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Capstone Mining 2013 First Quarter Production Results

Q1 2013 Operating Details

                                                 Cozamin   Minto  Q1 Total
    Production [2]
    (contained in concentrates)
                   -Copper (000s pounds)          10,142    8,444   18,586
                   -Zinc (000s pounds)             4,949        -    4,949
                   -Lead (000s pounds)               937        -      937
                   -Silver (ounces)              366,523   35,749  402,272
                   -Gold (ounces)                      -    3,502    3,502
    Mine
                   -Tonnes of ore mined          296,849  416,502  713,351
    Mill
                   -Tonnes processed             275,900  333,346  609,246
                   -Tonnes processed per day       3,066    3,704    6,770
                   -Copper grade (%)                1.80     1.26     1.50
                   -Zinc grade (%)                  1.24        -     1.24
                   -Lead grade (%)                  0.25        -     0.25
                   -Silver grade (g/t)              58.0      4.3     28.6
                   -Gold grade (g/t)                   -     0.42     0.42
    Recoveries
                   -Copper (%)                      92.7     91.1     91.8
                   -Zinc (%)                        65.6        -     65.6
                   -Lead (%)                        62.6        -     62.6
                   -Silver (%)                      71.3     78.3     71.9
                   -Gold (%)                           -     78.6     78.6
    Concentrates [2]
                   -Copper concentrates (dmt)     17,328   10,675   28,003
                                  Copper (%)        26.5     35.9     30.1
                                  Silver (g/t)       548      104      379
                                  Gold (g/t)           -     10.2     10.2
                   -Zinc concentrates (dmt)        4,681        -    4,681
                                  Zinc (%)          48.0        -     48.0
                   -Lead concentrates (dmt)          715        -      715
                                  Lead (%)          59.5        -     59.5
                                  Silver (g/t)     2,672        -    2,672

    Payable copper produced (000s lbs)             9,711    8,170   17,811
    Cash cost per pound of payable copper[1]       $1.06    $2.50    $1.72

(2) Adjustments based on final settlements will be made in future periods.

Outlook

Capstone's 2013 guidance for 85 million pounds ± 5% of copper in concentrates, at a total cash cost [ 1 ] of $1.65 to $1.75 per pound of payable copper, net of by-product credits and selling costs, remains unchanged.

(1) The item marked with a "1" is an alternative performance measure; please see "Alternative Performance Measure" at the end of this release.

Q1 Financial Results Timing

Capstone will report 2013 first quarter financial results on Wednesday, May 8, 2013 after market close, followed by a conference call and webcast for investors and analysts on Thursday, May 9, 2013 at 11:30 am Eastern Time ( 8:30 am Pacific Time).

Conference Call and Webcast Details


    Date:           Thursday, May 9, 2013
    Time:           11:30 am Eastern Time -- 8:30 am Pacific Time
                    North America: 1-888-390-0605, International:
    Dial in:        +416-764-8609
    Webcast:        http://www.newswire.ca/en/webcast/detail/1134543/1237395
                    North America: 1-888-390-0541, International:
    Replay:         +416-764-8677
    Replay
    Passcode:       378784

The conference call replay will be available until May 23, 2013. The conference call audio and transcript will be available on Capstone's website within approximately 24 hours of the call at http://capstonemining.com/s/Conference_Calls.asp

About Capstone Mining Corp.

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