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Capstone Announces Change to the Board of Directors

Management Changes

1

August 18, 2021

Capstone Announces Change to the Board of Directors

Vancouver, British Columbia – Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) announces

that Mr. Richard N. Zimmer has retired from the Board of Directors of the Company effective August 17, 2021.

Prior to Capstone, Mr. Zimmer was Chief Executive Officer of Far West Mining Ltd. (“Far West”), the previous

owner and operator of the Santo Domingo project. He joined the Company’s Board of Directors in 2011 following

Capstone’s acquisition of Far West. At Capstone, Mr. Zimmer served as the Chair of the Technical, Health,

Environmental, Safety and Sustainability Committee from June 2011 until April 2019, and most recently served as

Chair of the Corporate Governance & Nominating Committee.

Darren Pylot, President & CEO commented, “Rick was instrumental in the integration and advancement of the

Santo Domingo project and contributed his invaluable expertise to our Board through the years. We thank him for

his significant contributions and dedication to Capstone over his ten years of service on our Board.”

ABOUT CAPSTONE MINING CORP.

Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the

responsible development of our assets and the environments in which we operate. Our two producing mines are

the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State,

Mexico. In addition, Capstone owns 100% of Santo Domingo, a large scale, fully permitted, copper-iron-gold

project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the

optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our

headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further

information is available at www.capstonemining.com.

For further information please contact:

Jerrold Annett, SVP, Strategy and Capital Markets

647-273-7351

[email protected]

Kettina Cordero, Director, Investor Relations & Communications

604-262-9794

[email protected]

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TSX:CS ● capstonemining.com