McEwen Mining Reminds Shareholders: Rights Expire December 4, 2012 at 5pm EST

Wed Nov 28, 2012 7:30am EST

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

  TORONTO, ONTARIO, Nov 28 (MARKET WIRE) --
McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) would like to provide a friendly
reminder to its shareholders that the Rights Offerings will continue to
remain open until 5:00 p.m. EST on Tuesday, December 4, 2012. Holders of
both MUX.RT and MAQ.RT subscription rights will need to exercise their
subscription rights prior to that time and date. In addition to normal
channels, holders of MUX.RT are also able to use the subscription agent
(Computershare Trust Company N.A.) to sell their rights until 11:00 a.m.
EST on Thursday, November 29, 2012.

    The McEwen Mining rights (MUX.RT) will cease trading on the NYSE at the
close of trading day on Monday, December 3, 2012. The McEwen Mining
rights (MUX.RT) and Exchange Co. rights (MAQ.RT) will cease trading on
the TSX at 12:00 noon EST on Tuesday, December 4, 2012.

    If you have any questions regarding the Rights Offerings, please contact
McEwen Mining's Investor Relations team at 1-866-441-0690 or by e-mail at
info@mcewenmining.com or the Rights Offering information agent, Georgeson
Inc., (an affiliate of our Rights Agent, Computershare) toll-free at
1-888-497-9677 (in North America) or 1-212-440-9800 (outside North
America), or by e-mail at mux@georgeson.com.

    ABOUT MCEWEN MINING (www.mcewenmining.com) 

    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 September 30, 2012,
McEwen Mining had cash and liquid assets of $20.6 million.

    CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

    This press release contains certain forward-looking statements and
information, including "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. The forward-looking
statements and information expressed, as at the date of this press
release, McEwen Mining Inc.'s (the "Company") estimates, forecasts,
projections, expectations or beliefs as to future events and results.
Forward-looking statements and information are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies, and there can be no
assurance that such statements and information will prove to be accurate.
Therefore, actual results and future events could differ materially from
those anticipated in such statements and information. Risks and
uncertainties that could cause results or future events to differ
materially from current expectations expressed or implied by the
forward-looking statements and information include, but are not limited
to, risks related to business integration as a result of the business
combination between the Company and Minera Andes, factors associated with
fluctuations in the market price of precious metals, mining industry
risks, political, economic, social and security risks associated with
foreign operations, risks associated with the construction of mining
operations and commencement of production and the projected costs
thereof, risks related to litigation, property title, the state of the
capital markets, environmental risks and hazards, uncertainty as to
calculation of mineral resources and reserves and other risks. Readers
should not place undue reliance on forward-looking statements or
information included herein, which speak only as of the date hereof. The
Company undertakes no obligation to reissue or update forward-looking
statements or information as a result of new information or events after
the date hereof except as may be required by law. See McEwen Mining's
Annual Report on Form 10-K for the fiscal year ended December 31, 2011
and other filings with the Securities and Exchange Commission, under the
caption "Risk Factors", for additional information on risks,
uncertainties and other factors relating to the forward-looking
statements and information regarding the Company. All forward-looking
statements and information made in this news release are qualified by
this cautionary statement.

    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.

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

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

Facebook: www.facebook.com/McEwenRob
Twitter: www.twitter.com/McEwenMining

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