Mines Management, Inc. Announces Adjournment Of Special Meeting And Seeks To Obtain A Quorum Of Voting Shareholders Owning Shares As Of August 15, 2014

Mines Management, Inc. ("Mines Management" or the "Company") (NYSE-MARKET: MGN, TSX: MGT) announced that its Special Meeting of Shareholders ("Special Meeting") scheduled for, and convened on October 13, 2014, was adjourned due to the lack of requisite quorum. The vote in favor of two proposals was in excess of 92%. Only shareholders of record on the record date August 15, 2014 are entitled to and are being requested to vote. The Special Meeting has been adjourned to 2:00 p.m. Spokane time on Tuesday, October 28, 2014, at the Company's headquarters located at 905 West Riverside Avenue, Suite 311, Spokane, Washington 99201 to allow additional time for the shareholders to vote on the proposals set forth in the Company's proxy statement filed with the Securities and Exchange Commission ("SEC"). During the period of the adjournment, the Company will continue to solicit proxies from its shareholders with respect to the proposals set forth in the Company's proxy statement. If a shareholder has previously submitted its proxy card and does not wish to change its vote, no further action is required by such shareholder. The Company encourages all shareholders who have not yet voted to do so before October 27, 2014 at 11:59 p.m. Spokane time. No changes have been made in the proposals to be voted on by shareholders at the Special Meeting. The Company's proxy statement and any other materials filed by the Company with the SEC remain unchanged and can be obtained free of charge at the SEC's website at www.sec.gov.