploration and discovery.

Mr. Carstensen holds BA and MS degrees in Geology from the University of Montana and is a Certified Professional Geologist with AIPG.

Sophie Taylor has over 18 years direct experience in corporate communications, most recently as Manager, Investor Relations / Corporate Communications at KGHM International (formerly, Quadra FNX /Quadra Mining) From the IPO in 2004 until its acquisition by KGHM Polska Miedz SA in 2012, Ms. Taylor was directly involved in messaging an aggressive business strategy to the investment community. Through mergers, acquisitions and discovery, the company grew its asset base and matured from a junior mining company to a global industry player.

Prior to working at KGHM International, Ms. Taylor worked as Manager, Investor Relations with Winspear Diamonds Inc. where she was an integral participant in the communications strategy prior to and during the purchase of Winspear by De Beers in 2001 for $350 million.

Mr. Robert Willis, CEO states; "We are delighted to have Mr.Carstensen join the San Marco Board. His expertise, along with our other board members, creates a team which will allow the company to be in the forefront of discovery and development of the mineral properties in our areas of focus. Ms. Taylor's experience will support the executive as we message our activities and broaden our market presence."

About San Marco:

San Marco Resources Inc. is a Canadian mineral exploration company aggressively pursuing three promising projects in mining-friendly Mexico. San Marco is currently focused on its Angeles, La Buena and Los Carlos properties, all of which have either been drilled in 2013, or are being explored 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.

This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward-looking statements"), which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. These forward-looking statements are made as of the date of this news release. San Marco Resources Inc. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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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