Capstone Announces Initial Mineral Resource Estimate for Footwall Zone at Cozamin Mine

Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced the result of an initial mineral resource estimate for the Mala Noche Footwall Zone (“MNFWZ”) at the Cozamin Mine in Zacatecas, Mexico. This is a preliminary resource and exploration is continuing.

“The size and grade of this new mineral resource estimate allows Capstone to now consider production expansion scenarios as well as extended mine life in an upcoming pre-feasibility study to begin in the third quarter of 2011,” said Brad Mercer, Vice-President, Exploration for Capstone. “The copper grade of this new resource located in the footwall to the main ore zone is higher than the current mineral reserve grades for the mine. Our Cozamin team has successfully undertaken test mining in the MNFWZ from two crosscuts driven from active mine workings to levels 12.0 and 12.8 in the MNFWZ where they have drifted both east and west using conventional cut and fill mining methods and have already extracted approximately 18,000 tonnes grading 2.67% copper,” he added.