El Capitan Precious Metals : Supreme Court of Nevada — Dismisses Daniel Martinez’s Appeal

August 16, 2021 - Las Vegas, Nevada - El Capitan Precious Metals, Inc. (OTC/QB: ECPN) Chairman Doug Sanders confirmed today that the pending appeal filed by former Board member Danny Martinez has been dismissed by the Supreme Court of the State of Nevada.

Sanders stated that 'as I bring this Business Update to you today, I can't help but remember the email I received a month or two ago from a very disgruntled shareholder who warned me that I was 'creating a lot of legal issues for ECPN' and that I should 'just wait for the Supreme Court decision, and we'll have Danny back in charge.'' As of August 12, 2021, the Supreme Court of Nevada has dismissed Danny Martinez's appeal. The court ruled that 'the appellant did he seek to intervene' and 'is not a party with standing to appeal.' And that, 'accordingly, because this court lacks jurisdiction, we ORDER this appeal DISMISSED.'

According to Sanders, 'It's been nearly 10 months of Danny's attempts to thwart our forward progress-by seeking to void the court order to hold an election, stopping the election, voiding the election results, appealing the court's decisions when his motions and appeals were dismissed… and, finally, this last Supreme Court appeal. If he and his fellow Board members had only put that much effort into initiating rather than stopping forward progress, ECPN might not be in the dire straits in which we find ourselves today.'

'The bottom line,' said Sanders, 'is that we have, once again, a court-ordered mandate so we can confidently move on-at last.'

On that note, Chairman Sanders reports that communications with and coordination efforts among several entities are in progress related to multiple production components ranging from foreign and domestic buyers for iron ore and PMs (Precious Metals), mining operations, rail services, trucking, and ocean freight carriers. 'With iron prices hitting near all-time highs in the past months, I am optimistic that our timing may be very good in pursuing options for generating cash flow,' stated Sanders. He will continue to report updates on progresses via Business Updates to the El Capitan
website.

Other areas on which Sanders has focused his attention include paying annual mining claim permit fees on the New Mexico property so that they are not lost and addressing the three years of delinquent real estate taxes due on the house at the mine site.

'This all takes money,' said Sanders, 'and we should all be grateful to the shareholders who have stepped up with financial contributions that have helped with legal fees, permits, and basic operating expenses.' He added: 'I have told these contributors that, when we have cash flow and profitability, they will be generously reimbursed.' Sanders has made a commitment to ECPN to cover critical expenses personally, if needed. 'We cannot-and will not-lose our claims on my watch,' he stated.

Chairman Doug Sanders welcomes questions from shareholders
He can be reached at:
[e-mail]
Media Relations Contact: Mona Gambetta [e-mail]

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