Announcement: McEwen Mining Rights Offering FAQ Conference Call November 1st, 2 pm ET

Wed Oct 31, 2012 4:25pm EDT

* Reuters is not responsible for the content in this press release.

McEwen Mining Inc. ("McEwen Mining") (NYSE:MUX) (TSX:MUX) Chief Owner,
Rob McEwen, along with senior management, will be hosting a conference
call tomorrow, November 1, 2012 at 2:00 PM EST to discuss the Rights
Offering and address questions that shareholders might have. The Rights
Offering was announced by the Company on October 29, 2012 and can be
accessed here:

Participant dial-in number(s): 416-695-7806 / 1-888-789-9572                
Participant pass code: 6982485#                                             
Dial-in number(s): 905-694-9451 / 1-800-408-3053                            
Pass code: 7204869#                                                         


    The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by
2015 by creating a high quality, high growth, low-cost, mid-tier gold
producer focused in the Americas. McEwen Mining's principal assets
consist of the San Jose mine in Santa Cruz, Argentina (49% interest); the
El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US;
the Los Azules Copper project in San Juan, Argentina and a large
portfolio of exploration properties in Argentina, Nevada and Mexico.

    McEwen Mining has 268,495,751 shares issued and outstanding (comprised of
190,516,797 Common Shares and 77,987,621 Exchangeable Shares). Rob
McEwen, Chairman and Chief Owner, owns approximately 25% of the shares of
McEwen Mining (assuming all outstanding Exchangeable Shares are exchanged
for an equivalent amount of Common Shares). As of June 30, 2012, McEwen
Mining had cash and liquid assets of $38 million.

    The NYSE and TSX have not reviewed and do not accept responsibility for
the adequacy or accuracy of the contents of this news release, which has
been prepared by management of McEwen Mining Inc.

McEwen Mining Inc.
Jenya Meshcheryakova
Investor Relations
(647) 258-0395 ext 410 or Toll Free: (866) 441-0690
(647) 258-0408 (FAX)

Mailing Address
McEwen Mining Inc.
181 Bay Street Suite 4750
Toronto, ON M5J 2T3
PO box 792

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