San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of exploration-stage projects in Canada and Mexico, including the flagship Buck Project located in central British Columbia.

1. A Canadian mineral exploration
company, focused on developing a
resource at the Buck Project located
in central British Columbia.
APRIL 2020| SANMARCOCORP.COM | TSX-V: SMN

2. 2APRIL 2020
FORWARD LOOKING STATEMENTS
Forward-Looking Information
Statements contained in this presentation that are not historical facts are forward-looking statements, which 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. Except as required by applicable securities regulation, San Marco Resources Inc. (SMN) disclaims any
intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
National Instrument 43-101 Disclosure
This presentation has been approved by San Marco's Executive Director, Robert D. Willis, P. Eng. a "Qualified Person" as defined in National
Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Other than the historical information, Mr.
Willis has verified the technical information contained in this presentation. This Presentation includes technical information that was generated prior
to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of
this historical technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not
been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.
Quality Assurance & Quality Control
San Marco has implemented a quality assurance and quality control programs to ensure sampling and analysis of all exploration work is conducted in
accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established
sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of
sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of
samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling,
storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample
security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

3. 3
MANAGEMENT & DIRECTORS
R. Stuart (Tookie) Angus
Chairman and Director
Former head of Global Mining Group at
Fasken Martineau. Former director of First
Quantum Minerals, Canico Resources,
Bema Gold, Ventana Gold & Nevsun.
Robert D. Willis, B.Sc., P.Eng
Executive Director
Geological engineer; founder of Geologix
Resources, Manhattan Minerals and Pioneer
Metals.
Andrew Carstensen, P.Geo
Director
Vice President Exploration at Luminex
Resources and Chief Geologist for Lumina Gold.
Craig B. Prenter, CGA, CPA
Director
Partner at Manning Elliott LLP, Accountants
& Business Advisors.
Brian Lock
Director
Director of Castle Peak Mining and CEO
& Director of Scorpio Gold.
Sharyn Alexander, M.Sc., ADGIS
Vice President, Technical Services
Geologist with over 15 years of experience.
Prior experience includes positions at
B2Gold, Barrick Gold (Australia), and
SRK Consulting.
Fernando J. Costa, CPA, CA
CFO
Assurance partner of Manning Elliott LLP.
Michael F. Provenzano, LLB
Corporate Secretary & Legal Counsel
Partner at Manning Elliott LLP, Accountants
& Business Advisors.
COMMITTED MANAGEMENT TEAM WITH EXTENSIVE EXPERIENCE,
A PROVEN TRACK RECORD IN RESOURCE DISCOVERY & BUSINESS DEVELOPMENT,
A FOCUS ON ENVIRONMENTAL AND SOCIAL RESPONSIBILITY APRIL 2020

4. 4
SHARE STRUCTURE AS OF FEBRUARY 20, 2019
Outstanding Shares 32,890,731
Warrants (1.) (2.) 7,095,186
Options (3.) 3,066,667
Fully Diluted 43,052,584
Cash and Receivables ~$900,000 CDN
Debt None
52 week high/low $0.25/$0.09
Insider Ownership 15%
(1) 3,738,334 units at a price of $0.12 per unit. 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.
(2) 2,906,852 units at a price of $0.135 per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant
entitles the holder to purchase one common share for $0.20 until February 19, 2023. If, after June 19, 2020, the closing price of San Marco’s shares is at least $0.40 per
share for 10 trading days, San Marco may accelerate the expiry of the warrants to 30 calendar days after the expiry of that 10 trading day period.
(3) Options are exercisable at prices varying from $0.18 to $0.60 per share.
APRIL 2020

5. 5
 100% optioned, 15,000 ha
property near Houston, B.C.
 Potential bulk tonnage
gold/silver/zinc
exploration target
 Year-round exploration,
excellent road access
 Phase 1 drilling of 1,806 metres
completed
 Initial logging suggests a large,
highly altered gold/silver/zinc
volcanic breccia system, open in all
directions
 Multiple unexplored targets within
tenure package
BUCK PROPERTY AT A GLANCE
APRIL 2020

