Mines Management, Inc.

January 10, 2006 09:45 ET

Mines Management Begins Trading on the Toronto Stock Exchange

SPOKANE, Wash.--(CCNMatthews - Jan 10, 2006) -

Mines Management, Inc. (AMEX:MGN) (TSX:MGT) is pleased to announce that its shares have been approved for trading on the Toronto Stock Exchange ("TSX"), and began trading today under the symbol "MGT".

The listing on the TSX will provide additional investment opportunities for Canadian investors, investment professionals and institutions, and is part of the Company's strategy to increase visibility for the Company and improve liquidity for shareholders.

The market marker for the company's shares will be National Bank Financial. The shares are quoted in Canadian dollars.

The company's shares also trade in the United States on the American Stock Exchange.

Mines Management, Inc. is a U.S.-based mineral company focused on the acquisition and exploration of silver dominant mineral deposits. The company's primary focus is on the advancement of the Montanore Silver-Copper Project located in northwestern Montana.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 regarding the listing and trading of the Company's shares on the Toronto Stock Exchange. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from those presented. Factors that could cause results to differ materially include non-approval of the company's listing application, fluctuations in silver and copper prices and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on form 10-KSB, as amended, for the year ended December 31, 2004.

Further information about Mines Management, Inc. can be reviewed on the website for the Securities and Exchange Commission at www.sec.gov or on the company's website at www.minesmanagement.com. The company will also be subject to Section 501 of the TSX Company Manual, and will begin filing reports on SEDAR, available at www.sedar.com.

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