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Update on Troy Montanore silver-copper mine project by Duane Williams, KLCB-KTNY Radio June 4, 2013 Mines Management/Montanore reported a net loss of $2.1 million for the quarter ended March 31, 2013 compared to a net loss of $1.4 million for the quarter ended March 31, 2012. The increased net loss in the 2013 so far resulted primarily from an increase in general and administrative expenses primarily due to the higher value of stock based compensation issued during the first quarter of 2013 compared to 2012, an increase in technical services associated with the exploration of the La Estrella gold-silver project in central Peru, and a decrease in other income, primarily from the change in the fair market value of warrant derivatives which expired in April of 2012. Montanore continues to work on related environmental regulatory processes towards a targeted completion in 2013. During the first quarter Montanore entered into an agreement with the Montana Fish Wildlife and Parks to fund additional mountain goat surveys which are currently part of their goat management plan. Helicopter surveys over the project area will meet the two years of mountain goat monitoring required prior to initiating major construction activities for the project. The USFS completed a revised aquatic and terrestrial biological assessment during the first quarter of 2013 and formal consultation commenced between the two agencies. Mitigation plans for impacts to both aquatic and terrestrial wildlife were prepared. It is anticipated that the formal consultation process on the terrestrial assessment will be initiated in the second quarter of 2013. The US Army Corps of Engineers has issued a preliminary jurisdictional determination which is a critical step towards a decision to issue a 404 permit. This review by the Corps is occurring concurrently with the Final EIS and Record of Decision review path. Mines Management is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company's primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. ________________________________________ By Duane Williams, KLCB-KTNY Radio, e-mail: klcb@frontiernet.net, www.klcb-ktny.com.

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