Capstone Realizes C$31 Million on its Investment in Nevada Copper

VANCOUVER, Nov. 17 /CNW/ - Capstone Mining Corp. (CS: TSX) today announced that it had realized on its entire investment in Nevada Copper Corp. (NCU: TSX). Capstone recently sold 7,670,031 shares of NCU at an average price of C$4.04 per share for total proceeds of approximately C$31 million.  The average cost of the 7,670,031 shares was C$2.54 per share (resulting in an estimated C$11.5 million capital gain).

Forward-Looking Statements

This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Capstone Mining Corp. does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.

For further information:

about Capstone, please contact:

Darren Pylot, Vice Chairman & CEO,Stephen Quin, President
Or Investor Relations' Jason Howe at [phone] or [phone]
Or e-mail Capstone at [email protected]