The Repositioning of El Capitan Precious Metals, Inc.

Beginning in March of 2007, The Board of Directors began the repositioning of El Capitan Precious Metals, Inc. as an important precious metals investment opportunity.  The Company’s Mission is to raise the awareness by the precious metals and financial markets of ECPN’s primary asset; the El Capitan precious metals deposit.  To date, the strategy supporting the repositioning of the company to highlight the intrinsic value of the asset has included the following reported activities:

1.      Retain executive leadership with mining company experience to manage the repositioning of ECPN and the development of the El Capitan deposit

·         Apr-2007 - Kenneth P. Pavlich appointed President & CEO

·         May-2007 – ECPN Strategy released to shareholders

·         Jun-2007 – CEO interview on Market News First (18-Jun-07)

·         Jul-2007 - Intrinsic company value discussion press release

·         Aug-2007 – CEO Interview on Market News First (01-Aug-07)

·         Oct-2007 – CEO Interview on Wall Street Reporter (23-Oct-07)

·         Oct-2007 – CEO Interview on WallSt.net (29-Oct-07)

2.      Retain financial leadership with strong transaction background

·         May-2007 – R. William Wilson appointed CFO

3.      Relocate office for better access to mining related resources

·         Jun-2007 – HQ relocated to Reno, NV

4.      Re-established a robust exploration program

·         Apr-2007 – GL Environmental retained as advisors & consultants

·         Jul-2007 – Plan of Operations filed with U.S.F.S. for exploration activity on 2,000 acre portion of El Capitan Limited claim block

5.      Gold & Minerals Company merger

·         Aug-2007 – ECPN and G&M agree on merger terms

·         Feb-2008 – ECPN and G&M sign Merger Agreement

6.      Conversion to industry standard analytical assay procedures

·         Feb-2007 – ECPN Announces preliminary fire assay process results

·         May-2007 – M.H.S. Research reports initial success with fire assay techniques

·         Sep-2007 – ECPN Announces Milestone in Fire Assay R&D

ü            Fire Assay Development Update Report

·         Oct-2007 – ECPN Announces Positive PGM Assay Results

7.      Board Expansion

·         Sep-2007 –Marvin K. Kaiser and Donald W. Gentry Join Board

8.      Resource Estimation

·         Jan-2007 – Geologic resource increase from 48 to 141 million tons

·         Apr-2007 – Geologic resource estimated at 6.127 million gold equivalent ounces, classified as Measured Resource under NI 43-101 Standards

ü            NI 43-101 Report

ü            NI 43-101 Full Report with Appendices

ü            Link to NI 43-101 Standards (CIM document)