Capstone Mining Corp.

Capstone Mining Corp.

July 15, 2008 15:50 ET

Capstone Announces Normal Course Issuer Bid

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Capstone Mining Corp. ("Capstone")(TSX:CS) announces that it intends to make a normal course issuer bid (the "Bid"), to purchase, through the facilities of the Toronto Stock Exchange (the "TSX"), certain of its outstanding common shares, subject to the acceptance of the TSX. As at June 30, 2008, there were 82,451,076 common shares issued and outstanding.

The number of common shares to be purchased through the facilities of the Exchange during the period of the Bid from July 17, 2008 to July 16, 2009 will not exceed 7,992,037 Common Shares, or approximately 10% of the public float outstanding on June 30, 2008, namely 82,451,076 Common Shares. Daily purchases will be limited to 62,940 common shares, other than block purchase exceptions. Common shares purchased pursuant to the Bid will be cancelled.

Capstone believes that the market price of the common shares may, at certain times throughout the duration of the normal course issuer bid, be undervalued. The purchase of the common shares will increase the book value per common shares thereby resulting in share value appreciation for shareholders.

In the preceding 12 month period, Capstone purchased 1,519,500 of its common shares at a weighted average price of $2.64 per share under a normal course issuer bid.


Darren M. Pylot, President & CEO


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 82.4 million shares outstanding and is well financed with no bank debt. More information is available online at:

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