Capitan Mining Inc. provided update on Silver Zones at the Cruz de Plata Project. Jesus Maria Silver Zone: To date, several silver zones have been identified within a 2.5km mineralized trend at the 100% owned Cruz de Plata project, through prospecting, mapping, geophysics, trenching and drilling. The Jesus Maria (JM) Silver Zone is currently the most advanced target, where surface trenching and drilling has confirmed silver mineralization over a strike length of 1,300m and to a depth of about 200m below surface which remains open along strike to the southwest, northeast and down-dip to the south.

Gully Fault Silver Zone: The Gully Fault target is an important northeast trending cross-structure that can be traced for at least 1.5km across the property. The Gully Fault is significant in that it not only enhances the grade of mineralization at both the Jesus Maria Silver Zone and the Capitan Hill Gold deposit, it also hosts significant high-grade silver mineralization within its boundaries, especially where it intersects the Jesus Maria structure. Styles of Silver Mineralization: Work to date has identified two (2) distinct styles of silver mineralization: High-grade polymetallic Silver veins (Silver, gold, lead and zinc); High-grade silver with gold veins with low Arsenic.

Previously Released Drill Highlights from the Cruz de Plata Project Include: 21-JMRC-10: 16.8m of 332 g/t Silver Eq. including: 9.1m 538.7 g/t Silver Eq. which includes: 1.5m of 2,406.3 g/t Silver Eq.

JM-DDH-13-06: 11.8m of 333.9 g/t Silver Eq. including: 0.9m of 3,845.8 g/t Silver Eq., 21-JMRC-01: 42.7m @ 224.3 g/t AgEq including: 1.5m @ 1,352 g/t Silver Eq., 1.5m @ 1,177.2 g/t Silver Eq. 21-JMRC-03: 10.7m @ 435.02g/t Silver Eq.

including: 1.5m @ 789.3 g/t Silver Eq. 1.5m @ 860.2 g/t Silver Eq. 1.5m @ 641 g/t Silver Eq.

22-JMRC-22: 16.8m of 224.3 g/t Silver Eq., including: 3.0m of 978.7 g/t Silver Eq., which includes: 1.5m of 1,532.8 g/t Silver Eq. JM-DDH-14-24: 70.8m of 177.4 g/t Silver Eq. including: 7.15m of 1,087.2 g/t Silver Eq.

JM-DDH-13-07: 4m of 545 g/t Silver Eq. including: 2m of 1,006.9 g/t Silver Eq. JM-DDH-14-10: 40.6m of 167.1 g/t Silver Eq.

including: 4.25m of 828.2 g/t Silver Eq.