El Capitan 10-Q Filing to Be Filed Late

2009-05-26 13:21:05 -

El Capitan Precious Metals, Inc. (OTCBB:ECPN) reports: The Company’s 10-Q filing with the SEC for the quarter ended March 31, 2009, will be filed late due to the recent restructuring of the Company’s Board of Directors and management on April 21, 2009.


A new Board of Directors was elected as disclosed in our 8-K filing on April 28, 2009, and a

new Chief Executive Officer and a new Chief Financial Officer was appointed by the Board of Directors on April 30, 2009, as disclosed in our 8-K filing on May 6, 2009.


The necessary records to prepare the 10-Q filing have been transferred from the Reno, NV corporate location to the new Scottsdale, AZ corporate location. Arrangements have been made with the Company’s Registered Certified Public Accountants to begin their work on May 26, 2009, and the filing is anticipated to be completed during the week of June 1, 2009.

About El Capitan Precious Metals, Inc.


El Capitan Precious Metals, Inc. is an exploration stage company that owns a 40% interest in the El Capitan property located near Capitan, New Mexico as well as a joint venture and 20% ownership of 13 mining claims and other assets known as the C.O.D. mine located near Kingman, Arizona.

The statements included in this press release concerning predictions of economic performance and management’s plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially.
These risks and uncertainties include, among others, the results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and the possibility that future exploration, development or mining results will not be consistent with past results and/or the Company’s expectations, discrepancies between different types of testing methods, some or all of which may not be industry standard, the ability to mine precious and other minerals on a cost effective basis, the Company’s ability to successfully complete contracts for the sale of its iron ore and other products; fluctuations in world market prices for the Company’s products; the Company’s ability to obtain or maintain regulatory approvals; the Company’s ability to obtain financing for the commencement of mining activities on satisfactory terms; the Company’s ability to obtain necessary financing; the Company’s ability to enter into and meet all the conditions to close contracts to sell its mining properties that it chooses to list for sale, and other risks and uncertainties described in the Company’s filings from time to time with the Securities and Exchange Commission. The Company disclaims any obligation to update its forward-looking statements.



El Capitan Precious Metals, Inc.James G. Ricketts, 303-472-3298 www.elcapitanpmi.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..