Mines Management Announces Appointments to Its Professional Staff at the Montanore...

Mines Management Announces Appointments to Its Professional Staff at the Montanore Project

SPOKANE, Wash.--(Business Wire)--Mines Management, Inc. (AMEX:MGN) (TSX:MGT) ("Mines Management" or
the "Company"), is pleased to announce recent appointments to its
operational team at the Montanore Silver-Copper Project, located in
northwestern Montana.

John Thompson is a professional engineer and has been appointed to
serve as Vice President of the Company's wholly owned subsidiary,
Montanore Minerals Corporation, and General Manager of the Montanore
Project. Mr. Thompson will oversee advancement of the upcoming
underground drill program and the feasibility study for the Montanore
Project, and will start in January, 2008.

Mr. Thompson has more than 30 years of experience in the mining
sector with significant underground operations experience, including
at the Stillwater platinum-palladium mine in southeastern Montana,
Gulf Minerals and United Nuclear. Mr. Thompson has also provided
consulting services to companies internationally, including Pan
American Silver, Bema Gold, Endeavour Silver, and Strathmore Minerals.

Rod MacLeod is a professional geologist who joins Mines Management
as Chief Geologist and will oversee planning, analysis and handling
processes for the drill program, resource estimation modeling, and
collaboration with the third-party contractor for the feasibility
study. Mr. MacLeod has over 20 years of experience, during which time
he has worked for companies including Newmont Exploration, Dakota
Mining, Lacana Gold Corp., and Homestake Mining. Most recently,
Mr. MacLeod worked for Phelps Dodge at its Bagdad, Arizona, copper
project, where he served as Senior Geologist.

Denver Winslow has been appointed as Project Engineer. A mining
engineer, Mr. Winslow will oversee engineering activities for the
drill program at the Montanore, and coordinate development of the
planned feasibility study. Mr. Winslow has significant experience in
mining operations, including with Barrick Gold as Senior Mine Engineer
at the Meikle/Rodeo Mine in Nevada, as well as for Kennecott, Phelps
Dodge and Asarco. Most recently, Mr. Winslow served as Senior Mine
Engineer for J.R. Simplot at the Smoky Canyon Mine in Afton, Wyoming.

Mines Management's President and CEO, Mr. Glenn Dobbs, stated, "We
are gratified with the high level of experience and expertise
attracted to the Montanore. These and the other individuals that make
up the Montanore team have already demonstrated a high level of
excellence in advancing this large project and a conscientious effort
to do it safely and responsibly."

The Company's Montanore Project team now totals fourteen people
between the operational office in Libby and the Montanore Project
site. The Company anticipates that its Libby, Montana-based team will
grow to approximately 25-35 employees during 2008 as it ramps up
activities related to the underground evaluation program.

Mines Management is a U.S.-based mineral exploration company
currently focused on advancement of the Montanore Silver-Copper
Project located in northwestern Montana. The Montanore Project is
currently undergoing an advanced-stage underground evaluation program
and permitting process.

Forward-Looking Statements

Some information contained in or incorporated by reference into
this report may contain forward-looking statements. These statements
include comments regarding the commencement of employment and the
timing of evaluation 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.

Mines Management, Inc.
Douglas Dobbs
Vice President, Corporate Development and
Investor Relations
Phone: 509-838-6050
Fax: 509-838-0486
Email: info@minesmanagement.com
Website: www.minesmanagement.com

Copyright Business Wire 2007