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Capstone Mining Corp. Broadcasts Submitting of Preliminary Base Shelf Prospectus for Future Monetary Flexibility and Up to date Technical Report for Pinto Valley

VANCOUVER, British Columbia–(BUSINESS WIRE)–Capstone Mining Corp. (“Capstone” or the “Firm”) (TSX:CS) is happy to announce that it has filed a preliminary base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in every of the provinces and territories of Canada.

The Shelf Prospectus, upon a receipt for the ultimate base shelf prospectus, would enable Capstone to make choices as much as C$500,000,000 of widespread shares, warrants, subscription receipts, items, debt securities, share buy contracts, or any mixture thereof, every now and then over a 25-month interval. The particular phrases of any future providing of securities (if any) might be set forth in a shelf prospectus complement. Capstone has filed this base shelf prospectus for future monetary flexibility and has no quick intentions to undertake an providing. As reported in its quarterly monetary statements ending March 31, 2021, Capstone had a money place of $44.81 million and was debt-free2. Subsequent to March 31, 2021, Capstone acquired $30 million as an upfront deposit on the Wheaton Valuable Metals Gold Stream Settlement.

This information launch shall not represent a suggestion to promote, or a solicitation of a suggestion to purchase, any securities nor shall there be any sale of securities in any jurisdiction by which a suggestion, solicitation or sale could be illegal previous to registration or {qualifications} beneath the securities legal guidelines of any such jurisdiction.

A replica of the preliminary Shelf Prospectus, and copies of the ultimate base shelf prospectus and any shelf prospectus dietary supplements which may be filed sooner or later, could be discovered beneath the Firm’s SEDAR profile at www.sedar.com, or could also be obtained by request to Wendy King, Senior Vice President, Threat, ESG, Basic Counsel and Company Secretary, Suite 2100 – 510 West Georgia Avenue, Vancouver, BC, V6B 0M3, information@capstonemining.com.

Submitting of Pinto Valley Technical Report

As well as, the Firm has filed on SEDAR a technical report titled “NI 43-101 Technical Report on the Pinto Valley (“PV”) Mine, Arizona, USA” (the “Technical Report”) updating the PV3 lifetime of mine plan.

The Technical Report was ready in accordance with the Canadian Securities Administrator’s Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), and is out there for assessment beneath the Firm’s profile on SEDAR at www.sedar.com and on the Firm’s web site at capstonemining.com.

The Firm expects to launch an up to date NI 43-101 Technical Report in 2022 presenting the outcomes of a number of initiatives geared toward rising the worth of the Pinto Valley Mine, together with a PV4 pre-feasibility examine and research of Eriez Hydrofloat coarse particle flotation and Jetti catalytic expertise.

1.Money and money equivalents and short-term investments of $44.8 million as at March 31, 2021

2.Debt Free is in reference to zero long run debt steadiness as at March 31, 2021

ABOUT CAPSTONE MINING CORP.

Capstone Mining Corp. is a Canadian base metals mining firm, centered on copper. We’re dedicated to the accountable growth of our property and the environments by which we function. Our two producing mines are the Pinto Valley copper mine situated in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. As well as, Capstone owns 100% of Santo Domingo, a big scale, absolutely permitted, copper-iron-gold mission in Area III, Chile, in addition to a portfolio of exploration properties. Capstone’s technique is to deal with the optimization of operations and property in politically steady, mining-friendly areas, centred within the Americas. Our headquarters are in Vancouver, Canada and we’re listed on the Toronto Inventory Change (TSX). Additional data is out there at www.capstonemining.com.

This information launch has been reviewed and accredited by Brad Mercer, P. Geol., Capstone’s Senior Vice President and Chief Working Officer, a Certified Individual and the one who oversees operational and exploration actions at Pinto Valley Mine.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This doc comprises “forward-looking data” throughout the which means of Canadian securities laws and “forward-looking statements” throughout the which means of the US Non-public Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this doc and the Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements, besides as required beneath relevant securities laws.

