Capitan Mining Drills 1.5m of 488.9 gt Silver Eq and 1.5m of 328.2 gt Silver Eq within Wider Intervals and Provides Exploration Update for Jesus Maria Silver Zone

Vancouver - Capitan Mining Inc. (TSXV: CAPT) ('Capitan' or the 'Company') is pleased to report continued exploration results from three (3) reverse circulation (RC) drillholes, as well provide an exploration update on the progress to date at its 100% owned Jesus Maria Silver Zone, at the Cruz de Plata Project (Formerly referred to as Penoles), Durango, Mexico.

Highlights

Hole 22-JMRC-12: returned two high-grade intervals of 1.5m of 488.97 g/t AgEq and 1.5m of 328.25 g/t AgEq within 21.3m of 143.59 g/t AgEq

Hole 21-JMRC-07: returned 1.5m of 427.62 g/t AgEq within 22.9m of 76.98 g/t AgEq

Capitan Mining publishes first long section of Jesus Maria Silver Vein

Mineralization has been confirmed over 800m of strike length, with drilling continuing to confirm high-grade mineralization at depth

Assays are pending for 9 RC drill holes from the Jesus Maria zone, with 8 drilled to test down-dip extension of the vein

Step-out and Infill holes Continue to Confirm Continuity of High-grade Mineralization

The drill holes reported herein consist of both infill and step-out holes targeting the continuity of high-grade mineralization and the expansion of Jesus Maria style mineralization at depth.

Drillholes 22-JMRC-11 and 12 were both infill holes, targeting the eastern and western extents of high-grade mineralization associated with the Gully Fault, as shown on the long section below. 22-JMRC-11 intersected mine workings at the interpreted depth of high-grade mineralization associated with the Gully Fault and returned several zones of generally narrow mineralization thereafter at depth. Hole 22-JMRC-12 returned a stronger zone of high-grade mineralization near surface consisting of 21.3m of 143.59 g/t AgEq, including 1.5m of 488.97 g/t AgEq and 1.5 of 328.25 g/t AgEq. Of note, the high-grade intersections in hole 22-JMRC-12 extended the boundary of high-grade mineralization northeast along the Gully Fault structure and not along the Main Jesus Maria Vein (long section below), which trends east-west. The technical team is in the process of generating a long-section for the Gully Fault, as well as other sub-parallel zones at Jesus Maria.

Drillhole 22-JMRC-07 was a step-out hole that was designed to extend the Jesus Maria zone to depth, along section. The hole successfully intersected the Jesus Maria zone at 112.8m downhole, returning 22.9m of 76.98 g/t AgEq including 1.5m 427.62 g/t AgEq and extending the zone down-dip approximately 25m.

Exploration Update: Drilling at Jesus Maria Continues to Define High-Grade Silver Mineralization and Extend Zone at Depth

The Jesus Maria vein is part of a larger trend of silver-mineralized veins that occur on a 3-km east-northeast trend, between the zones of Jesus Maria and San Rafael, with most of that trend covered by the Capitan Mining mineral concessions.

About the Jesus Maria Silver Project

The Jesus Maria (JM) Silver Project is located approximately 280m to the northeast of the Capitan's Oxide Gold deposit on its 100% owned Cruz de Plata property. It has been traced by surface trenching and diamond drilling over a strike length of 800m and to a depth of 200m, with the majority of drilling focused over 475m of strike length and less than 150m below surface.

The Jesus Maria Silver Project 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.

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