CAPITAN MINING DRILLS 1,352 GT SILVER EQ OVER 1.5M AND 1,177 GT SILVER EQ OVER 1.5M WITHIN 42.7M OF 224.3 GT SILVER EQ AT JESUS MARIA SILVER DEPOSIT, PENOLES PROJECT

Vancouver - Capitan Mining Inc. (TSXV: CAPT) ('Capitan' or the 'Company') is pleased to report results from its 2021/22 Phase I drill program at the Jesus Maria polymetallic Silver Deposit, at the Penoles project, Durango, Mexico.

About the Jesus Maria Silver Deposit

The Jesus Maria (JM) silver deposit is located approximately 280m to the northeast of the Capitan deposit. It has been traced by surface trenching and diamond drilling over a strike length of 750m and to a depth of 150m, with the majority of drilling focused over 250m strike length and less than 100m below surface.

The Jesus Maria Silver deposit has a long mining history going back to the late 1800's, when the Penoles Mining company constructed several shafts and drifts to exploit the high-grade silver veins in the area. In recent years, work programs conducted by previous operators has demonstrated significant potential at the Jesus Maria silver deposit.

About Capitan Mining Inc.

Capitan Mining is a well-funded junior exploration company focused on its 100% owned gold and silver Penoles Project in Durango, Mexico. The company is led by a management team that has successfully advanced and developed several heap leach operations in Mexico over the past 16 years.

Contact:

Alberto Orozco

Tel: [phone]

Fax: [phone]

Email: [e-mail]

Web: www.capitanmining.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., 'expect',' estimates', 'intends', 'anticipates', 'believes', 'plans'). Such information involves known and unknown risks-including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Capitan in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

(C) 2022 Electronic News Publishing, source ENP Newswire