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CAPT.V ·

Capitan Silver Announces Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

Capitan Silver Announces Results of Annual

and Special Meeting of Shareholders

Vancouver, British Columbia--(Newsfile Corp. - August 11, 2023) -

CAPITAN SILVER CORP.

(TSXV:

CAPT)

("Capitan" or "the Company")

is pleased to provide the results of its Annual and Special

Meeting of Shareholders which was held on June 23, 2023.

At the Annual and Special Meeting of shareholders, 36,403,953 shares were voted and the Company

received majority shareholder approval for the following:

1

.

Elected one new and re-elected four incumbent directors, total of three directors for the ensuing

year as follows:

Director

Votes For

Alberto Orozco

29,552,800

John-Mark Staude

29,553,059

Arturo Bonillas

33,569,065

2

.

To appoint Davidson & Company, LLP, as auditors of the Company for the ensuing year.

3

.

To ratify, confirm and approve the Company's new 10% rolling stock option plan as required under

amended TSX Venture Exchange Policy 4.4.

Details of the matters approved at the meeting are set out in the Company's Information Circular dated

May 12, 2023 and available under the Company's profile on SEDAR at

www.sedarplus.ca

.

About Capitan Silver Corp.

Capitan Silver is a well-funded junior exploration company focused on its 100% owned gold and silver

Cruz de Plata Project in Durango, Mexico. The Company is led by a management team that has

successfully advanced and developed several heap leach operations in Mexico over the past 16 years.

More information for the Company can be found at

www.capitansilver.com

For additional information contact:

Alberto Orozco

CEO

Capitan Silver Corp.

[email protected]

Phone: (78) 327-6671

Fax: (778) 327-6675

Wed:

www.capitansilver.com

Raffi Elmajian

Corporate Communications

Capitan Silver Corp.

[email protected]

Phone: (778) 327-6671

Web:

www.capitansilver.com

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/176864