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Capstone Reports Security Incident Near Cozamin Mine

Vancouver, British Columbia–(BUSINESS WIRE)–Capstone Copper Corp. (“Capstone” or the “Company”) (TSX: CS) today announced that there was a security incident near its Cozamin mine in Zacatecas, Mexico today. An employee was fatally shot on the main access road between the city of Zacatecas and the mine. The mine site remained secure and operational. The Company works with government authorities to ensure safe transportation to and from the mine site.

“We are deeply saddened by the tragic loss of a member of our team. Our thoughts are with his family and our entire Cozamin team,” said John MacKenzie, CEO of Capstone. “Our top priority is the safety and security of our staff, and we are committed to supporting the family of the deceased.”

The Company maintains the necessary personnel at the mine for the safety and security of site operations.

ABOUT CAPSTONE COPPER CORP.

Capstone Copper Corp. is an Americas-focused copper mining company headquartered in Vancouver, Canada. Capstone owns and operates the Pinto Valley copper mine in Arizona, USA, the Cozamin copper-silver mine in Zacatecas, Mexico, the Mantos Blancos copper-silver mine in the Antofagasta region, Chile, and 70% of the Mantoverde copper-gold mine, located in the Atacama region of Chile. In addition, Capstone owns the fully licensed Santo Domingo copper-iron-gold project, located approximately 30 km northeast of Mantoverde in the Atacama region of Chile, and a portfolio of exploration properties in Americas.

Capstone Copper’s strategy is to unlock transformational growth in copper production while improving costs and operations through innovation, optimization and safe and responsible production across our portfolio of products. assets. We focus on profitability and disciplined capital allocation to drive stakeholder value. We are committed to creating a positive impact in the lives of our employees and local communities while delivering attractive returns to investors by sustainably producing copper to meet the world’s growing needs.

Further information is available at www.capstonecopper.com.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This document may contain “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this document and the Company neither intends nor undertakes any obligation to update these forward-looking statements, except as required by applicable securities laws.

Forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events, including, but not limited to, the impacts of the ongoing and evolving COVID-19 pandemic and the risk associated with regions experiencing an increased rate of criminal activity and violence and the potential impact on operations and the communities in which we operate. In some cases, forward-looking statements can be identified by the use of words such as “anticipates”, “approximately”, “believes”, “budget”, “estimates”, expects”, “plans”, “direction “intends”, “necessary”, “plans”, “expected”, “targets”, or variations of these words and phrases, or statements that certain actions, events or results “will be achieved”, ” could”, “could”, “could”, “occur”, “should”, “will be taken” or “would be” or the negative form of these terms or comparable terminology. In this document, certain forward-looking statements are identified by words such as “expected”, “expected”, “direction” and “plan”. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied. understood by the forward-looking statements. . These factors include, among others, risks relating to hazards inherent in mining operations and the closure of mining projects, future prices of copper and other metals, compliance with financial covenants, bonding, our ability to raise capital , Capstone Copper’s ability to acquire properties for growth, counterparty risks associated with sales of our metals, the use of financial derivative instruments and associated counterparty risks, exchange rate fluctuations, restrictions or market access rates, changes in general economic conditions, water availability and quality, accuracy of mineral resources and mineral reserve estimates, operating in foreign jurisdictions with risk of regulatory changes governmental, compliance with governmental regulations, compliance with environmental laws and regulations, ance with respect to government authority approvals, licenses and permits and potential legal challenges for permit applications, contractual risks in including, but not limited to, our ability to meet testing requirements. completion under the Cozamin Silver Stream agreement with Wheaton Precious Metals Corp. (“Wheaton”), our ability to satisfy certain closing conditions under the Santo Domingo Gold Stream agreement with Wheaton, acting as indemnificator for Minto Metals Corp.’s bonding obligations. after the divestiture, the impact of climate change and changing weather conditions on our operations and projects, changes in regulatory requirements and policy related to climate change and greenhouse gas (“GHG”) emissions, land reclamation and mine closure obligations, claims of aboriginal title and rights to consultation and accommodation, risks related to generalized disease or pandemic outbreaks, including the COVID-19 pandemic ; the impact of COVID-19 on our workforce, the risks associated with construction activities on our operations and development projects, our suppliers and other critical resources and the effect that these impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, risks to Capstone Copper’s operations, cash flow and results related to the unknown duration and impact of the COVID-19 pandemic, the impacts of geopolitical events and the effects of global supply chain disruptions, uncertainties and risks related to the potential development of the Santo Domingo project, risks related to the Mantos Blancos concentrator debottlenecking project and the Mantoverde development project, increased operating and capital costs, increased on the cost of reclamation, title challenges to our mining properties, increased taxes in the jurisdictions the Company operates or is subject to tax, changes in the tax regimes to which we are subject and any changes in the law or interpretation of the law may be difficult to respond effectively, maintaining a continued social license to operate, seismicity and its effects on our operations and the communities in which we operate, dependence on key management personnel, potential conflicts of interest involving our directors and officers, corruption and bribery, inherent limits on our insurance coverage, labor relations, increased costs of inputs such as those related to sulfuric acid, electricity, fuel and supplies, rising inflation rates, competition in the mining industry, including but not limited to competition for skilled labor, risks associated with joint venture partners and non-controlling shareholders or partners, our ability to integrate new acquisitions and technologies into our operations, cybersecurity threats, legal proceedings, volatility the price of common shares, uncertainty as to the maintenance of market liquidity in the trading of common shares, the risks associated with the dilution of existing shareholders if stock options or other convertible securities are exercised , Capstone Copper’s history with respect to non-payment of dividends and the anticipation of not paying dividends for the foreseeable future and sales of common stock Shares of existing shareholders may reduce trading prices and other risks of the mining industry as well as the factors detailed from time to time in the Company’s interim and annual financial statements summer and the MD&A for such statements and the Annual Information Form, all of which are filed and available for review under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause our actual results, performance or achievements to differ materially from those described in our forward-looking statements, there may be other factors that cause our actual results, performance or or achievements are not those anticipated. , estimated or predicted. There can be no assurance that our forward-looking statements will prove to be accurate, as our actual results, performance or achievements could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on our forward-looking statements.