El Capitan Precious Metals : December 2023 Business Update

from ECPN Board Chairman Doug Sanders

Dec. 21, 2023

What a year this has been! And what progress we've made in seeking, securing, protecting, and moving forward on the funding of our El Capitan mine operation. My Business Updates this past year have detailed many of our accomplishments.

Our accomplishments - and the list is long - were done as we worked simultaneously on multiple financial programs, each of which would result in securing the necessary funding and with timing for each program varying and ranging from next week… to next month… and into next year.

A large part of all that we accomplished was due to the support of many shareholders who have "kept the faith" that there will be light at the end of this very long (and, for decades, very dark) tunnel. I'm happy to end this year by telling you that we can, indeed, see the light. I must be respectful of what I can say and what I cannot - yet- say, but it's my hope that you can feel the optimism and excitement I've tried to convey these past few months. As much as I'd like to share more details, I will only, ever, report to you what we have actually accomplished.

We put off sending and posting this Business Update… in the hope that we might be at the point of sharing news on additional accomplishments. And we still may, before year's end.

My message today, to you and yours, is in celebration of the season… with wishes for healthy, happy, and peaceful holidays.

My warmest holiday greetings to you and your families and wishes for a healthy and prosperous New Year. Rest assured that I am "on the job" positioning us for 2024 as the year we will all look back on… a turning point in the history of El Capitan.

Your El Capitan,
Doug

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