Announcement: McEwen Mining Third Quarter Conference Call November 7, 2 PM EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - McEwen Mining Inc. ("McEwen Mining") (NYSE:MUX)(TSX:MUX) Chief Owner, Rob McEwen, along with senior management, will be hosting a conference call Wednesday, November 7, 2012 at 2:00 PM EST to provide the third quarter Company update. McEwen Mining's third quarter production results can be accessed here: http://mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2012/McEwen-Mining-Third-Quarter-2012-Production-Results-and-Discovery-of-New-Vein-System-at-the-San-Jose-Mine-in-Argentina1131506/default.aspx.

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 José 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.