CAPITAN MINING EXPANDS KNOWN GOLD MINERALIZATION AT THE PENOLES GOLD PROJECT IN DURANGO, MEXICO; DRILLS 45.7 METRES OF 0.63 G/T GOLD WITHIN LARGER INTERVAL OF 111.3 METRES OF 0.34 G/T GOLD

Capitan Mining _30112020

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2020) – Capitan Mining Inc. (TSXV: CAPT) (“Capitan” or the “Company”) is pleased to report results for the first seven drill holes from the current and on-going 6,000 metre reverse circulation (RC) drill program at the Peñoles Project (the “Project”) in Durango, Mexico. This initial drill campaign is focused on testing the continuity of known gold-silver zones at the Capitan Hill Deposit, both along strike and down-dip of the March 2015, 43-101 compliant, inferred resource outline, as well as infill significant gaps within the resource model. The first seven drill holes of the program are presented herein, all of which intersected Capitan Hill style mineralization that is consistent in grade and width with previous drilling.

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