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For Immediate Release� � � � � � � � � � � � � � � � � � � � �
March 22, 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 TAKES ACTION AGAINST� INDIVIDUAL IMPERSONATNG COMPANY CEO
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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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Last Friday ECPN experienced an unfortunate incident.� An unscrupulous individual impersonated me as President and CEO of ECPN and posted an illegal and fraudulent message on the ECPN Message Board at Yahoo Finance.� This posting was a blatant act to cause fear in you and to try to drive down the price of our stock.� Unfortunately it appears that it worked to some degree.� We are hoping that law enforcement authorities will bring criminal action against this individual.
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You need to know that there are people out there who hope to make large amounts of money by driving down the price of our stock.� This is especially true now that we are making significant headway towards accomplishing our goals.� We are all seeing these negative posts on a regular basis.� You need to be on the alert for those who undertake such problematic activity and spread negativity as much as they can.� You know that they do not have your best interests in mind or the best interests of ECPN in mind.� They only have their own self-serving financial interests in mind.
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Please know we are here moving forward, making progress on a daily basis, and believe that the near future will bring results that will reward all of you who have been loyal for so long.� When these criminals come out against us, you know we are doing well.
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The ECPN Team is very focused on creating shareholder value and promoting the company's positive direction. In confirmation of this you should note the Directors� of ECPN have not sold one share of their stock since accepting their current assignments as of April of 2008. I hope you see by the actions of ECPN leaders that we firmly believe� the company's best days are still ahead
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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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