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).

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 conducted over the past seven months. Total drilling on the deposit is over 2,600 feet, with over 50% of that being HQ size core. The primary goal of the Stage II drilling was to extend the depth of the deposit. The drilling was contained within a 1,250' by 1,925' area, providing a high degree of confidence in the results.

Dr. Smith's report states that based on the results of over 400 assay samples assayed by AuRic Metallurgical Labs in Utah, the gold, silver and platinum resource has been calculated at 37.4 million tons at a gold equivalent grade of 0.056 troy ounces per ton (opt). This information alone makes the El Capitan property a potentially economically viable commercial mine.