Mines Management Raises $1.25M from Sale of Assets

Mines Management Inc. (NYSE-MARKET: MGN) announced today that it has raised $1.25 million through the sale of assets.  Funds will be used for general working capital and advancement of permitting for the Montanore silver-copper project. The assets sold are equipment utilized previously for construction of infrastructure at the Montanore silver-copper project, which has been idle since discontinuance of construction and rehabilitation activities in 2010.  The Company's Chairman & CEO, Mr. Glenn M. Dobbs, stated, "We are pleased to have raised the additional cash that will enable ongoing Montanore and corporate operations.  We remain focused on completion of the Final Record of Decision by the permitting agencies, and pursuing strategic alternatives to provide financial resources for completion of an evaluation/feasibility study at the project.  Montanore is a highly desirable project.  Our objective is to continue moving the project forward in anticipation of an eventual turnaround in commodities financial markets." Management believes that the funds raised from the equipment sale are sufficient to sustain the Company's business and operations through the end of November 2015, and potentially further with additional asset sales.  Additional external See full press release