El Capitan Precious Metals, Inc. (ECPN: OTCQB) | El Capitan Realizes First-Ever Revenue from Sale of Precious Metals

El Capitan Realizes First-Ever Revenue from Sale of Precious Metals

Jul 17, 2017

OTC Disclosure News Service

In a historic milestone, El Capitan Precious Metals, Inc. (OTCQB: ECPN)
announced today that its first-ever payment on the sale of precious
metals recovered from its El Capitan mine site has been issued to the
Company. The payment is for the initial shipment of precious metals
pursuant to a recently-announced contract with a U.S.-based refinery.

According to John F Stapleton, Chairman and CEO, this initial
transaction established the procedures and protocol for future shipments
and payments that will continue throughout the year. Revenue from the
initial shipment will be realized in the quarter ending June 30, 2017.

The metal bar shipped to the refinery was found to contain the following
elements by weight:

The Company also announced that, in addition to this first payment, it
has sent a second shipment of larger quantity in the form of precious
metals bars to the same refinery for processing. The Company will
continue to process precious metals concentrates from its ore and
expects each successive shipment to be larger in size until maximum
capacity for the pilot plant is reached.

Stapleton reported that management is very enthusiastic about the
Company becoming a revenue-generating mining operation, having
transitioned from an exploration company less than one year ago.

A description of the major steps in this process will be the focus of
the July 26, 2017 Shareholders’ Informational Meeting scheduled to begin
at 10:00 a.m. at the Gainey Ranch Golf Club in Scottsdale, Arizona.

About El Capitan Precious Metals, Inc.:

El Capitan Precious Metals, Inc. is a mining company based in
Scottsdale, Arizona that is principally engaged in the mining of
precious metals and other minerals. The Company’s primary asset is its
wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which
holds the 100% equity interest in the El Capitan property located near
Capitan, New Mexico. www.elcapitanpmi.com

Forward-Looking Safe Harbor Statement:

The statements included in this press release concerning predictions of
economic performance and management’s plans and objectives constitute
forward-looking statements made pursuant to the safe harbor provisions
of Section 21E of the Securities Exchange Act of 1934, as amended, and
Section 27A of the Securities Act of 1933, as amended. Forward-looking
statements are statements that are not historical facts. Words such as
“expect(s),” “feel(s),” “believe(s),” “will,” “may,” “anticipate(s)” and
similar expressions are intended to identify forward-looking statements.
These statements include, but are not limited to, statements regarding
the expected completion, timing and results of metallurgical testing,
interpretation of drill results, the geology, grade and continuity of
mineral deposits, results of initial feasibility, pre-feasibility and
feasibility studies and expectations with respect to the engaging in
strategic transactions. All of such statements are subject to risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of the Company, that could cause actual results to
differ materially from those expressed in, or implied or projected by,
the forward-looking information and statements. Specifically, there can
be no assurance regarding the timing and terms of any transaction
involving the Company or its El Capitan property, or that such a
transaction will be completed at all. In addition, there can be no
assurance that periodic updates to the

Company’s geological technical reports will support the Company’s prior
claims regarding the metallurgical value and make-up of the ore on the
New Mexico property. Additional risks and uncertainties affecting the
Company include, but are not limited to, the possibility that future
exploration, development, testing or mining results will not be
consistent with past results and/or the Company’s expectations;
discrepancies between different types of testing methods, some or all of
which may not be industry standard; the ability to mine precious and
other minerals on a cost effective basis; the Company’s ability to
successfully complete contracts for the sale of its products;
fluctuations in world market prices for the Company’s products; the
Company’s ability to obtain and maintain regulatory approvals; the
Company’s ability to obtain financing for continued operations and/or
the commencement of mining activities on satisfactory terms; the
Company’s ability to enter into and meet all the conditions to
consummate contracts to sell its mining properties that it chooses to
list for sale; and other risks and uncertainties described in the
Company’s filings from time to time with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date hereof, and we
do not undertake any obligation to revise and disseminate
forward-looking statements to reflect events or circumstances after the
date hereof, or to reflect the occurrence of or non-occurrence of any
events.

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ECPN/news?id=164661

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