G&M Merger Info

ECPN Planned Merger With Gold and Minerals Company, Inc.

El Capitan Precious Metals, Inc. (ECPN)  owns 40% of the El Capitan deposit through our 40% position in El Capitan, Ltd., which is in turn 60% owned by our partner, Gold and Minerals Company, Inc. (G&M).  ECPN acquired our position in this asset in October 2002, and has controlled all aspects of exploration and development at the site since October 2004. ECPN and G&M share all project related expenses at the site on an ownership-weighted basis (i.e. 40% ECPN : 60% G&M).   ECPN and G&M management of believe that it is in the long-term interests of the shareholders of both companies to simplify the ownership structure of the asset in preparation for possible future partnership or other transactions.  The merger of G&M with ECPN will accomplish this goal. This web site location will be a repository for key public documents related to this process.  We welcome G&M shareholders to our site, although we encourage G&M shareholders to continue to contact G&M management with specific questions related to the merger or any other shareholder related issue.