Capstone Reported Full Year Production Results

VANCOUVER, BC - Capstone Mining Corp. reported operating results for the three and twelve month periods ending December 31, 2013 of its three operating mines: Pinto Valley in Arizona, Cozamin in Mexico, and Minto in Canada. Combined production totaled 56.9 and 113.8 million pounds of copper (in concentrates and cathode) in the fourth quarter and full year 2013, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

"Capstone met overall 2013 copper production targets, with outperformance at Pinto Valley and Cozamin comfortably offsetting lower production at Minto," said Darren Pylot, President and CEO of Capstone. "Pinto Valley performed very well in the fourth quarter and is presently operating very close to the targeted mill throughput rate of 50,000 tones per day. Cozamin performed better than plan and the grade increase at Minto made a meaningful contribution to the very strong performance for the quarter."

Pylot said, At Pinto Valley we exceeded our earlier production forecasts as throughput and recoveries trended to targeted sustainable rates through the end of the year. Cozamin performed better than expected in the fourth quarter and posted an excellent result for the year. The mine achieved an annual throughput record in 2013 of 3,305 tones per day, with grade and recoveries coming in very close to expectations for the quarter and year. At Minto, November and December were pivotal months with ore grade increasing to over 2% copper and recoveries at high levels. The mill achieved a monthly throughput production record in December of 4,179 tones per day.