Effective August 4, 2016, the Board of Directors of El Capitan Precious Metals Inc. appointed John F. Stapleton to replace Charles C. Mottley as President and Chief Executive Officer of the Company. Mr. Stapleton, 73, has been a Company director and Chairman of the Company's Board of Directors since April 2009, and previously served as Chief Financial Officer of the Company from February 2012 until January 2016. Mr. Stapleton has extensive experience with early-stage development companies and contributes a unique set of skills needed to achieve a focused strategy, early-stage funding, basic infrastructure and business model, all of which are central to creating a solid business platform to launch and scale a successful venture.