Capitan Mining Drills 1.5m of 307.53 g/t Ageq & 1.5m of 344.77 g/t Ageq Within a Wider Interval of 21.3m of 132.86 g/t Ageq at the Jesus Maria Vein

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2022) – Capitan Mining Inc. (TSXV: CAPT) (“Capitan” or the “Company”) is pleased to report continued exploration results from five reverse
circulation (RC) drillholes from the Jesus Maria silver zone at its 100%-owned Cruz de Plata Project
(Formerly referred to as Peñoles), in Durango, Mexico.

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