Capstone Reports Senior Management Change

President Stephen Quin stepping down at Year-end, but Continuing as Director

VANCOUVER, Nov. 29 /CNW/ - Capstone Mining Corp. (CS: TSX) today announced that Stephen Quin will be stepping down from his position as President of Capstone at the end of 2010, but will be continuing as a director of the Company.

"Stephen Quin made a significant contribution to the success of Capstone and its predecessor, Sherwood Copper," said Darren Pylot, Vice Chairman and CEO of Capstone.  "He has been an integral part of the team that has built Capstone into what it is today, and we appreciate his contributions to that success.  Stephen will continue to serve as a director of Capstone and we look forward to benefiting from his continuing input and experience," he added.  "Going forward, all of us at Capstone wish him the very best in his future endeavours."

"In five years, we have achieved a great deal with Capstone and its predecessor, Sherwood Copper Corp.," said Mr. Quin.  "Starting Sherwood with a modest market capitalization of under C$10 million, we were able to acquire the Minto project, advance it through feasibility to production in two years, on time and on budget. In the three years since, mill throughput has been doubled and the discovery of seven new deposits more than doubled the mineral resources at Minto.  In addition, the Company acquired the Kutcho copper-zinc deposit and are well along the process of revamping the project as a high grade underground project and advancing it to a development decision," he said.  "The complimentary combination of Capstone and Sherwood Copper was a transformative event, producing a well-financed and low cost copper producer with a market capitalization of approximately C$900 million that is well positioned to continue its growth into one of the premier intermediate copper producers on the international stage. None of this could have been achieved without the contributions of a talented and dedicated team of employees, the support of local governments and First Nations, and the guidance of our board of directors. I look forward to continuing to work with this outstanding group as a director of the Company, while I refocus on new opportunities."

The departure of Mr. Quin has been under discussion for some time and arrangements for an orderly transition have been established and are well in process.

Forward-Looking Information
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. (the "Company") 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:

For further information about Capstone, please contact:

Darren Pylot, Vice Chairman & CEO or Jason Howe, VP Business Developmentat [phone] or [phone] or e-mail Capstone at [email protected]