37,400,000 Tons of Inferred Gold and Platinum Resource; Boundaries of the Deposit Are Open in All Directions; Preliminary Results Indicate the Potential of a Substantially Higher Grade of Resource (Verification in Progress).

Publication: Business Wire

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COPYRIGHT 2005 Business Wire

SCOTTSDALE, Ariz. -- El Capitan Precious Metals, Inc. (OTCBB: ECPN) reports: El Capitan Precious Metals, Inc. announced that the completion of Stage II drilling on its El Capitan property in Lincoln County, New Mexico, significantly expanded the mineralized resource. The resource identified in Stage II of 37.4 million tons is more than triple the resource identified in Stage I.

The Resource Calculation Report produced by Clyde L. Smith, Ph.D., P.Eng. states: "At this stage, the deposit is open in all directions. First, the deposit is open at depth.... The deposit is also open in all horizontal directions.... It can be concluded that the El Capitan deposit provides excellent exploration potential."

Upon Dr. Smith's recommendation, the Company has significantly expanded its claims from the original 140 acres to over 5,000 acres.

Dr. Smith's report is based upon the 22-hole diamond and rotary drilling and evaluation program...

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