Cline Reorganization Plan Implemented

TORONTO, ONTARIO--(Marketwired - July 8, 2015) - Cline Mining Corporation ("Cline" or the "Company") announced today the implementation of its previously announced recapitalization transaction. The recapitalization transaction was implemented pursuant to a Plan of Compromise and Arrangement concerning, affecting and involving Cline, New Elk Coal Company LLC and North Central Energy Company, which was approved by the Ontario Superior Court of Justice (Commercial List) on June 1, 2015 pursuant to the Companies' Creditors Arrangement Act (the "CCAA") .

For further information about the recapitalization transaction, the CCAA proceedings and the Plan of Compromise and Arrangement, please refer to the website of FTI Consulting Canada Inc. (the CCAA monitor) at the following web address: http://cfcanada.fticonsulting.com/cline.

About Cline

Cline is a Canadian mining company headquartered in Toronto, Ontario with resource development interests in Canada, the United States and Madagascar. For further details on Cline, please refer to Cline's web site (www.clinemining.com) and Cline's Canadian regulatory filings on SEDAR at www.sedar.com

Forward-Looking Information

This press release contains forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the proposed Recapitalization and the Company's future financial condition. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such statements are based on assumptions, estimates, forecasts and projections made in light of the trends, conditions and expected developments that are considered to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of the Company. A number of factors and assumptions may cause actual results, level of activity, performance or outcomes of the Company to be materially different from those expressed or implied by such forward-looking statements including, without limitation, obtaining necessary creditor approvals and court approvals of the Recapitalization and otherwise satisfying the conditions precedent to the implementation of the Recapitalization. There can be no guarantee the Company will complete the Recapitalization. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.