Business & Investment

Kozamin Mine Capstone File Technical Report

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Vancouver, British Columbia — Capstone Mining Corp. (“Capstone” or “Company”) (TSX: CS) today submitted to SEDAR a National Instrument 43-101 (“NI43-101”) compliant technical report entitled “NI43”. -101 Technical Report, Kozamine Mine, Zacatecus, Mexico ”explains the renewal of the mine plan by 2031 and the estimated mineral reserves announced on January 27, 2021.

The technical report was prepared in accordance with the Canadian Securities Manager’s NI43-101-Minerals Project Disclosure Standards. You can review it under SEDAR’s company profile. And our website


Capstone Mining Corp. is a Canadian base metal mining company focused on copper. Our two production mines are the Pinto Valley Copper Mine in Arizona, USA and the Kozamine Copper and Silver Mine in Zacatecas, Mexico. In addition, Capstone owns a portfolio of exploration facilities in Region III, Chile, in partnership with Korea Resources Corporation, with 70% of Santo Domingo, a large and fully licensed copper-gold-gold project. doing. Capstone’s strategy is to focus on optimizing businesses and assets in politically stable, mining-friendly regions, especially in the Americas. We are committed to responsible development of our assets and business environment. Headquartered in Vancouver, Canada, it is listed on the Toronto Stock Exchange (TSX). For more information, please visit the following URL:

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Precautions regarding future prospects

This news release, and the documents incorporated herein by reference, include “Forecast Information” in the sense of the Securities Act of Canada and “Forecast Information” in the sense of the Private Securities Litigation Reform Act of 1995. Description “is included. “Description of future prospects”). These forward-looking statements have been prepared as of the date of this document and are Capstone Mining Corp. (“Capstone” or “Company”) has no intention or obligation to update these forward-looking statements, except in the following cases: Mandated under applicable securities law. Forward-looking statements are related to future events or future performance and reflect our expectations or beliefs about future events. Forward-looking statements include continued success of mineral exploration, Capstone’s ability to fund future exploration activities, estimation of mineral resources and mineral reserves, and expected success of underground paste backfill system research. Descriptions are included, but not limited to these. , Realization of estimated mineral reserves, Estimated future production timing and quantity, Production cost and capital investment, Success of mining operations, Estimated potential quantity and grade of estimated resources and exploration targets, Environment Risks, unexpected refurbishment costs and title disputes. In some cases, forward-looking statements use terms such as “plan,” “expect,” “aim,” “approximate,” “guidance,” “plan,” “goal,” and “estimate.” Can be identified. “Prediction,” “extension,” “conversion,” “potential,” “intention,” “expectation,” “believe,” or a variation of such a word or phrase, or a particular action, event, or result is “. “Potential”, “Possible” statement, “should”, “would”, “do”, “may” or “taken”, “occur” or “achieved” , Or the denial of these or equivalent terms. By its very nature, forward-looking statements include known and unknown risks, uncertainties, and other factors that may result in our actual results, performance, or outcomes in the future. It may differ materially from future results, performance, or outcomes expressed or implied by the forward-looking statements. .. Such factors include, among other things, the inherent risks associated with mining operations and closure of mining, the inherent uncertainties of project, mineral exploration and estimation of exploration targets, and the potential of exploration by COVID-19 or government action. Includes risks associated with delays. Includes, but is not limited to, supply chain issues, future prices of copper and other metals, compliance with financial covenants, secure binding, the ability to raise capital or fund exploration, and the ability to acquire Capstone. Assets for direct or indirect operational cost growth resulting from COVID-19, counterparty risk associated with the sale of our metals, fluctuations in foreign exchange rates, changes in general economic conditions, mineral resources and minerals Accuracy of reserve estimates, operations in foreign jurisdictions at risk of changes in government regulations, compliance with government regulations, compliance with environmental laws and regulations, approval from government authorities, licenses and permits Dependence, the impact of climatic conditions on our business, ownership of mineral ownership or royal claims and rights, tax increases on mining activities, interruption of production due to land reclamation due to indirect or direct criminal activity and obligation to close mines, Uncertainties and risks associated with the potential development of the Kozamine project, increased operating and capital costs, challenges to ownership of mining assets, ongoing maintenance of operating permits, reliance on key management personnel, Directors and officers, corruption and bribery, insurance coverage specific restrictions, labor relations, rising energy prices, competition in the mining industry, risks associated with joint venture partners, the ability to integrate new acquisitions into the business, cybersecurity threats, laws Procedures and other minimal risk industries, and all of these factors detailed from time to time in our interim and annual financial statements and MD & A of those financial statements are submitted based on SEDAR’s profile. , Available for review. We have attempted to identify important factors that may cause our actual performance, performance or performance to differ materially from those stated in our forward-looking statements. There may be other factors that may cause performance, performance or performance not to progress as expected. , Estimated or intended. There is no guarantee that our forward-looking statements are accurate, as our actual results, performance or performance may differ materially from those expected in such statements. Therefore, readers should not place undue reliance on our forward-looking statements.

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Unless otherwise stated, Capstone uses the technology of this news release based on the information contained in the technical reports, news releases, and MD & A (collectively, the “disclosure documents”) available to Capstone Mining Corp.’s company. Information (“Technical Information”) has been created. SEDAR profile Each Disclosure Document is prepared by or under the supervision of a Qualified Person (“Qualified Person”) as defined in the National Document 43-101 Disclosure Standards for Mineral Projects of Canadian Securities Managers (“NI 43-101”). it was done. .. Readers are encouraged to review the full text of the disclosure document that qualifies the technical information. Readers are advised that mineral resources that are not mineral reserves have not demonstrated economic viability. Each disclosure document is intended to be read as a whole13, and sections should not be read or trusted out of context. Technical information is subject to the prerequisites and qualifications contained in the disclosure document.

The following qualified personnel, as defined in NI 43-101, are independent of Capstone (unless listed below) and are based on the content of each portion of the 2020 Technical Report for this news release: We are reviewing and approving the content. Gregg Bush, P. Eng. (Non-independent), Leslie Correia, Pr. Eng. , Paterson & Cooke Canada Inc., Jenna Hardy, P. Geo. , FGC, Nimbus Management Ltd., Tucker Jensen, P. Eng. , Capstone Mining Corp. (non-independent) -independent), Darren Kennard, P. Eng. , Golder Associates Ltd., Garth Kirkham, P. Geo. , FGC, Kirkham Geosystems Ltd., Chris Martin, CEng MIMMM, Blue Coast Metallurgy Ltd., Vivienne McLennan, P.Geo, Capstone Mining Corp. (non-independent), Josh Moncrieff, P.Geo. , Capstone Mining Corp. (non-independent), Humberto Preciado, PhD, PE, Wood Environment & Infrastructure Solutions, Inc.

The technical information for this news release was prepared according to the definitions and best practices referenced in NI 43-101, by Brad Mercer, P. Geol, Senior Vice President and Chief Operating Officer of Capstone. Reviewed and approved by. A person who oversees the exploration activities of the Kozamin mine.

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contact information

Jerrold Annett, SVP, Strategy and Capital Markets

Virginia Morgan, Director of IR and Communications


Kozamin Mine Capstone File Technical Report Kozamin Mine Capstone File Technical Report

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