MINES MANAGEMENT ANNOUNCES COMPLETION
OF IMPORTANT MILESTONE IN
MONTANORE PROJECT PERMITTING

Spokane, Washington � November 19, 2007 � MINES MANAGEMENT, INC. (Amex: MGN, TSX: MGT) (the "Company") is pleased to announce that the Preliminary Draft Environmental Impact Statement ("PDEIS") has been completed for the Montanore Project (the "Project") and delivered to the U.S. Forest Service (�USFS�) and Montana State Department of Environmental Quality ("DEQ") for review.

The Company's President and CEO, Glenn M. Dobbs, stated "We are extremely pleased to have the Preliminary Draft completed, as it is the culmination of all of the environmental assessment work completed to date, marking the completion of the most significant step in the EIS process. All parties involved have worked diligently to address issues related to the Project to ensure it will meet or exceed environmental standards and reduce impacts associated with the project. Mines Management is committed to conservation and taking extraordinary steps to provide the maximum amount of protection to the environment in the region."

The 900+ page document describes the project proposed by MMI, the environmental characteristics of the area, and the socio and economic situation within the region, and develops alternatives and mitigation that would help to reduce the project�s environmental impacts. The PDEIS was prepared by an EIS contractor selected and retained by the reviewing agencies and Mines Management reflecting a collaborative effort. Following the agencies' internal review, the Draft EIS will be published for public review and comment, which publication is expected in April 2008.

Mr. Eric Klepfer, of Klepfer Mining Services, who are overseeing the permitting process on behalf of the Company, stated, "This is a very important step in the overall EIS process. While this is only a preliminary draft which will go through several reviews prior to being released for public comment, it marks the first major step towards completion of the EIS and a issuance of a Record of Decision."

Mines Management is a U.S. based mineral exploration company focused on the acquisition, exploration, and advancement of silver dominant mineral projects. The company�s primary focus is currently on the advancement of the Montanore Silver-Copper Project located in the United States. The Montanore is currently undergoing an advanced stage evaluation program to support a bankable feasibility study and permitting process

Some information contained in or incorporated by reference into this report may contain forward looking statements. These statements include comments regarding the process and timing of environmental assessment and permitting activities. The use of any of the words "development", "anticipate", "continues", "estimate", "expect", "may", "project", "should", "believe", and similar expressions are intended to identify uncertainties. The Company believes the expectations reflected in those forward looking statements are reasonable. However, the Company cannot assure that the expectations will prove to be correct. Actual results could differ materially from those anticipated in these forward looking statements as a result of the factors set forth below and other factors set forth and incorporated by reference into this report: Worldwide economic and political events affecting the supply of and demand for silver and copper; volatility in the market price for silver and copper; uncertainties associated with developing new mines; technical, permitting, mining and processing problems; the availability, terms, conditions and timing of required governmental permits and approvals, and potential opposition to the majority of permits; uncertainty regarding future changes in applicable law or implementation of existing law and the factors discussed under "Risk Factors" in our Form 10-K, as amended, for the period ending December 31, 2006.