6. 6
BUCK PROPERTY STRATEGIC LOCATION
 Mining and exploration friendly jurisdiction
 Year-round exploration
 Developed infrastructure nearby
 Well defined permitting process
 Local, experienced workforce
 Close proximity to Equity Silver Mine, Endako (Centerra Gold)
Huckleberry (Imperial Metals Corporation)
APRIL 2020

7. 7
 Large 15,000 ha property
 Surface footprint of target area is that
of a large, altered volcanic breccia
system with widespread gold, silver,
and zinc mineralization
 Mineralization open in all directions
 Multiple unexplored targets within
the property
 Most historic drill holes are <175 m in
length, ending in mineralization, thus
the system was not tested to depth,
where it clearly remains open.
BUCK PROPERTY OVERVIEW
APRIL 2020
CURRENT
DRILLING
AREA
Airborne Geophysics (TMI) from HDI
EXPLORATION
TARGET
EXPLORATION
TARGETS
EXPLORATION
TARGETS

8. 8APRIL 2020
 1,806 metres of diamond drill core
over a total of five holes
 Drill holes were mostly HQ in size and
oriented
 Three drill holes were collared in the
Horseshoe Zone
 Two drill holes approximately 300
metres to the northwest in the Adit
Zone
BUCK PROPERTY PHASE I DRILL PROGRAM

9. 9
BUCK PROPERTY PHASE I DRILL HIGHLIGHTS
APRIL 2020
 All five drill holes intersected
mineralization from surface
 Three of the five holes intersected
mineralization to depths in excess of
400 metres, which is approximately
150 metres below historic drilling
depths
 Mineralization is hosted in highly
altered and fractured volcanic breccias
as disseminations, veins/veinlets, and
mineralized fractures
 Initial logging consisted with highly
altered gold/silver/zinc hydrothermal
system, open in all directions

10. 10APRIL 2020
 Comparable Geology:
 Blackwater Gold Project
 Located ~170 km SE of Buck in
Central British Columbia
 Proven and Probable Mineral
Reserves total 344.4 Mt grading
0.74 g/t Au and 5.5 g/t Ag
 Similar geology and alteration
(Source: NewGold Summary of Mineral Reserve and Mineral
Resources, December 31, 2019)
BUCK PROPERTY ANALOGUE

11. 11
BUCK PROJECT GO FORWARD EXPLORATION DESIGN
APRIL 2020
 Potential bulk tonnage at and near
surface deposit, containing discrete
high grade zones
 Distribution of high-grade
mineralization very likely controlled by
brittle structures and rock types
receptive to brecciation / veining
 Initial Phase 1 drill program focused on
better understanding these controls
and their distribution in the system
 Phase 2 drill program will focus on step
out drilling expand the mineralized
footprint and target high grade zones

12. 12
BUCK PROJECT NEAR TERM EXPLORATION STRATEGY
APRIL 2020
 Review assays for Phase 1 drill holes once
received
 Petrology and metallurgy – expect good
overall metallurgical response
 Investigate controls on high-grade Au
mineralization including alteration and
structure
 Historic data compilation and systematic
analysis
 Utilize knowledge gained from Phase 1
drilling to identify additional high-priority
targets on the property
 Focus on environmental and social
responsibility to generate positive
outcomes for all stakeholders

13. Corporate Inquiries:
Robert Willis, B.Sc, P.Eng.
Executive Director
rwillis@sanmarcocorp.com
APRIL 2020| SANMARCOCORP.COM | TSX-V: SMN
Corporate Office:
Suite 488 – 625 Howe St
Vancouver, BC, V6C 2T6
Sharyn Alexander, M.Sc.
Vice President, Technical Services
salexander@sanmarcocorp.com

14. 14
ACQUISITION TERMS TO EARN 100%
 Upon signing at Exchange approval (“Effective Date”):
$25,000 cash | 250,000 shares of San Marco
 First Anniversary:
$25,000 cash | 400,000 shares of San Marco
 Second Anniversary:
$25,000 cash | 500,000 shares of San Marco
 Third Anniversary:
$25,000 cash | 750,000 shares of San Marco
 Fourth Anniversary:
$50,000 cash | 1,000,000 shares of San Marco
 Fifth Anniversary:
$150,000 cash | 1,100,000 shares of San Marco
An additional 4,000,000 shares of San Marco is payable upon the earlier of completion
of a bankable feasibility study or the eighth anniversary of the Effective Date.
MARCH 2020