Article: El Capitan Exploring Mining and Marketing of Iron Ore from Its El Capitan Mine.

Business Editors

ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 26, 2004

El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today that it is exploring the possible mining and marketing of iron ore from its El Capitan mine.

The Company has engaged an independent consultant with extensive experience in marketing mining properties to assist in this effort and has met with several companies to discuss possible initiatives. The Company currently has no contracts or other agreements with respect to mining or marketing the iron ore.

"There is significant interest in the iron ore market of late with prices reaching levels that make it feasible to ...

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