Exploration Update November 2016

Cautionary 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. 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 news release has been approved by San Marco's CEO, 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. 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.

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Investment Highlights • Management: Proven track record — — —

Building shareholder value Extensive exploration success in Mexico Financing

• Sonora: Prolific mining district — — —

Mining friendly jurisdiction Good infrastructure Can work year round

• Property Portfolio — — —

Chunibas Property: Drill ready Mariana property : early stage , large land position Project Generation o

o

High caliber - low cost acquisition opportunities Partnership with GlobeTrotters Resource Group

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Properties

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Chunibas Project • Size: 470 hectare concession

• Minerals: Gold, Silver, Copper • Target: Intrusive hosted shear structures , quartz/carbonate/ pyrite alteration —

10 – 40 m wide structural corridors of + 1g/t Au.

• Stage: Drill Ready • Ownership: 100%

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Chunibas – Geochemistry & Geology

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Chunibas – Historic Drill Hole Results DH

From [m]

To [m]

Interval [m]

Au [g/t]

ARG 1

1.50

21.30

19.80

1.1

65.50

88.40

22.90

2.0

ARG 2

61.00

67.10

6.10

1.2

ARG 3

19.80

35.00

15.20

2.8

incl:

25.90

35.00

9.10

4.6

ARG 4

0.00

13.70

13.70

1.0

ARG 5

9.10

53.30

44.20

0.2

ARG 7

12.20

15.20

3.00

0.9

ARG 8

0.00

42.60

42.60

1.0

Incl:

12.20

42.60

30.40

1.3

ARG 9

35.00

38.00

3.00

1.7

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Please refer to disclosure on page 2 – technical information generated prior to NI43 -101 requirements

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Chunibas – Proposed Soil Samples

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Mariana Project

• Size: 72,820 hectares • Minerals: Gold, Silver, Copper • Target: Epithermal low sulphidation • Stage: Early stage • Ownership: 100%

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Oregano & Corral – Rock, Soil Au Geochemistry Oregano

Corral

Oregano Corral

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Oregano –

Vein Texture & Mineralization

lattice-bladed texture

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Qtz. Vein 3m @ 0.25 g/t Au SMN.V

cockade texture

Qtz. Vein 11

Oregano –

Rock Geochemistry

3m @ 1.59 g/t Au & 34.7 g/t Ag

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Pipeline: Globetrotters/SMN Partnership Objective: Identify and acquire properties with hydrothermal systems defined by larger alteration zones using San Marco’s/GlobeTrotters proprietary database. • GlobeTrotters Resource Group Inc. (Private) —

Using its proprietary database, have successfully identified new porphyry systems in Peru.

—

SMN has exclusivity to use G.T. database which has been completed over the entire state of Sonora, Mexico

• Over 8 months of investigation resulted in: —

1400 targets identified ➔300 ➔160 to 60

—

Numerous areas under initial field investigation

—

Acquisitions beginning - expect more over the next few months

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Sonora, Mexico – Generative Program • First 2 months of field work

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Identified 2 untested telescoped porphyry systems ; one with phyllic alteration / hydrothermal breccias. Second with potassic/phyllic alteration/multiphase intrusive/leach cap.

—

Identified 1 possible high sulphidation system – quartzalunite alteration – vuggy silica.

—

Detailed mapping, sampling, spectral studies warranted on all 3 targets

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Target: # 1062 • Commodity: Gold, Silver, Copper

• Size: 9040 hectares (Appl.)

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Discovered porphyry system under a barren lithocap

—

Discovered quartz/sericite/pyrite hydrothermal breccia

—

No indication of previous sampling

—

Additional detailed property wide exploration warranted

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Target: # 1062 –

Geology & Sampling

Target # 1062

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Target: # 1068 • Commodity: Gold, Silver, Copper

• Size: 1800 hectares (Appl.)

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Potassic altered rocks surrounded by phyllic/clay altered area ; leached cap over part of the area.

—

Multi –phase porphyry system, diorite to dacite porphyry units.

—

Rock chip and spectral analysis samples submitted to the lab.

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Target: Aqua Zarca

• Commodity: Gold, Silver • Size: 4309 hectares (Appl.) —

Highly prospective for low sulphidation epithermal mineralization

Sandstone. Fine grained texture. Crackle breccia zone. Weak to moderate silicification. 1-2% FeOx filling open spaces.

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Target: Agua Zarca –

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Geology & Sampling

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Target: La Pitahaya

• Commodity: Gold, Silver, Copper • Size: 12,618 hectares (Appl.) —

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Opportunity for porphyry and epithermal mineralization

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Plans Moving Forward ▸ Chunibas —

Detailed sampling and mapping

—

Property wide soil sampling grid

—

Drill program

▸ Generative

program

—

Commence additional field work on discovery targets

—

Continual evaluation process of additional targets

▸ Pursue

Joint Venture partners

▸ Corporately —

Build exploration team

—

Increased marketing

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Corporate Snapshot Shares Outstanding Warrants Options Fully Diluted (As of Oct 2016) Insiders & Founders GlobeTrotters

46.3 M 16.3 M 3.1 M 65.7 M ~16% ~ 5%

Recent Share Price $ 0.18 Market Capitalization $ ~8.3 M Board of Directors R. Stuart (Tookie) Angus Robert D. Willis, B.Sc., P.Eng William H. Myckatyn Brian Lock Craig B. Prenter, CGA, CPA Andrew B. Carstensen, P.Geo. Advisory Board Richard Osmond P.Geo (President of GlobeTrotters) www.sanmarcocorp.com SMN.V

Financial information above is from the Company’s May 31st, 2016 Financial Statements and are expressed in Canadian Dollars. To read the full financial statements, please visit the Company’s website at www.sanmarcocorp.com

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704-595 Howe Street Vancouver BC V6C 2T5 Robert Willis, CEO [email protected] Nancy Curry, Corporate Development [email protected]

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Detailed Share Structure SYMBOL

SMN.V

Issued and Outstanding

46,281,,082

Options *

3,110,000

Warrants**

16,311,000

Fully Diluted

65,702,082

Insider Holdings

~16%

*Options are exercisable at prices varying from $0.10 to $0.65 per share. **8,781,000 warrants exercisable at C$0.10 until January 28, 2017, and then C$0.15 until January 28, 2018. 1,430,000 warrants exercisable at C$0.05 until October 16, 2018. 6,100.000 warrants exercisable at C$0.05 until April 22,2017, and then C$0.10 until April 22, 2018 and then for C$0.15 until April 22, 2019. As at Oct 28th, 2016. www.sanmarcocorp.com SMN.V

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Directors R. Stuart (Tookie) Angus (Chairman of the Board) •

Independent business advisor to mining industry; former head of Global Mining Group at Fasken Martineau, past or present director of numerous successful mining ventures.

Robert D. Willis, B.Sc., P.Eng. (Chief Executive Officer and President) •

Geological engineer; founder of Geologix, Manhattan Minerals and Pioneer Metals; former mine operator.

William H. Myckatyn •

Mining engineer; co-founder of Quadra Mining; director of OceanaGold, First Point Minerals and Delta Gold.

Brian Lock •

Founder of Proton International Engineering Corp.; Chairman of Castle Peak Mining and director of Scorpio Gold.

Craig B. Prenter, CGA, CPA •

Partner at Manning Elliott, Accountants & Business Advisors

Andrew B. Carstensen, P.Geo, AIPG •

Geologist; VP Exploration of Anfield Nickel Corp; former senior manager exploration at Lumina Copper, Geologix and Manhattan Minerals.

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