CAPITAN MINING ANNOUNCES NON-BROKERED C$3,200,000 PRIVATE PLACEMENT AND WELCOMES STRATEGIC INVESTMENT BY MICHAEL GENTILE, CFA

Vancouver, British Columbia–(Newsfile Corp. – April 6, 2021) – Capitan Mining Inc. (TSXV: CAPT) (“Capitan“) is pleased to announce its intention to raise C$3,200,000, by way of a non-brokered private placement of 16,000,000 common shares (the “Shares“) at a price of C$0.20 per Share (the “Private Placement“). The financing is led by a strategic investment of C$1,600,000 by Mr. Michael Gentile, CFA which will increase his position in Capitan Mining to 15.3%.

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