Ahead-looking statements relate to future occasions or future efficiency and mirror our expectations or beliefs concerning future occasions and the impacts of the continuing and evolving COVID-19 pandemic. Ahead-looking statements embrace, however are usually not restricted to, statements with respect to the submitting of a closing base shelf prospectus, future choices of securities and up to date technical experiences or technical data. As well as, the potential results of the COVID-19 pandemic on our enterprise and operations are unknown at the moment, together with Capstone’s means to handle challenges and restrictions arising from COVID-19 within the communities by which Capstone operates and our means to proceed to securely function and to securely return our enterprise to regular operations. The impression of COVID-19 to Capstone relies on numerous elements exterior of our management and information, together with the effectiveness of the measures taken by public well being and governmental authorities to fight the unfold of the illness, international financial uncertainties and outlook because of the illness, and the evolving restrictions regarding mining actions and to journey in sure jurisdictions by which we function. In sure instances, forward-looking statements could be recognized by way of phrases equivalent to “anticipates”, “roughly”, “believes”, “price range”, “estimates”, expects”, “forecasts”, “steerage”, intends”, “plans”, “scheduled”, “goal”, or variations of such phrases and phrases, or statements that sure actions, occasions or outcomes “be achieved”, “might”, “could”, “would possibly”, “happen”, “ought to”, “might be taken” or “would” or the damaging of those phrases or comparable terminology. On this doc sure forward-looking statements are recognized by phrases together with “anticipated”, “anticipated”, “steerage” and “plan”. By their very nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger our precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Such elements embrace, amongst others, dangers associated to inherent hazards related to mining operations and closure of mining initiatives, future costs of copper and different metals, compliance with monetary covenants, surety bonding, our means to boost capital, Capstone’s means to amass properties for development, counterparty dangers related to gross sales of our metals, use of economic spinoff devices and related counterparty dangers, overseas forex change charge fluctuations, market entry restrictions or tariffs, modifications normally financial situations, availability of water, accuracy of Mineral Useful resource and Mineral Reserve estimates, working in overseas jurisdictions with danger of modifications to governmental regulation, compliance with governmental laws, compliance with environmental legal guidelines and laws, reliance on approvals, licenses and permits from governmental authorities and potential authorized challenges to allow functions, contractual dangers together with however not restricted to, our means to satisfy the completion take a look at necessities beneath the Cozamin Silver Stream Settlement with Wheaton Valuable Metals, our means to satisfy sure closing situations beneath the Santo Domingo Gold Stream Settlement with Wheaton Valuable Metals, appearing as Indemnitor for Minto Exploration Ltd.’s surety bond obligations submit divestiture, impression of local weather change and modifications to weather conditions at our Pinto Valley and Cozamin operations, modifications in regulatory necessities and coverage associated to local weather change and GHG emissions, land reclamation and mine closure obligations, dangers regarding widespread epidemics or pandemic outbreak together with the COVID-19 pandemic; the impression of COVID-19 on our workforce, suppliers and different important assets and what impact these impacts, in the event that they happen, would have on our enterprise, together with our means to entry items and provides, the flexibility to move our merchandise and impacts on worker productiveness, the dangers in reference to the operations, money circulation and outcomes of Capstone regarding the unknown period and impression of the COVID-19 pandemic, uncertainties and dangers associated to the potential growth of the Santo Domingo Mission, elevated working and capital prices, elevated price of reclamation, challenges to title to our mineral properties, elevated taxes in jurisdictions the Firm operates or is topic to tax, modifications in tax regimes we’re topic to and any modifications in legislation or interpretation of legislation could also be troublesome to react to in an environment friendly method, sustaining ongoing social license to function, dependence on key administration personnel, potential conflicts of curiosity involving our administrators and officers, corruption and bribery, limitations inherent in our insurance coverage protection, labour relations, rising vitality costs, competitors within the mining trade together with however not restricted to competitors for expert labour, dangers related to three way partnership companions, our means to combine new acquisitions and new expertise into our operations, cybersecurity threats, authorized proceedings, and different dangers of the mining trade in addition to these elements detailed every now and then within the Firm’s public filings, together with the Shelf Prospectus, that are filed and out there for assessment beneath the Firm’s profile on SEDAR at www.sedar.com. Though the Firm has tried to determine vital elements that might trigger our precise outcomes, efficiency or achievements to vary materially from these described in our forward-looking statements, there could also be different elements that trigger our outcomes, efficiency or achievements to not be as anticipated, estimated or supposed. There could be no assurance that our forward-looking statements will show to be correct, as our precise outcomes, efficiency or achievements might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on our forward-looking statements.

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