For Immediate Release� � � � � � � � � � � � � � � � � � �  � � 

March 17, 2011

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For Further Information Contact:

Brian Barnes

Equiti.trend� 

800-585-6988 or� � � � � � � � � � � � � � � � � � � 

James G. Ricketts

303-472-3298

www.elcapitanpmi.com

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ECPN RECEIVES POSITIVE RESULTS AND ENTERS INTO AN AGREEMENT ON THE ASSAY AND EXTRACTION PROCESSES WHICH POTENTIALLY HAVE � SIGNIFICANT VALUE

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Scottsdale, Arizona-Chuck Mottley, President and CEO of El Capitan Precious Metals, Inc. (OTC/BB:ECPN), has sent the following letter to shareholders:

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Dear ECPN Shareholders:

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We are making progress in our research and development of the assay and extraction process of the El Capitan Property.�  ECPN has recently entered into a joint agreement with Wendell and Co. who is the developer of the precious metals assaying and extraction processes we are using.�  The results from Wendell and Co. on samples taken from the Company’s previous drilling project have been very encouraging.

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The thermal decomposition process that Wendell and Co. has developed has exceeded ECPN’s minimum requirement of precious metals recovery and therefore we are moving forward.�  Wendell and Co. has filed a patent application on the processes in which ECPN owns a 50% interest.�  These processes have shown great promise on difficult to analyze ores containing gold and platinum group metals in a form often referred to as “nano molecular particles” and “micro-clusters”.

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We believe that the intellectual property that Wendell and Co. developed potentially has very significant commercial value.� 

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All of this information directly relates to the 141 million tons of measured resource previously reported by the Company’s geologist as determined by the extensive drilling performed in the past.�  (See website: www.elcapitanpmi.com and click on Projects, Geology, and Report Summary).

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It is the Company’s intention to contribute its 50% interest in the intellectual property to a wholly owned subsidiary which will not be sold with the El Capitan Property.�  The shares of the subsidiary will be distributed to ECPN shareholders of record on a pro-rata basis at the appropriate time.

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Additional results of tests and other factors reflecting on our goal of selling the property will be made available to you as they are received.

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Sincerely,

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Chuck Mottley

President/CEO

The statements included in this press release concerning predictions of economic performance and management’s plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended.�  This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially.�  These risks and uncertainties include, among others, the results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and the possibility that future exploration, development or mining results will not be consistent with past results and/or the Company’s expectations, discrepancies between different types of testing methods, some or all of which may not be industry standard, the ability to mine precious and other minerals on a cost effective basis,�  the Company’s ability to successfully complete contracts for the sale of its iron ore and other products;�  fluctuations in world market prices for the Company’s products; the Company’s ability to obtain or maintain regulatory approvals;�  the Company’s ability to obtain financing for the commencement of mining activities on satisfactory terms; the Company’s ability to obtain necessary financing;�  the Company’s ability to enter into and meet all the conditions to close contracts to sell its mining properties that it chooses to list for sale,�  and other risks and uncertainties described in the Company’s filings from time to time with the Securities and Exchange Commission.�  The Company disclaims any obligation to update its forward-looking statements.� 

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