Capstone Mining Corp. announced assay results from a new discovery, called 'Minto East', at its high grade Minto copper-gold mine in the Yukon. These drill intercepts, which are located on the east perimeter of the current open pit mine, also demonstrate continuity of high grades from an intercept drilled nearby in 2007 and enhance Capstone's confidence level in this new high grade copper-gold discovery. In September of this year, the first test of this Titan 24 geophysical anomaly, hole 09SWC583, was drilled very close to the geophysical survey line, and more than 180 metres west of hole 07SWC-176. Hole 09SWC583 intersected a narrow mineralized horizon that also appeared to be deeper than the geophysical anomaly. Drill hole 09SWC584, and follow-up hole 09SWC586, were collared further east, closer to hole 07SWC-176, and returned the excellent copper grades and thickness noted above. With only four holes completed to date, two new and two older ones, the full dimensions of this discovery are obviously unknown. The Minto East discovery has been tested along the dip direction for a minimum distance of 120m (i.e. in the north-northwest to south-southeast direction) and 55m in an east-west direction. It should be noted that the high grade trends at the nearby Main and Area 2 deposits typically measure between 300m to 400m in the north-northwest to south-southeast direction and 200m in an east-west direction. The Minto East discovery is partially open to the west (to a point somewhere between holes 09SWC-583 and -584) and is fully open in the north, south and east directions.

Capstone Mining Corp. reported cash from operations for the third quarter of 2009. For the quarter, the company posted a cash flow from mining operations of USD 36.6 million on sales of 24.6 million pounds of copper compared to cash flow from operations at USD 22.6 million on sales of 0.8 million pounds of copper in the second quarter. The company announced that it continue to generate strong cash flow as a result of its low cost of production and improving metal prices.

Capstone Mining Corp. announced production results for the third quarter and nine months ended September 30, 2009. Combined production totaled 17.7 and 66.8 million pounds of copper in concentrates for the three and nine months ended September 30, 2009, with additional significant by-products of lead, zinc, silver and gold. It reported production of 17.7 and 66.8 million pounds of contained copper, respectively, which is a below average quarter as a results of coincident low production cycles at both mines. By-product production of 5.1 and 10.8 million pounds of zinc, 3.2 and 6.7 million pounds of lead and 411,414 and 1,285,659 ounces of silver in concentrates, respectively. Lead and zinc production are higher than average as a result of the Cozamin mine focusing on lower copper, higher lead-zinc areas of the mine while new, deeper, high grade copper areas were being developed. It reported production of 17.0 and 64.4 million pounds of payable copper in concentrate for the third quarter and first nine months of 2009, respectively. In Cozamin mine, it produced 8.2 and 27.9 million pounds of copper contained in concentrates, respectively, along with by-products of 5.1 and 10.8 million pounds of zinc, 3.2 and 6.7 million pounds of lead and 366,216 and 1,075,110 ounces of silver; It processed 236,938 tonnes (2,575 tpd) and 735,238 tonnes (2,693 tpd) of ore averaging 1.73% and 1.87% copper, 1.51% and 1.11% zinc, 0.89% and 0.61% lead, with 67 and 63 grams per tonne ('g/t') silver. In Minto mine it produced 9.5 and 38.9 million pounds of copper contained in concentrates, along with by-product 45,198 and 210,549 ounces of silver and gold estimated at 3,698 and 19,789 ounces. It processed 269,411 tonnes (2,928 tonnes per calendar day) and 770,194 tonnes (2,821 tpd) of ore averaging 1.76% and 2.47% copper, an estimated 0.6g/t and 1.1g/t gold and 6.7g/t and 10.6g/t silver.