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MINES MANAGEMENT, INC.
ANNOUNCES COMMON STOCK OFFERING
Spokane, Washington, March 2,
2011 � Mines
Management, Inc. ("Mines Management" or the
"Company") (NYSE Amex: MGN, TSX: MGT) is pleased to announce
that it intends to offer shares of its common stock pursuant to the
Company's shelf registration statement. The offering is subject to market
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering.
Mines Management
intends to use the net proceeds from this offering for (i) the
advancement of the permitting process for its Montanore Project and the
commencement of the Company's planned delineation drilling program, which
will include advancement of the adit, establishment of drilling stations
and commencement of exploratory drilling and (ii) for general corporate
purposes, including possible acquisition and exploration of new mining
properties.
Roth Capital
Partners, LLC is acting as sole manager for the offering.
The offering is being
made by way of a shelf registration statement, which was declared
effective by the Securities and Exchange Commission ("SEC") on
October 27, 2009, a base shelf prospectus and a preliminary prospectus
supplement, each of which has been filed with the SEC. Before you invest,
you should read the preliminary prospectus supplement and the base shelf
prospectus in that registration statement and other documents that Mines
Management has filed or will file with the SEC for more complete
information about Mines Management and the offering. Electronic copies of
the preliminary prospectus supplement incorporating the base shelf
prospectus relating to the offering may be obtained by either contacting
the underwriter (as set forth below) or by accessing the SEC website, www.sec.gov.
Roth Capital
Partners, LLC
Attn: Syndicate Department
24 Corporate Plaza
Newport Beach, CA 92660
Phone: 800-678-9147
Email: Rothecm@roth.com
About Mines
Management Inc.
Mines Management,
Inc. is engaged in the business of acquiring and exploring, and if
exploration is successful, developing mineral properties, primarily those
containing silver and associated base and precious metals. Its primary
focus is on the advancement of the Montanore silver-copper project
located in northwestern Montana..
For further
information, please contact:
Mines Management,
Inc.
Attn: Douglas Dobbs
905 W. Riverside Ave., Ste. 311
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
This press release contains forward-looking
statements within the meaning of the U.S. Securities Act of 1933, as
amended, and U.S. Securities Exchange Act of 1934, as amended, including
statements regarding this proposed offering. Forward-looking statements
are all statements, other than statements of historical facts, included
in this press release that address activities, events or developments
that Mines Management expects or anticipates will or may occur in the
future, including such things as whether or when the offering may be
completed, the size or terms of the offering and the anticipated use of
proceeds. When used in this press release, the words
"potential", "indicate", "expect",
"intend", "possible", "hopes",
"believe", "may", "will", "if" and
similar expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of Mines Management to be materially different from any future results,
performance or achievements expressed or implied by such statements. Such
factors include, among others, uncertainty of market response to the
offering, the pricing of the offering, the future use of proceeds, fluctuations
in silver and copper prices, general economic conditions, economic or
political events affecting the supply of and demand for silver and
copper, changes in U.S. securities markets, failure to receive regulatory
approvals or changes in the attitude of state and local officials to the
Montanore Project; as well as those factors discussed in Mines
Management's latest Annual Report on Form 10-K and Quarterly Report on
Form 10-Q and other documents filed with the U.S. Securities and Exchange
Commission. Although Mines Management has attempted to identify important
factors that could cause actual results to differ materially from those
described in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. Except as
required by law, Mines Management assumes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact:
Mines Management, Inc.
Douglas Dobbs, Vice President Corporate Development & Investor
Relations
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
Web: www.minesmanagement.com
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