El Capitan Precious Metals Inc (ECPN)

[Captain Black Bob Blanco]

El Capitan Precious Metals Reports Breach of Contract by Buyer of ConcentratesPress Release | 04/13/2018

El Capitan Precious Metals, Inc. (OTCQB: ECPN) reported today that the Company was informed on March 30, 2018, that the contracted buyer to purchase and process the concentrates from El Capitan Precious Metals had decided not to process the material, and instead is offering to ship the material back to El Capitan Precious Metals.

This information was relayed by legal counsel for the purchaser in response to inquiries by the Company regarding the timely payment for the recovered metal that El Capitan Precious Metals had been informed had been successfully recovered from the concentrate material over the 60 days prior to the contracted payment date.

El Capitan Precious Metals is investigating the matter, and will take all necessary and proper steps to pursue civil and criminal litigation of the matter, if appropriate upon further investigation, once the material is returned.

The Company will provide more details at the 2018 Shareholder Meeting scheduled for Wednesday, May 23, in Scottsdale, Arizona. It will be held at the Gainey Ranch Golf Club and is scheduled to begin at 10:00 a.m. local time. The meeting agenda will include detailed updates on operations and revenue generation.

About El Capitan Precious Metals, Inc.:

El Capitan Precious Metals, Inc. is an exploration stage company (as defined by the Securities and Exchange Commission’s Industry Guide 7) based in Scottsdale, Arizona that is principally engaged in the exploration of precious metals and other minerals. The Company’s primary asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which holds the 100% equity interest in the El Capitan property located near Capitan, New Mexico. www.elcapitanpmi.com

https://www.otcmarkets.com/stock/ECPN/news/El-Capitan-Precious-Metals-Reports-Breach-of-Contract-by-Buyer-of-Concentrates?id=189119