Vancouver, British Columbia–(Newsfile Corp. – March 20, 2023) – CAPITAN MINING INC. (TSXV: CAPT) (“Capitan” or “the Company”) is pleased to announce that it will be changing its name to “Capitan Silver Corp to reflect its primary focus on the recently consolidated silver trend at the Cruz de Plata project in Durango, Mexico. The TSX Venture Exchange has approved the change of name and the Company will begin trading under its new name on March 23, 2023. Capitan Silver Corp. will continue to trade under the same symbol ‘CAPT’ on the TSX Venture Exchange and the number of shares outstanding will not change.