El Capitan Precious Metals Announces Replacement of Common Stock Rights Plan with Preferred Stock Rights Plan

El Capitan Precious Metals, Inc.

announced today that it amended its existing common stock rights plan, commonly known as a poison pill, effective August 25, 2011. Under the terms of the amendment, the Company's existing common stock purchase rights will expire on September 6, 2011, rather than on December 25, 2015 as originally provided. In connection with amending the existing rights plan, and in order to maintain continued shareholder protection from coercive takeover attempts, the Board of Directors of El Capitan adopted a new preferred stock rights plan to replace it.