Capstone Reports Senior Management Change

VANCOUVER, Oct. 31, 2012 /CNW/ - Capstone Mining Corp. ("Capstone") (TSX: CS) today announced the resignation of Mr. Tony Giardini, CA, CPA, as Sr. Vice President and Chief Financial Officer of Capstone, effective November 30, 2012.

Mr. Giardini has accepted the position of Executive Vice-President and Chief Financial Officer at Kinross Gold Corporation. "We understand Tony's decision to accept the opportunity at Kinross and wish him the best," said Darren Pylot, President and CEO of Capstone.

Capstone will immediately commence a search for a new Chief Financial Officer.

About Capstone Mining Corp.

Capstone Mining Corp. is a Canadian base metals mining company with two producing copper mines, the Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico and the Minto copper-gold-silver mine in Yukon, Canada. In addition, Capstone has two development projects, the large scale 70% owned Santo Domingo copper-iron-gold project in Chile in partnership with Korea Resources Corporation and the 100% owned Kutcho copper-zinc-gold-silver project in British Columbia, as well as exploration at properties in Australia, Canada, Chile and Mexico. Using its cash flow and strong balance sheet as a springboard, Capstone aims to grow organically through continued mineral resource and reserve expansions and through acquisitions in politically stable, mining-friendly regions. Additional information is available at www.capstonemining.com.

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 does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. 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 Capstone to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

SOURCE: Capstone Mining Corp.

Cindy Burnett, VP, Investor Relations and Communications
604-637-8157
[email protected]