Exploring the High-Grade Potential at Capitan Mining's Cruz de Plata Project

• Alberto Orozco, CEO and Director of Capitan Mining, discusses the company's exploration work on the "Cruise Te Plata" project in Durango, Mexico, targeting high-grade silver and oxide gold deposits.
• Alberto Orozco has a background in geology and has built a successful team that has identified and developed early-stage opportunities, some resulting in over one million ounce deposits.
• The project involves the Jesus Maria vein, a high-grade silver target, and the Capitan Hill, an oxide disseminated gold deposit with epithermal mineralization.
• The company is focusing on drilling the Jesus Maria and Gully Fault veins for high-grade silver, while also investigating the broader potential of the silver mineralization trend on the property. They are considering deeper exploration methods for more insights.

About Capitan Mining

Capitan Mining is a junior exploration company focused on advancing its flagship Cruz de Plata silver-gold project in Durango, Mexico. Led by a highly experienced geological team, the company is systematically exploring the multiple high-grade vein and bulk-tonnage targets at Cruz de Plata. With robust potential for new discoveries, Capitan offers investors exposure to a potentially world-class precious metals district in an established mining jurisdiction.

Interview with CEO Alberto Orozco

Highlights from Recent Drilling

Recent step-out drilling at the Jesus Maria vein continues to demonstrate strong continuity of high-grade mineralization. The latest results extend the strike length of the Jesus Maria vein to over 800 meters, with intercepts including 1.3 meters grading 718 g/t silver equivalent. Meanwhile, ongoing drilling at the parallel Gully Fault zone continues to deliver robust gold and silver grades such as 2.1 meters at 11.2 g/t gold and 1,253 g/t silver.

According to CEO Alberto Orozco, these latest high-grade results showcase the project's significant expansion potential and further drilling will aim to extend known zones and test for additional veins across the large 7,000-hectare land package.

An Evolving Geological Understanding

Initially viewed as separate zones, Capitan's geological team now believes the high-grade silver-rich veins and bulk-tonnage gold mineralization at Cruz de Plata are part of the same large-scale mineralizing system. Evidence suggests the high-grade veins formed at deeper levels, while the disseminated gold zones represent a higher level expression of the hydrothermal fluids.

This evolving geological understanding opens up exciting possibilities for new discoveries elsewhere on the property and also suggests potential for high-grade precious metals feeder structures beneath the near-surface oxide gold at the Capitan deposit.

Advancing Multiple Targets

While current drilling focuses on expanding the known high-grade veins, Capitan has outlined a pipeline of targets across the district-scale property:

• Step-out drilling to grow the current high-grade resources at the Jesus Maria and Gully Fault veins
• Testing parallel veins and structures across the broader 3 km trend between the Jesus Maria and San Rafael zones
• Expanding the existing 300,000 ounce inferred gold resource at the Capitan Hill zone
• Following up on geophysical anomalies and geological targets across the large land package
• Evaluating the potential for deeper high-grade vein targets under Capitan Hill

This multi-target approach provides Capitan with multiple opportunities to make new high-grade discoveries as well as increasing existing resources.

The Path Forward

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Capitan plans to ramp up drilling in the second half of 2023, with a focus on expanding known zones and following up high-potential targets. While reluctant to provide specific guidance ahead of board approval, CEO Alberto Orozco hinted at completing between 5,000-10,000 additional meters. He emphasized the company's priority is to maximize capital efficiency while systematically advancing Cruz de Plata's compelling portfolio of exploration targets.

With its experienced team, multiple discoveries already in hand, and huge untapped potential, the stage is set for Capitan to continue unlocking value at this emerging Mexican silver district. Investors looking for leverage to high-grade precious metals discoveries would do well to take a close look at this promising early-stage explorer.

Risks & Opportunities

Risks

• Exploration - Mineral exploration is inherently risky, with no guarantee of economic discoveries. Drilling may fail to expand resources or make new discoveries.
• Commodity Prices - As a silver and gold explorer, Capitan is exposed to fluctuations in precious metals prices. Lower prices could impact project economics.
• Financing - Additional funding rounds will likely be required to advance exploration. Equity financings may cause dilution.
• Mexico Risks - Operating in Mexico brings risks around security, permitting, community relations, and potential policy changes.

Opportunities

• High-Grade Potential - Multiple high-grade vein targets offer potential for transformational discoveries of new silver and gold resources.
• Experienced Team - Proven track record of the technical team in making new discoveries bodes well for exploration success.
• District Scale Upside - Significant upside for new discoveries across the large 7,000 hectare property.
• Takeout Potential - Success in expanding resources could position the company as an attractive M&A target.
• Commodity Exposure - Provides leverage to future increases in silver and gold prices.

Conclusion

For investors seeking leveraged exposure to high-grade silver and gold discoveries, Capitan Mining presents an excellent opportunity. With drilling ongoing and several potentially transformative targets in the pipeline, the coming months promise to be very exciting on the exploration front. Investors are encouraged to conduct their due diligence and consider adding this high-upside silver-gold explorer to their portfolio