Capstone Temporarily Halts Operations at Cozamin in Response to Mexican Presidential Decree



    
    All non-essential activities in Mexico ordered halted from May 1 to May 5
    in response to Flu Pandemic
    

    VANCOUVER, May 1 /CNW/ - Capstone Mining Corporation (CS: TSX) today
reported that, in accordance with a Presidential Decree, that it will cease
operations at its Cozamin Mine in Zacatecas from May 1 to May 5, 2009, with
normal operations resuming on May 6, 2009. The Presidential Decree orders all
non-essential government and private sector activities to be suspended for
this period, except for essential services and those needed to help fight the
swine flu pandemic.
    "Capstone is moving quickly to facilitate an orderly suspension of
operations at its Cozamin Mine in order to fully support the Mexican
government's efforts to fight the swine flu pandemic," said Stephen P. Quin,
President & COO of Capstone. "While, as far as we are aware, there have been
no cases of swine flu reported in Zacatecas or among our workers, Capstone
will do its part to help the government reduce the risk of the flu spreading.
Although five days of production will be lost as a result of this closure, we
do not view this closure as material to our production forecasts. The Cozamin
Mine was ahead of budgeted production in April and has been consistently
exceeding expectations over the past month. Capstone therefore remains
confident that the lost production will be recouped when operations resume and
that we'll achieve our objectives for the year. Limited supervisory, key
personnel and security will remain working to maintain the security of the
operation and facilitate a smooth start up of operations on May 6, 2009."
    Capstone has been working with its employees and their families, and its
contractors to minimize the impacts of the flu pandemic. These measures appear
to have been successful in maintaining a safe and healthy work environment,
always a top priority for Capstone in any circumstances. Capstone will
continue working with its medical staff and the appropriate authorities to
ensure that continues.

    
    The TSX does not accept any responsibility for the adequacy or accuracy
    of this press release.
    

    Forward-Looking Statements

    This document may contain "forward-looking statements" within the meaning
of Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this document and Capstone Mining Corp. (hereinafter referred to
as the "Company") do not intend, and do not assume any obligation, to update
these forward-looking statements.
    Forward-looking statements relate to future events or future performance
and reflect management of the Company's expectations or beliefs regarding
future events and include, but are not limited to, statements with respect to
the estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production, costs
of production, capital expenditures, success of mining operations,
environmental risks, unanticipated reclamation expenses, title disputes or
claims and limitations on insurance coverage. In certain cases,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or "will
be taken", "occur" or "be achieved" or the negative of these terms or
comparable terminology. By their very nature forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors include,
among others, risks related to actual results of current exploration
activities; changes in project parameters as plans continue to be refined;
future prices of resources; possible variations in ore reserves, grade or
recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in the Company's interim and annual financial
statements and management's discussion and analysis of those statements, all
of which are filed and available for review on SEDAR at www.sedar.com.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements.
    Accordingly, readers should not place undue reliance on forward looking
statements.





For further information:

For further information: about Capstone, please contact: Darren Pylot,
Vice Chairman & CEO, Stephen Quin, President & COO Or Investor Relations' Mark
Patchett at (604) 684-8894 or (866) 684-8894, info@capstonemining.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890