Article: El Capitan Precious Metals Signs Agreement With IBK Capital Corp. and Distributes Mining Property Summaries to Selected Mining Firms.

Business Editors

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Sept. 5, 2003

El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today it has signed a non-exclusive agreement, in association with its largest stockholder Gold and Minerals Co., Inc., with IBK Capital Corp. ("IBK Capital") of Toronto, Ontario, Canada, to assist the companies with strategic options that may include merger, joint venture or possible sale of the El Capitan mining property near Capitan, New Mexico.

In addition, on behalf of the companies, IBK Capital recently sent to selected domestic and international mining companies a ten-page executive summary on the El Capitan property ...

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