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13:15 | 09.11.2017
El Capitan Precious Metals Expands Board of Directors and Names New Corporate Counsel

El Capitan Precious Metals, Inc., (OTCQB: ECPN) announced today that the
Company’s board of directors has been expanded to include two additional
positions and named John Balding and Robert Shirk as new directors.
These new appointments expand the board to seven directors.

In related news, El Capitan Chairman and CEO John F. Stapleton confirmed
that A. Blair Dunn, Esq. has been named Corporate Counsel. Dunn replaces
Arly Richau, who stepped down from that position in late October.

Balding and Shirk join current El Capitan Directors Chuck Mottley, Clyde
Smith, Tim Gay and Danny Martinez.

John Balding’s career has run the gamut from data processing and
military intelligence to commercial lending. He holds a degree in
Mathematics from Southern Oregon University and a Master of Business
Administration from Arizona State University. Among the strengths and
experience Balding brings to the El Capitan board is the ability to
structure sophisticated financial transactions.

Robert Shirk, an active investor in gold and copper mines and oil wells
over the past 35 years, is well-connected in the mining industry in both
the United States and Canada. He is a CPA and has served as CFO for an
Iowa-based real estate organization for more than 40 years. Shirk’s
background includes land development, commercial construction, and
operations, and he has been involved in the governmental processes
related to the purchase and development of raw land.

“Both new directors are welcome additions to a board that has its sights
on delivering value for its shareholders,” said Stapleton, “and I know
they share the current board’s vision for the future.”

As new Corporate Counsel, Dunn is a founding partner of Western
Agriculture, Resource and Business Advocates, LLP. He has served as the
General Counsel and Director of Agricultural Policy for the South Dakota
Department of Agriculture, as well as the Chief Legal Counsel for the
New Mexico water rights brokerage firm of WaterBank. Stapleton believes
that Dunn’s professional and personal background is especially
well-suited for his new role as Corporate Counsel — having grown up on
farms and ranches in Southern New Mexico and holding an undergraduate
degree in Geology— and that he, like the new directors, will play a key
role as the Company moves forward with initiatives to enhance the
opportunities in front of it.

Stapleton acknowledged Richau for his contributions in helping the
Company achieve significant milestones in the past years.

Stapleton also announced that a Finance/Audit Committee has been formed,
chaired by Tim Gay. Committee members include Shirk and Company CFO
Steve Antol.
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals, Inc. is an exploration stage company (as
defined by the Securities and Exchange Commission’s Industry Guide 7)
based in Scottsdale, Arizona that is principally engaged in the
exploration of precious metals and other minerals. The Company’s primary
asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona
corporation, which holds the 100% equity interest in the El Capitan
property located near Capitan, New Mexico. www.elcapitanpmi.com

Forward-Looking Safe Harbor Statement:

The statements included in this press release concerning predictions of
economic performance and management’s plans and objectives constitute
forward-looking statements made pursuant to the safe harbor provisions
of Section 21E of the Securities Exchange Act of 1934, as amended, and
Section 27A of the Securities Act of 1933, as amended. Forward-looking
statements are statements that are not historical facts. Words such as
“expect(s),” “feel(s),” “believe(s),” “will,” “may,” “anticipate(s)” and
similar expressions are intended to identify forward-looking statements.
These statements include, but are not limited to, statements regarding
the expected completion, timing and results of metallurgical testing,
interpretation of drill results, the geology, grade and continuity of
mineral deposits, results of initial feasibility, pre-feasibility and
feasibility studies and expectations with respect to engaging in
strategic transactions. All of such statements are subject to risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of the Company, that could cause actual results to
differ materially from those expressed in, or implied or projected by,
the forward-looking information and statements. Specifically, there can
be no assurance regarding the timing and terms of any transaction
involving the Company or its El Capitan property, or that such a
transaction will be completed at all. In addition, there can be no
assurance that periodic updates to the Company’s geological technical
reports will support the Company’s prior claims regarding the
metallurgical value and make-up of the ore on the New Mexico property.
Additional risks and uncertainties affecting the Company include, but
are not limited to, the possibility that future exploration,
development, testing or mining results will not be consistent with past
results and/or the Company’s expectations; discrepancies between
different types of testing methods, some or all of which may not be
industry standard; the ability to mine precious and other minerals on a
cost-effective basis; the Company’s ability to successfully complete
contracts for the sale of its products; fluctuations in world market
prices for the Company’s products; the Company’s ability to obtain and
maintain regulatory approvals; the Company’s ability to obtain financing
for continued operations and/or the commencement of mining activities on
satisfactory terms; the Company’s ability to enter into and meet all the
conditions to consummate contracts to sell its mining properties that it
chooses to list for sale; and other risks and uncertainties described in
the Company’s filings from time to time with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date hereof, and we
do not undertake any obligation to revise and disseminate
forward-looking statements to reflect events or circumstances after the
date hereof, or to reflect the occurrence of or non-occurrence of any
events.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171109005267/en/


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