El Capitan President/CEO to Acquire ECPN Stock in the Open Market.

SCOTTSDALE, Ariz. -- El Capitan Precious Metals Inc. (OTCBB:ECPN) reports: Chuck Mottley, company president and CEO, has agreed to institute a Stock Purchase Plan under the provisions of SEC Rule 10b5-1. The Stock Purchase Plan contemplates the purchase of up to $1 million in value of ECPN common stock commencing Tuesday, August 8, 2006.

Mottley stated: "It is my belief that the company's recent share price trading level is not in line with the value of the company stock. I have the utmost of confidence in the future of the company."

Rule 10b5-1 allows corporate executives, directors and other insiders to establish pre-arranged plans, when the insiders do not possess material undisclosed information, to buy or sell a specified number of shares of a company's stock at prices and times outside the insider's discretion. Once the plan is in place, insiders do not retain discretion over transactions to be consummated under the plan, although the insider may later amend or terminate the plan. Purchases made under this Rule 10b5-1 plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission.

El Capitan Precious Metals Inc. is an exploration stage company that owns a 40% interest in the El Capitan property located near Capitan, N.M., as well as a joint venture and 20% ownership of 13 mining claims and other assets known as the C.O.D. mine located near Kingman, Ariz. In addition, the company owns contractual rights to the Rainbow Valley property consisting of 1,660 acres and 100% of the Weaver mine, both near Phoenix.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and the possibility that future exploration, development or mining results will not be consistent with past results and/or the company's expectations, discrepancies between different types of testing methods, some or all of which may not be industry standard, the ability to mine precious and other minerals on a cost-effective basis, the company's ability to successfully complete contracts for the sale of its iron ore and other products; fluctuations in world market prices for the company's products; the company's ability to arrange transportation from its mining properties to ocean ports on satisfactory terms; the company's ability to obtain or maintain regulatory approvals; the company's ability to obtain financing for the commencement of mining activities on satisfactory terms; the company's ability to obtain necessary financing; the company's ability to enter into and meet all the conditions to close contracts to sell its mining properties that it chooses to list for sale, and other risks and uncertainties described in the company's filings from time to time with the Securities and Exchange Commission. The company disclaims any obligation to update its forward-looking statements.