CAPITAN MINING DRILLS 36.6 METRES OF 0.91 G/T GOLD EQUIVALENT WITHIN LARGER INTERVAL OF 73.15 METRES OF 0.63 G/T GOLD EQUIVALENT; CONTINUES TO EXPAND CAPITAN GOLD ZONE

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Vancouver, British Columbia–(Newsfile Corp. – December 16, 2020) – Capitan Mining Inc. (TSXV: CAPT) (“Capitan” or the “Company”) is pleased to report results for three drill holes from its on-going 6,000 metre reverse circulation (RC) drill program at the Peñoles Project (the “Project”) in Durango, Mexico, drill holes 20-CARC-08, 20-CARC09 and 20-CARC-12.

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