 El Capitan Precious Metals, Inc. Meeting of Shareholders November 20, 2012Scottsdale, AZ

Informational Meeting  Agenda  Financial Report  Equity Credit Line  Metallurgical Data  Sundancer Method  Proven Technologies LLC  Project Description and Report  Marketing Plan Outline

Financial Report  Exhibits  Balance Sheet  P & L  Major Cash Operating Expenses

Balance Sheet El Capitan Precious Metals, Inc. Condensed Consolidated Balance Sheet - September 30, 2012 (Estimated) Assets Current Assets$300,518 Other Assets1,904,143 Total Assets$2,204,661 Liabilities and Shareholder Equity Current Liabilities$128,163 Stockholder Equity2,076,498 $2,204,661

Profit & Loss Statement El Capitan Precious Metals, Inc. Condensed Consolidate Statement of Expense For the Year Ended September 30, 2012 (Estimated) Operating Expenses Exploration and mineral processing research$611, 106 Legal and accounting178,909 Administrative compensation255,000 Other general and administrative873,400 Miscellaneous Income - Interest(211) Net Loss$1,918,204

Major Cash Operating Expenses FY 2012 Major Expense Estimates Legal (SEC and corporate)$115,667 Accounting (Audit and SEC)$63,232 Marketing (IB and consulting)$192,596 Mineral Extraction Process$215,065 Outside mine consulting fees$263,057 Filing fees and other fees$62,710 Insurance (D&O and general liability)$40,750

Funding through Closing  El Capitan considered using a loan. The terms available required that we pledge all the assets of the Company. Management judged that to be too risky.  We don’t know the timing required to sell the property. The development of data is complete. Now we are prospecting for buyers. A “stand still” agreement to allow for the prospect’s on-site, due diligence and finally the negotiations to closing are all in front of us.  With the Equity Line in place, El Capitan will not find itself with its back to the wall, due to being “out of funds” at a critical point in the process and negotiation.

Equity Credit Line  Established an Equity Credit Line for $5,000,000  Origination Fee of 80,000 shares of 144 Stock  Pricing period is 5 days after a PUT  Price is average of 2 lowest days of the period  Discount is 6%  Utilized $2,000,000 through end of Fiscal Year  The total dilution from this financing instrument is less than 2.5%

Metallurgical Data Sample Amount of Ore Processed (10 to 1 ) Cons or Head Ore Silver Ozs/Ton Of Head Ore Gold Ozs/Ton Of Head Ore Dore Bar 1 - SOLD200 lbsMagnetite Cons 41 ozs.19 ozs Dore Bar 2 - SOLD 20 lbsMagnetite Cons 190 ozs-0- * *Inquarted with Gold El Cap Cons9 X 1 lbsMagnetite Cons 158 ozs (average).14 ozs (average) Hazen (Chain of Custody) 20 X 1 lbsHematite Head Ore 77 ozs (average).13 ozs (average) Proven Tech700 lbsCons179 ozs-0- NOTE: THESE RESULTS ARE NOT NECESSARILY REPRESENTATIVE OF THE 141,000,000 TONS OF MEASURED RESERVES. THEY ARE SAMPLES.

Sundancer Smelting Method  Modified Fire Assay

Sundancer Smelt

Specific Gravity Data

Proven Technologies System

Separation Demonstration

Material Ready to Smelt

Project Description and Report

 El Capitan Precious Metals is working along side Houlihan Lokey to Market the El Capitan property to a number of potential strategic buyers and investors  In February 2012, El Capitan Precious Metals engaged Houlihan Lokey as its exclusive financial advisor to assist the Company in evaluating potential strategic alternatives related to the El Capitan property Continued

Project Description and Report Cont’d  El Capitan updated the research report ( format) and delivered it to Houlihan Lokey to allow the firm to conduct due diligence on the El Capitan property  In July 2012, Houlihan Lokey witnessed the recovery demonstration on samples collected under chain- of-custody protocols, in preparation for due diligence by prospective buyers  Houlihan Lokey is in the early stages of exploring strategic alternatives for El Capitan

Marketing Plan Outline

 Though it is early in the strategic alternatives process, El Capitan and Houlihan Lokey have developed a marketing plan for next steps  Houlihan Lokey will continue to contact potential interested parties  The objective will be to determine which parties have an interest in moving forward with a more in-depth review  El Capitan and Houlihan Lokey plan to demonstrate the separation and recovery procedure to these parties on- site and through third-party validation Continued

Marketing Plan Outline Cont’d  It is expected that on-site demonstrations will lend credibility to the recovery procedure and generate further interest in the property  At the same time El Capitan will continue to seek ways to generate cash to cover expenses, potentially through additional recovery activities  El Capitan continues to work diligently with its advisors and professionals to maximize value for shareholders  Management will continue to report material developments in the marketing process

El Capitan Precious Metals, Inc. Questions