Capstone Mining Corp.
TSX : CS

Capstone Mining Corp.

January 10, 2008 07:00 ET

Capstone Highlights Production and Sales for the Four Months Ended December 31, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2008) - Capstone Mining Corp. ("Capstone") (TSX:CS) changed its fiscal year end from August 31 to December 31 and will be filing its audited four month stub period ending December 31, 2007 in March 2008. Capstone will not be reporting quarterly financials as at November 30, 2007. Therefore, Capstone is pleased to report production and sales results for the four months ended December 31, 2007 from its Cozamin mine located in Zacatecas State, Mexico.

With the expansion from 1,000 tpd to 2,200 tpd completed, the Cozamin mine produced 260,378 tonnes during the four months ended December 31, 2007 compared with 461,933 for the entire fiscal year ended August 31, 2007. On an annualized basis this would result in 780,000 tonnes being produced (a target we expect to meet or exceed), a 69% increase over the previous year. Copper production during the four months ended December 31, 2007 was 9 million lbs compared with 13.9 million lbs for the entire fiscal year ended August 31, 2007. On an annualized basis this would result in 27 million lbs of copper being produced, a 94% increase over the previous year.



See table below for summarized results.

PRODUCTION AND SALES FOR THE FOUR MONTHS ENDED DECEMBER 31, 2007
With comparative of previous fiscal year ended August 31, 2007
(all figures unaudited, unless noted)

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Sept '06
Total to Aug '07
Sept '07 Oct '07 Nov '07 Dec '07 4 months (audited)
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Milled tonnes 59,300 63,573 71,335 66,170 260,378 461,933
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Copper Produced (lbs) 2.0M 1.9M 2.3M 2.8M 9.0M 13.9M
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Copper Sales (lbs) 2.8M 3.2M 1.3M 1.3M 8.6M 11.8M
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Zinc Produced (lbs) 0.6M 0.7M 0.7M 0.5M 2.5M 6.8M
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Zinc Sales (lbs) 1.4M Nil Nil Nil 1.4M 5.0M
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Lead Produced (lbs) 0.3M 0.4M 0.5M 0.4M 1.6M 3.0M
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Lead Sales (lbs) 0.6M Nil Nil 0.9M 1.5M 2.8M
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Note: Audited results for the 4 months ended December 31, 2007 will be
reported in March 2008.


NORMAL COURSE ISSUER BID

Further to the news releases dated July 12, 2007 and October 11, 2007 Capstone has purchased an additional 815,500 common shares at an average price of $2.76 per share. The shares have been returned to the transfer agent and subsequently cancelled. Capstone has 81,442,515 shares outstanding after the cancellation of the above share purchases.

ABOUT CAPSTONE

Capstone is a Canadian based mining company currently operating the 100% owned Cozamin copper-silver-lead-zinc mine located in Zacatecas State, Mexico. Capstone has approximately 81.4 million shares outstanding and is well financed with no bank debt. More information is available online at: www.capstonemining.com.

This press release contains "forward-looking information" that is based on Capstone's current expectations, estimates, forecasts and projections. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Capstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Capstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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