Capstone Mining Reports Annual General Meeting Voting Results

VANCOUVER, April 28, 2016 /CNW/ - Capstone Mining Corp. ("Capstone") (TSX: CS) today announced the voting results from its 2016 Annual General Meeting held Wednesday, April 27, 2016 in Vancouver, British Columbia.

A total of 246,256,131 common shares were voted at the meeting, representing 63.65% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees listed in the information circular for the meeting as follows:

Director

% of Votes in Favour

% of Votes Withheld

Lawrence I. Bell

65.17

34.83

George L. Brack

65.06

34.94

Chantal Gosselin

99.68

0.32

Soon Jin Kwon

99.75

0.25

Kalidas V. Madhavpeddi

99.33

0.67

Dale C. Peniuk

65.55

34.45

Darren M. Pylot

99.73

0.27

Richard N. Zimmer

99.68

0.32

The resolution to set the number of directors at eight was approved by 79.69% of the votes cast for the resolution. Deloitte LLP, Chartered Professional Accountants were reappointed Capstone's auditors for the ensuing year.

Detailed voting results for the 2016 Annual General Meeting are available on SEDAR at www.sedar.com.

About Capstone Mining Corp. 
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our three producing mines are the Pinto Valley copper mine located in Arizona, US, the Cozamin copper-silver mine in Zacatecas State, Mexico and the Minto copper mine in Yukon, Canada. In addition, Capstone has two development projects; the large scale 70% owned copper-iron Santo Domingo project in Region III, Chile, in partnership with Korea Resources Corporation, and the 100% owned Kutcho copper-zinc project in British Columbia, Canada, as well as exploration properties in Chile and US. Capstone's strategy is to continue to extend the lives of our current mines with mineral resource and reserve expansions, maintain the optionality on the Santo Domingo development project, prudently progress the exploration portfolio and grow through acquisitions in politically stable, mining-friendly regions. We will pace our growth with our financial capacity, to retain, as a priority, sufficient financial flexibility to meet the requirements of our existing operations and our committed development projects, while maintaining an adequate cushion to deal with market volatility and operating risks inherent in the mining industry. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

SOURCE Capstone Mining Corp.

For further information: Cindy Burnett, VP, Investor Relations and Communications, 604-637-8157, cburnett@capstonemining.com

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