Article: El Capitan Signs New Letter of Intent for Sale of Iron Ore.

ENGLEWOOD, Colo. -- El Capitan Precious Metals, Inc. (the "Company" or "ECPN") (OTCBB:ECPN) announced today that it has signed a new non-binding letter of intent with Asia Finance Corporation ("AFC") to deliver up to 3 million tons of iron ore per year from a property in the Southwest United States for which the Company recently acquired mining rights. AFC is the United States representative for certain Chinese steel mills searching for iron ore. Completion of this transaction is subject to further due diligence by each party, negotiation and execution of a definitive agreement, necessary state or federal permitting and any other necessary state or federal regulatory ...

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