Mines Management Announces Completion of Important Milestone in Montanore Project Permitting



    SPOKANE, WASH., November 19 /CNW/ - Mines Management, Inc. (AMEX:  MGN)
(TSX:MGT) (the "Company") is pleased to announce that the Preliminary Draft
Environmental Impact Statement ("PDEIS") has been completed for the Montanore
Project (the "Project") and delivered to the U.S. Forest Service ("USFS") and
Montana State Department of Environmental Quality ("DEQ") for review.

    The Company's President and CEO, Glenn M. Dobbs, stated "We are extremely
pleased to have the Preliminary Draft completed, as it is the culmination of
all of the environmental assessment work completed to date, marking the
completion of the most significant step so far in the EIS process. All parties
involved have worked diligently to address issues related to the Project to
ensure it will meet or exceed environmental standards and reduce impacts
associated with the project. Mines Management is committed to conservation and
taking extraordinary steps to provide the maximum amount of protection to the
environment in the region."

    The 900+ page document describes the project proposed by MMI, the
environmental characteristics of the area, and the socio and economic
situation within the region, and develops alternatives and mitigation that
would help to reduce the project's environmental impacts. The PDEIS was
prepared by an EIS contractor selected and retained by the reviewing agencies
and Mines Management reflecting a collaborative effort. Following the
agencies' internal review, the Draft EIS will be published for public review
and comment, which publication is expected in April 2008.

    Mr. Eric Klepfer, of Klepfer Mining Services who are overseeing the
permitting process on behalf of the Company, stated, "This is a very important
step in the overall EIS process. While this is only a preliminary draft which
will go through several reviews prior to being released for public comment, it
marks the first major step towards completion of the EIS and issuance of a
Record of Decision."

    Mines Management is a U.S.-based mineral exploration company focused on
the acquisition, exploration, and advancement of silver dominant mineral
projects. The company's primary focus is currently on the advancement of the
Montanore Silver-Copper Project located in the United States. The Montanore is
currently undergoing an advanced stage evaluation program to support a
bankable feasibility study 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 process and timing of environmental assessment 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.




For further information:

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

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MINES MANAGEMENT, INC.

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